Lottery Com Stock Price, News & Analysis

Lottery.com (NASDAQ: LTRY) announced it is finalizing legal evidence of a coordinated 'short and distort' campaign targeting the company. Working with Paul Hastings LLP, the company is pursuing legal action against individuals and entities engaged in alleged market manipulation.

Christopher Gooding, Independent Director and Audit Committee member, identified three groups involved: aggressive former insiders using confidential information, professional short-sellers with complicit brokers facilitating illegal naked short selling, and opportunistic traders influenced by false media narratives. The company has issued cease-and-desist letters and warns of impending legal action and regulatory referrals.

Lottery.com (NASDAQ: LTRY) has announced plans to acquire a 51% controlling interest in GXR World Sports assets for $10 million to power the launch of the Sports.com Super App. The company will invest $5.1 million initially through cash, stock, or a combination at a $3.00 share price.

The Super App, scheduled for launch in Q3 2025, will integrate six key features: live streaming, community chat, stats-based social media, e-commerce, gaming, and sports news. The platform builds on GXR's existing success of over 1 million monthly active subscribers. Lottery.com has also committed $15 million for the app's expansion and secured a call option to acquire 100% ownership of the new entity by 2027.

Lottery.com (NASDAQ: LTRY) has appointed Tim Scoffham as CEO of Sports.com Media Group Limited and Lottery.com International Limited, effective immediately. Scoffham, who has been consulting with the company since May 2024, brings over 20 years of leadership experience in gaming, media, and entertainment sectors.

In his new role, Scoffham will oversee the strategic integration and international expansion of Sports.com Media's digital sports content platform and Lottery.com International's iGaming division. His responsibilities include aligning commercial, media, and technology platforms, strengthening regulatory partnerships, and developing revenue opportunities in high-growth markets.

Lottery.com and Sports.com-backed drivers delivered impressive performances at Road America's NTT INDYCAR SERIES and INDY NXT races. IndyCar rookie Louis Foster secured a breakthrough pole position and finished P11 in the No. 45 Rahal Letterman Lanigan car. Callum Ilott, driving the Lottery.com-sponsored No. 90 PREMA Racing car, achieved his best 2025 season result with P15. In INDY NXT, Sports.com-sponsored Sebastian Murray earned the Jostens' Biggest Mover award, advancing from P14 to P11. Lottery.com and Sports.com CEO Matthew McGahan highlighted the success of their motorsport partnerships and announced plans for an expanded driver and team development program in 2026.

Lottery.com (NASDAQ: LTRY) has expanded its committed financing facility with Generating Alpha Ltd. from $100 million to $300 million, while improving terms for the company. Key improvements include a reduced discount rate from 10% to 6%, elimination of trading cushion, and a simplified put mechanism. The company has already drawn down $1.87 million for operational expenses and acquisitions. CEO Matthew McGahan emphasized that this financing provides flexibility to issue shares based on market strength, making it less dilutive than typical equity structures. The expanded facility aims to support the company's acquisition strategy, including potential deals like Concerts.com, with a focus on cash-flow positive targets and tangible assets. The partnership with Generating Alpha demonstrates long-term commitment, as they continue to hold shares from initial issuance.

Lottery.com (NASDAQ: LTRY) has successfully regained Nasdaq compliance by maintaining a minimum bid price of $1.00 for twenty consecutive business days from May 21 through June 18, 2025. The company experienced significant market activity during this period, with daily trading volumes frequently exceeding 30 million shares and reaching a peak of 166 million shares on May 27, 2025. CEO Matthew McGahan highlighted this as a turning point, emphasizing the company's turnaround efforts. The company has strengthened its leadership with Tamer Hassan as President of Sports.com Studios and is actively investigating potential illegal short selling with legal advisors from Paul Hastings LLP.

Lottery.com (NASDAQ: LTRY) has appointed renowned actor and director Tamer Hassan as President of Sports.com Studios, its newly established content division. Hassan, who has been serving as a Director for Lottery.com since June 2023, brings over 25 years of experience in international film and television, known for roles in Layer Cake, Game of Thrones, and other notable productions. In his new role, Hassan will spearhead the development, production, and distribution of sports-focused films, docuseries, and premium digital content. Sports.com Studios is already in pre-production on several projects, including a documentary series about a British football club's acquisition and revival, along with content featuring elite athletes. This strategic move represents Sports.com's expansion into entertainment media and storytelling.

Lottery.com (NASDAQ: LTRY) leadership, including CEO Matthew McGahan, Sports.com Ambassador Dennis Wise, and Director Marc Bircham, attended key FIFA Club World Cup events in Los Angeles. The executives were present at the Paris Saint-Germain vs. Atlético Madrid match at the Rose Bowl Stadium, where PSG won 4-0. The Company engaged in strategic meetings regarding their acquisition strategy, including plans to acquire a British football club. Their strategy focuses on creating value through global fan engagement, broadcast rights, real estate, and community investment. The team also attended an exclusive FIFA 1904 fashion brand launch dinner and will continue to Miami for additional meetings and the Bayern Munich vs. Boca Juniors match.

Lottery.com and Sports.com showcased their motorsport presence at World Wide Technology Raceway with three sponsored drivers across INDYCAR and INDY NXT series. In INDYCAR, Callum Ilott led the race but finished P18 after a late fuel strategy gamble, while Louis Foster showed competitive pace before crashing out. In INDY NXT, Sebastian Murray made a promising oval racing debut, finishing ahead of his starting position. All three drivers featured Lottery.com and Sports.com branding on their helmets and cars, demonstrating the companies' commitment to supporting both established and emerging racing talent. The teams now prepare for their next race at Road America, where Foster has previously achieved success.