It is a financing model that allows many people to support a project by donating or investing small amounts of money. It has emerged as an alternative to traditional financing methods. This method encourages entrepreneurship, supports innovation, can be an alternative to conventional financing, and can distribute risks. In Turkey, the first legal basis for crowdfunding was established with the amendment to the Capital Markets Board Law No. 6362 in 2017. In 2021, it was finalized with the "Communiqué on Crowdfunding" published in the Official Gazette No. 31641. With this legal basis, the issue of mistrust in the crowdfunding system is not discussed, and there is no obstacle to becoming an investor. As the crowdfunding system becomes widespread, it will contribute to economic growth and create employment. However, the successful implementation of crowdfunding requires careful management of regulatory frameworks, transparency, and fraud prevention. Establishing specific standards to ensure the credibility of investors and projects is also essential. The implementation of a crowdfunding system will bring various benefits. These benefits will increase the number of investors, contribute to economic growth, and increase employment. The implementation of this system will also bring along multiple risks. These risks are failure of the crowdfunding system, closure of the organization, insufficient liquidity, and cyber-attacks.