Spelinspektionen Approves Amendments to Swedish Gambling Regulations

The Swedish Gambling Authority, or Spelinspektionen, approved amendments to Swedish gambling regulations. The new rules call for better customer protection and protection against financial crimes within the gambling industry.

The Swedish gambling sector introduced changes to the licensing of online gambling content and technology providers. According to pay per head sportsbook experts, the new rules required suppliers of solutions and content for the iGaming industry to apply for a license from the regulator.

In September, the government proposed a gambling tax increase from 18 percent to 22 percent on gross gaming revenue. Once approved, the government will implement the tax increase in July 2024. Also, the Spelinspektionen published a response on using credit cards in the gaming industry. The regulator said operators should not encourage players to use credit cards. However, the Spelinspektionen thinks a ban is not needed.

The amends to gambling regulations in Sweden will undergo a review. Also, the government can include additional proposals before the final approval. There are calls for higher fines for operators that breached the country’s Money Laundering Act. At present, gambling operators face higher penalties for breaking the Swedish Gambling Act.

Amendments to Swedish Gambling Regulations

The proposed measures will implement penalties for violating the Money Laundering Act at par with Gambling Act violations. According to pay per head insiders, it is the government’s way to protect the gambling sector against criminal activities.

Aside from increased penalties against gambling firms, the proposed measures require written approval for sales of games via telephone. The proposal is already at the Legislative Council for assessment and approval. Also, the target date for the proposal’s implementation is April 2024. People who want to learn how to open a sportsbook in Sweden should also consider the amendments.

The Spelinspektionen supports the proposed amendments. In addition, it saw the need to strengthen the rules for the legal gaming industry in the country. Thus, it is happy that the government is increasing the fines for Money Laundering Act violations.

In May, the Spelinspektionen decided to extend the term of its director general, Camilla Rosenberg. Thus, she will remain as the director general until October 2026.

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