United States Cedes Regulation of Internet to a Foreign Entity. See this link for details: NYTimes.com. Exactly how to buy a new gTLD (generic Top Level Domain) is something of a mystery. So it seems, from a basic inquiry into new extension registrations that one can pre-register for approximately fifty dollars and priority pre-register for nearly four hundred dollars. Neither process ensures that one will actually be able to acquire a domain name at a new extension.
Instead, after paying the so-called pre-registration or priority pre-registration fee, one enters into a cue to potentially compete for a new domain at a new extension. If one decides to bow out and not bid for their new extension, then one forfeits an application fee of approximately one hundred and sixty dollars. The actual contents or required details for the application only being reviewable once one has paid the noted fees.
You may even pre-register a domain name at one of the nearly two thousand new generic top level domain name extensions. If there are multiple pre-registrants, then your proposed domain name will go to auction, which usually lasts seven days or so. You may be bidding against other competitors at the same Internet Domain Registrar. A domain name registrar sells domain names on behalf of registries who actually create the domain name extension. If priority pre-registration was permitted for your chosen domain extension, then the priority pre-registration trumps all general pre-registrations. If there are multiple priority pre-registrations from different registrants at various registrars, then the auction will take place among these competitors.
You would be smart or wise to consult with a domain broker and Intellectual Property Lawyer who specializes in Internet matters before buying a domain name. This will hopefully ensure that you do not have any issues later on.
Apparently there is no actual regulation of the new gTLDs by anyone other than the registry of the gTLD. The registry can manage the potential auction for a domain name at a new extension once it ensues and potentially the highest bid would become the property of the registry. What happens though, if multiple registrars are accepting pre-registrations for the same domain at the same gTLD? How will the auction be managed, when many registry’s are accepting bids from multiple applicants?
Some information on this bizarre process, for the largest expansion of the internet in history, can be found one these links: gtldresult.icann.org/application-result/applicationstatus or icann.org/en/news & icann.org/en/news/press/materials. View comments about the internet and create one at: icann.org/en/news/public-comment