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We study the regularity of Lyapunov exponents for random linear cocycles taking values in and driven by i.i.d. processes. Under three natural conditions - finite exponential moments, a spectral gap between the top two Lyapunov exponents, and quasi-irreducibility of the associated semigroup - we prove that the top Lyapunov exponent is Hölder continuous with respect to the Wasserstein distance. In the final section, we apply the main results to Schrödinger cocycles with unbounded potentials.

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