
Digital Market Act
The Digital Markets Act (DMA) is a European Union regulation designed to create fairer competition in the digital market. It targets large online platforms, known as "gatekeepers," which dominate the market, ensuring they don't abuse their power. The DMA imposes rules that prevent practices like self-preferencing and unfair data use, promoting openness and consumer choice. Its goal is to encourage innovation and protect smaller businesses by ensuring everyone has a fair chance to compete online. Through this act, the EU aims to create a more balanced and transparent digital environment for users and competitors alike.