Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 76

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 76
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 processors terminates its relationship with us or refuses to renew their agreements with us on commercially
reasonable terms, we would need to find an alternate payment processor and may not be able to secure similar terms or replace such payment
processors in an acceptable time frame. Further, the software and services provided by our third-party payment processors may not meet
our expectations, contain errors or vulnerabilities, be compromised or experience outages. Any of these risks could cause us to lose
our ability to accept payments or other payment transactions or make timely payments to our users, any of which could make our technology
less trustworthy and convenient and adversely affect our ability to attract and retain our users.

Nearly
all of our payments have been made by credit card, debit card, automated clearing house transactions, or through other third-party payment
services, which subjects us to certain regulations and to the risk of fraud. We may in the future offer new payment options to users
that may be subject to additional regulations and risks. We are also subject to a number of other laws and regulations relating to the
payments we accept from our users and customers, including with respect to money laundering, money transfers, privacy, and information
security. If we fail to comply with applicable rules and regulations, we may be subject to civil or criminal penalties, fines or
higher transaction fees and may lose our ability to accept online payments or other payment card transactions, which could make our offerings
less convenient and attractive to our users and customers. If any of these events were to occur, our business, financial condition, and
results of operations could be adversely affected.

For
example, if we are deemed to be a money transmitter as defined by applicable regulation, we could be subject to certain laws, rules and
regulations enforced by multiple authorities and governing bodies in the U. S. including numerous state and local agencies who may define
money transmitter differently. Certain states in the U. S. may have a more expansive view of who qualifies as a money transmitter. Additionally,
outside of the U. S., we could be subject to additional laws, rules and regulations related to the provision of payments and financial
services, and if we expand into new jurisdictions, the foreign regulations and regulators governing our business that we are subject
to will expand as well. If we are found to be a money transmitter under any applicable regulation and we are not in compliance with such
regulations, we may be subject to fines or other penalties in one or more jurisdictions levied by federal, state or local regulators,
including