This paper aims to contribute to the highly salient debate on fake news and hate speech by analysing possible ways of online platforms’ regulation. The paper firstly outlines the main challenges currently posed by the rapid spread of hate speech and fake news to democracy. Secondly, it describes the sheer influence of online platforms on contemporary media consumption, the duopolistic position of Facebook and Google in the global digital advertising market and the vast legal protections these online platforms currently enjoy in both the EU and the US. The paper then proceeds to a comprehensive overview of relevant proposals and initiatives, put forward by governments, but also the civil society, the private sector and the platforms themselves. Available in PDF.