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The Digital Markets Act, DMA is a landmark regulation enacted by the European Union (EU) to foster fair competition in the digital economy. It targets gatekeepers, large online platforms that dominate the market and create barriers for smaller businesses. By addressing issues like unfair practices, lack of contestability, and market fragmentation, the DMA seeks to ensure a level playing field and enhance consumer benefits.

Key Provisions:

• Platforms cannot favor their own products/services over competitors'.
• Gatekeepers must enable fair access to their platforms.
• Businesses using gatekeepers' services can access relevant data.