FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * MCCHESNEY THOMAS 2. Issuer Name and Ticker or Trading Symbol Golden Matrix Group, Inc. [ GMGI ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
3651 LINDELL RD STE D131
3. Date of Earliest Transaction (MM/DD/YYYY)
9/10/2020
(Street)
LAS VEGAS, NV 89103
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  9/10/2020    S    3000  D $5.50  172801  D   
Common Stock  9/11/2020    S    2334  D $5.57  170467  D   
Common Stock  9/14/2020    S    1000  D $5.70  169467  D   
Common Stock  9/17/2020    S    1000  D $5.00  168467  D   
Common Stock  9/21/2020    S    1000  D $5.22  167467  D   
Common Stock  9/22/2020    S    1000  D $5.20  166467  D   
Common Stock  9/24/2020    S    4467  D $5.62 (1) 162000  D   
Common Stock  12/22/2020    S    5000  D $6.95  157000  D   
Common Stock  12/23/2020    S    100  D $7.10  156900  D   
Common Stock  12/28/2020    S    2727  D $7.06  154173  D   
Common Stock  12/29/2020    S    1000  D $7.00  153173  D   
Common Stock  12/31/2020    S    2000  D $6.85  151173  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)  $0.795  4/27/2020    A     100000       (2) 8/1/2025  Common Stock  100000  $0 (3) 100000  D   

Explanation of Responses:
(1)  The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $5.50 to $5.65, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in footnote (1) to this Form 4.
(2)  The option vests in three installments as follows: 50% on November 1, 2020, 25% on February 1, 2021 and 25% on May 1, 2021, subject to the Reporting Person's continued performance of services for the Issuer through each vesting date.
(3)  Issued in consideration for services to be rendered as a member of the Board of Directors of the Issuer. Granted under the issuer's 2018 Equity Incentive Plan. Exempt pursuant to Rule 16b3(d).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MCCHESNEY THOMAS
3651 LINDELL RD STE D131
LAS VEGAS, NV 89103
X



Signatures
/s/ Thomas E. McChesney 3/19/2021
**Signature of Reporting Person Date
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