Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 53

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 53
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 where that failure results in a data breach.

| 25 |

In the European Union, the General Data Protection Regulation of 2018 (the “GDPR”) significantly expanded the rules on using personal data and increased the risks of processing personal data. Some of the new requirements include:

| ● | accountability                                                                                                                        
 and transparency requirements, which require those who control data to demonstrate and record compliance and provide certain detailed 
 information to users regarding the ways in which data is used and processed;                                                          |
| ● | enhanced                                                                                                                              
 data consent requirements, which includes “explicit” consent with regard to information the regulation classifies as                  
 sensitive data;                                                                                                                       |
| ● | obligations                                                                                                                           
 to consider data privacy as new products, services and systems are developed, including ways to limit accessibility of data as well   
 as the amount of information collected, processed, and stored;                                                                        |
| ● | constraints                                                                                                                           
 on using data to profile users;                                                                                                       |
| ● | obligations                                                                                                                           
 to provide users with personal data in a usable format on request and to erase personal data in certain circumstances; and            |
| ● | reporting                                                                                                                             
 to data protection authorities of potential breaches without undue delay (72 hours, where feasible).                                  |

Other foreign jurisdictions in which the Company operates, or in which it has it services available, have implemented, or are considering implementing, data privacy laws and regulations, many of which are similar to the GDPR. Although we attempt to stay current with such developments in the jurisdictions in which we or our subsidiaries operate, our policies and procedures for compliance with data privacy laws and regulations, may not be up-to-date or implemented correctly or our management, employees or agents. thereby not complying with current procedures. Moreover, our third-party agents in foreign jurisdictions may likewise not implement policies and procedures that are the most current for their jurisdiction, thereby creating a risk factor for us. Failure to comply with data privacy laws and regulations may have serious financial consequences. We could face significant sanctions, statutory damages, and damage to our reputation resulting in a material adverse effect on our results of operations, business, or financial condition.

Our business could be adversely impacted by changes in the Internet and mobile device accessibility of users.

Our business depends on users’ access to our offerings via a mobile device or personal computer and the Internet. We may operate in jurisdictions that provide limited data or Internet connectivity, particularly as we expand into foreign markets. Internet access and access to a mobile device or personal computer are frequently provided by companies with significant market power that could