By default, your bot can be embedded and run from any origin. Allowed Origins restricts execution to only the origins you list — for example, your own website — preventing the bot from being embedded elsewhere.
Add an origin (e.g. https://my-company.com) to the allowed list to enable the restriction.
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If you set allowed origins and don't include https://bot.co (or your viewer domain), the bot's shareable link itself will stop working.