Rules Navigator

Sign in
Register

SEC sues Lottery.com and ex-employees for revenue fraud 

Depiction of lottery in New York
Photo: Spencer Platt/Getty Images

Alexander Barzacanos

 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

According to the complaint, a series of artificial transactions drastically inflated the company’s value from 2020 to 2022.

Lottery.com, a digital platform that allows users to purchase lottery tickets, has received a civil lawsuit from the SEC in Manhattan federal court.

The regulator is also suing three former employees of the company, including its former CEO Lawrence Anthony DiMatteo, while charging Vadim Komissarov, the CEO of a

Register for free to keep reading

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free
Sign in
, , , , , , , , , ,