{"id":864643,"date":"2025-06-27T14:04:43","date_gmt":"2025-06-27T18:04:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/"},"modified":"2025-06-27T14:04:43","modified_gmt":"2025-06-27T18:04:43","slug":"lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/","title":{"rendered":"Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">FORT WORTH, Texas, June  27, 2025  (GLOBE NEWSWIRE) &#8212; Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful \u2018short and distort\u2019 campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended to damage the Company\u2019s share price and reputation.<\/p>\n<p>\n        <strong>Christopher Gooding, Independent Director of Lottery.com and a member of the Audit Committee with responsibility for legal affairs, issued the following statement:<\/strong>\n      <\/p>\n<p>\n        <em>\u201cThere is no doubt that there is an orchestrated campaign against Lottery. The trading metrics and forensic data we have access to clearly indicate both classic \u2018short and distort\u2019 tactics, and more seriously, a significant volume of naked short selling \u2014 illegal trades not backed by actual share ownership.<\/em>\n      <\/p>\n<p>\n        <em>\u201cThese actors fall into three categories:<\/em>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:10pt\">\n          <em>\u201cAggressive and embittered insiders, who appear to be leveraging confidential or insider information from their historical relationships with Lottery.com for self-serving purposes. I outlined elements of these insiders to the judge in a Delaware action earlier this year;<\/em>\n        <\/li>\n<li style=\"margin-bottom:10pt\">\n          <em> \u201cProfessional short-sellers, aided and abetted by complicit brokers \u2014 some of whom are actively engineering mechanisms to facilitate, or are willfully ignoring, illegal naked short activity; and<\/em>\n        <\/li>\n<li style=\"margin-bottom:10pt\">\n          <em> \u201cOpportunistic traders, influenced by blogs, shorting platforms, and \u201cpay-to-publish\u201d media articles that amplify false and defamatory narratives. These clearly represent the \u2018distort\u2019 component of the campaign. Numerous cease-and-desist letters have already been issued.<\/em><\/p>\n<p>          <em>\u201cOur message to these parties is unequivocal: We know who you are. We are rapidly securing irrefutable legal evidence of your involvement \u2014 including the brokers operating both in the U.S. and offshore in jurisdictions such as the Caribbean. We will pursue damages vigorously and refer the evidence to the appropriate regulatory authorities.<\/em><\/p>\n<p>          <em>\u201cYour days are numbered. We will shut you down, and the financial penalties imposed will far exceed the unlawful profits you have sought to extract from our shareholders.\u201d<\/em><br \/>\n          \n        <\/li>\n<\/ul>\n<p>Lottery.com reiterates its commitment to protecting shareholder value, market integrity, and the long-term growth of its global operations.<\/p>\n<p>\n        <strong>About Lottery.com<\/strong>\n      <\/p>\n<p>The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands \u2014 including Sports.com,\u00a0Tinbu\u00a0and\u00a0WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UqrTqhPZdel_beFGL5Yo3gTP37hZm6o0hiIFTEHGhTKmY_CpAOhk7Vw_xUpORab4FO1JMamikF1ecByHoqV88rnUjuTemb2ekms_NY9hOeFxHfhsvorT1mTbv5QralFDEw0n2_5UA23yp2XGFY2mAXqVQVeN__li0vjZwb3v9daJzwufmEgGWGnRJ4j-x3KuQlvBnGqMPSTi8aSzy36oSZThmiTbp9cFZJiMu3PwdQUqQSW5AhvA2O_EQDhPA3nrHcvPHv76PHE_4R7Dcp4CIFlLnT62ZNKa6pNIgBES3Ee9rOba6SoLO7BTB21iozn6WpVLdoXFgpmR_wHz9HubE0cQ2hZjY2dXDH1z31Az58qr3TTvRxmDOCc0sqmpAddZ\" rel=\"nofollow\" target=\"_blank\"><u>X<\/u><\/a>,\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jJrHBjLf4MmwX9ectW7_NiZp9wGIPwFmCgJJhvrHHSad64VyTtG4zf967ytxNjWGrr1UcdN2qYtxBAar2elijcODZMss__S_IM-hgWrILO7GIeQzWtv0rprG_ncyImr0TTvjyq1haWeDW_kONv5n26zOJzUbHLVbgUAnSge6_FErgPRrgw3fGERh-jMH_7IXUG-hnrsbci85BS3MrqYO2I5mEmoT_yqlitEuRBbl4Dh9793d8Hr65Pa5jZGuIa9xEKMmLW4YOuFc1q-UH6edNtOn94PnOCV5iOaHdc2EEreEWV7zY7tNvyALwd90HeBvD4Bf8n490ZFYbh4lb38QIE1lblW7VaV4mSNKJNP4BZr4ozvfKEH9Aok_f6MKwm8IQHszTokcvoIelBgnpm1uDw==\" rel=\"nofollow\" target=\"_blank\"><u>Instagram<\/u><\/a>\u00a0and\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W4M9ZwO5LIACOPgOo1xWJxNRvQN51S44bAmZQI7EERBo_2-GIqXnfCWLWSVjy0XTrB3vna1yeHrE2QTOFd6lrQZsO1FkS9qiNCbgneKZuLOq7V8cTT5vgRno0wEgLGLaR4dL6sQxVCK06KfivmdD52YdhZDNDkN-OmyFIzkJqoA-e7_D6zIaD5TRPPllzjlEqnTSsQdHFRfeEe9_jBagArJ44BI41vV0nvFbg4y0fLXB0IRCTjuXjmdMnYWtBsKu7L5elFtkBgTizKfDO_Sbg41WjTSOMXU2Y5uTKvqZ3mGNiiV8vUfhZcRImaXD6rqfRx3yMIc05f4I8hP2-ptWj6kC6Y_YB92RnC8AGzH2u0MO59oRF3iz-9KJR6NhakUTPdO3lwdpeUbdy4Rmuv3Cog==\" rel=\"nofollow\" target=\"_blank\"><u>Facebook<\/u><\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains statements that constitute \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company\u2019s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words \u201ccould,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cinitiatives,\u201d \u201ccontinue,\u201d the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management\u2019s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, expectations related to the investigation of short selling or potential naked short selling, including the Company\u2019s analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; any future findings from ongoing review of the Company\u2019s internal accounting controls; additional examination of the preliminary conclusions of such review; the Company\u2019s ability to secure additional capital resources; the Company\u2019s ability to continue as a going concern; the Company\u2019s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq; the Company\u2019s ability to regain compliance with the Bid Price Requirement; the Company\u2019s ability to regain compliance with Nasdaq Listing Rules; the Company\u2019s ability to become current with its SEC reports; and those additional risks and uncertainties discussed under the heading \u201cRisk Factors\u201d in the Form 10-K\/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC\u2019s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.<\/p>\n<p>This press release was published by a CLEAR\u00ae Verified individual.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NTk5OCM3MDIyNzI4IzIyMDk2MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NmI0ZDBhNTAtOWRjMC00YTNkLWFlOWItOTMyMDEyZmYzNjhhLTEyMjExODgtMjAyNS0wNi0yNy1lbg==\/tiny\/Lottery-com-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>For more information, please visit www.lottery.com or contact our media relations team at press@lottery.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FORT WORTH, Texas, June 27, 2025 (GLOBE NEWSWIRE) &#8212; Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful \u2018short and distort\u2019 campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended to damage the Company\u2019s share price and reputation. Christopher Gooding, Independent Director of Lottery.com and a member of the Audit Committee with responsibility for legal affairs, issued the following statement: \u201cThere is no doubt that there is an orchestrated campaign against Lottery. The trading metrics and forensic &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-864643","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FORT WORTH, Texas, June 27, 2025 (GLOBE NEWSWIRE) &#8212; Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful \u2018short and distort\u2019 campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended to damage the Company\u2019s share price and reputation. Christopher Gooding, Independent Director of Lottery.com and a member of the Audit Committee with responsibility for legal affairs, issued the following statement: \u201cThere is no doubt that there is an orchestrated campaign against Lottery. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/","og_locale":"en_US","og_type":"article","og_title":"Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign - Market Newsdesk","og_description":"FORT WORTH, Texas, June 27, 2025 (GLOBE NEWSWIRE) &#8212; Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful \u2018short and distort\u2019 campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended to damage the Company\u2019s share price and reputation. Christopher Gooding, Independent Director of Lottery.com and a member of the Audit Committee with responsibility for legal affairs, issued the following statement: \u201cThere is no doubt that there is an orchestrated campaign against Lottery. The trading metrics and forensic &hellip; Continue reading \"Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-27T18:04:43+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NTk5OCM3MDIyNzI4IzIyMDk2MzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign","datePublished":"2025-06-27T18:04:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/"},"wordCount":930,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4NTk5OCM3MDIyNzI4IzIyMDk2MzU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-closes-in-on-legal-action-against-coordinated-short-and-distort-campaign\/","name":"Lottery.com Closes in on Legal Action Against Coordinated \u2018Short and Distort\u2019 Campaign - 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