Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 69

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 69
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al “commercial”
bribery and accepting bribes. Our operations, trade practices, investment decisions, and partnering activities may be restricted as a
result.

In
addition, some of the foreign locations in which we operate lack a developed legal system and may experience elevated levels of corruption.
Our foreign operations expose us to the risk of inadvertently violating, or being accused of violating, anti-corruption laws and regulations.
Our failure to successfully comply with any such laws and regulations may expose us to brand and reputational harm, as well as significant
sanctions, including criminal fines, imprisonment, civil penalties, disgorgement of profits, and injunctions, as well as impacting our
ability to maintain or obtain any governmental licenses, findings of suitability, registrations, permits and approvals. Further, investigations
of alleged violations can result in substantial costs, fines, or penalties and diversion of our resources. We are continuously developing,
monitoring and maintaining the various governmental requirements to comply with applicable anti-corruption laws and regulations, however,
there is no certainty that they will effectively prevent violations for which we may be held responsible, or at all.

We
are currently required to comply with U. S. economic and trade sanctions administered by the U. S. Department of Treasury’s Office
of Foreign Assets Control (“ OFAC”). Our Platform may be accessible from a sanctioned country in violation of applicable trade
and economic sanctions. As part of our ongoing compliance efforts, we are implementing requirements to ensure that we do not violate
these laws and regulations, however, our failure to adequately fulfill such requirements, fully perform any and all compliance requirements,
or otherwise breach any compliance requirements of the OFAC could result in our being subject to penalties, fines or other enforcement
actions.

We
process, support and execute financial transactions as part of our business and disburse funds on behalf of certain of our users, including
receiving payment card information and processing payments for and due to our users. Accordingly, we may be subject to various U. S. and
foreign government anti-money laundering and counter-terrorist financing laws and regulations that prohibit, among other things, involvement
in transferring the proceeds, in whole or in part, for criminal or terrorist activities, including, for example, in the U. S., the Bank
Secrecy Act of 1970, as amended (the “ BSA”), and certain provisions of the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (