Why Did Lottery.com Plunge 15.17%? Fraud Allegations Spark Sell-Off

On May 22, 2025, Lottery.com experienced a significant drop of 15.17% in pre-market trading, sparking concerns among investors about the company's recent developments and future prospects.

Recent allegations of fraudulent practices have cast a shadow over Lottery.com. An analysis by Ragnarok Research has raised serious concerns, suggesting that the company's primary business operations have ceased and that its current revenue streams are derived from subsidiaries involved in unlawful activities. This has led to a significant lack of confidence in the company's future financial stability, with analysts setting a price target of zero for LTRY.

These allegations have undoubtedly contributed to the recent decline in Lottery.com's stock price, as investors grapple with the potential implications of fraudulent activities within the company's subsidiaries. The situation remains fluid, and further developments are expected to influence the stock's performance in the coming days.