Why Did Lottery.com Plunge 28.09% Amid Fraud Allegations?

Before the BellThursday, May 22, 2025 7:57 am ET

1min read

On May 22, 2025, Lottery.com experienced a significant drop of 28.09% in pre-market trading, sparking concerns among investors about the company's 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 Lottery.com.

The allegations have raised questions about the legitimacy of Lottery.com's revenue sources, with potential legal and financial repercussions looming. Investors are closely monitoring the situation, as the company's future hinges on its ability to address these allegations and restore trust in its operations.

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