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Bruno Bilde Afp

What You Need to Know About the EU's New Digital Markets Act

Introduction

The Digital Markets Act (DMA) is a new law that was passed by the European Union (EU) in 2022. The DMA is designed to regulate the behavior of large online platforms, such as Google, Amazon, and Facebook. The goal of the DMA is to promote competition and innovation in the digital economy.

Key Provisions of the DMA

The DMA contains a number of provisions that are designed to regulate the behavior of large online platforms. These provisions include:

• A prohibition on self-preferencing
• A requirement for interoperability
• A requirement for transparency
• A requirement for due process

Prohibition on Self-Preferencing

The DMA prohibits large online platforms from giving preferential treatment to their own products and services. This means that platforms cannot use their control over the market to favor their own products and services over those of their competitors.

Requirement for Interoperability

The DMA requires large online platforms to make their platforms interoperable with other platforms. This means that users should be able to easily switch between different platforms and use different services without having to worry about compatibility issues.

Requirement for Transparency

The DMA requires large online platforms to be transparent about their algorithms and data. This means that platforms must provide users with information about how their algorithms work and how their data is used.

Requirement for Due Process

The DMA requires large online platforms to provide users with due process when they are taking enforcement actions against them. This means that platforms must give users notice of any enforcement actions and provide them with an opportunity to appeal.

Impact of the DMA

The DMA is expected to have a significant impact on the digital economy. The DMA is likely to lead to increased competition and innovation, as well as greater transparency and accountability from large online platforms. The DMA is also likely to lead to lower prices for consumers and more choice.

Conclusion

The DMA is a landmark piece of legislation that is designed to regulate the behavior of large online platforms. The DMA is likely to have a significant impact on the digital economy, and it is expected to lead to increased competition, innovation, transparency, and accountability.