What is Digital Markets Act (DMA)
The DMA is a regulation by the European Union aimed at regulating large online platforms and promoting fairer competition in the digital market.
It came into effect in November 2022 and became enforceable on May 2nd, 2023.
The DMA targets large companies designated as "gatekeepers" due to their market power.
These gatekeepers are typically platforms like search engines, app stores, or social media that many businesses and users rely on.
The DMA outlines rules that these gatekeepers must follow to ensure a level playing field.
Here are some of the DMA's goals:
Prevent gatekeepers from abusing their market dominance
Increase competition and innovation in the digital market
Give businesses more choices for how they operate online
Increase transparency and user control over data
Who are the gatekeepers in DMA
The DMA might require gatekeepers.
Allow users to install apps from outside their app store
Businesses use their own payment systems within apps, instead of being forced to use the gatekeeper's system
Ensure fair treatment of all businesses using their platform
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