Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 141

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 141
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 export, and national security, all of which are continuously evolving. The scope and interpretation of the laws that are or may be applicable to us are often evolving or new and uncertain and may conflict with each other, particularly those governing our international operations.

Lottery and gaming laws are generally based upon declarations of public policy designed to protect consumers from fraud and other misdeeds and the viability and integrity of the games, while raising revenues for the particular country, state, or other authorizing jurisdiction. To accomplish these goals, stringent laws and regulations may be established to ensure that participants in the industry meet certain standards of character and responsibility, which may require participants to:

| ● | ensure that games are conducted fairly and honestly;             |
| ● | establish procedures designed to prevent cheating and fraudulent 
 practices;                                                       |
| ● | establish and maintain anti-money laundering practices and       
 procedures;                                                      |
| ● | establish and maintain responsible accounting practices and      
 procedures;                                                      |
| ● | ensure that lottery games are sold only at the price established 
 by the applicable lottery regulator;                             |
| ● | report prizes awarded and withhold certain amounts for taxes     
 and other specified liabilities;                                 |
| ● | file periodic reports with regulators;                           |
| ● | establish programs to promote responsible gaming and comply      
 with other social responsibility practices; and                  |
| ● | enforce minimum age requirements.                                |

State and federal laws in the U.S. govern and, in some cases, limit our business practices. For example, the Interstate Wagering Amendment to 18 U.S.C. § 1301 limits our ability to purchase lottery games for a user located in one state from a lottery authority located in another state, except under certain limited circumstances, such as where the lottery authorities in the respective states allow the sales. Therefore, for our users located within the in the U.S., we only purchase lottery games for users geolocated to be physically situated within the U.S. state or jurisdiction where the lottery game they are purchasing is being conducted, unless an exception were to be authorized by the applicable lottery authorities.

In addition, the Wire Act provides that anyone engaged in the business of betting or wagering that knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication that entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of