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Industry
January 23, 2024
SGA Takes Action against Two More Operators
Spelinspektionen, the Swedish Gaming Authority (SGA), has taken action against two companies providing games in the country without proper licensing. Such actions represent a severe violation of Sweden’s gambling regulation and led to immediate action. The authority was adamant that the two operators threatened the safety of Swedish players, reaffirming its commitment to a sustainable […]
Industry
January 16, 2024
Spelinspektionen Signs Memorandum of Understanding with IBIA
The Swedish Gambling Authority (Spelinspektionen, SGA) has joined forces with the International Betting Integrity Association (IBIA), signing a memorandum of understanding (MoU) on sports betting integrity. Under the MoU, the Swedish regulator will work with the largest international betting integrity monitor in the world, allowing it to better prevent fraud. The agreement will see the […]
Casino
December 20, 2023
Spelinspektionen Fines Casino Cosmopol $200K over AML Breaches
The latest company to have been handed down a fine is Casino Cosmopol which admitted fault and agreed to pay SEK2 million, or $200,000, to the regulator. This penalty is awarded in relation to anti-money laundering (AML) breaches outlined in the watchdog’s conclusion of the case and the two-year investigation. Cited Breaches Are a Matter […]
Legal
November 20, 2023
Spelinspektionen Applauds Changes to Gambling Regulations
Earlier this year, the regulated gambling sector in Sweden went through changes related to licensing of the providers of iGaming technology and content. The changes came into effect on July 1, 2023, requiring all suppliers of content and solutions for the online gambling industry to secure a license from the Swedish Gambling Authority, Spelinspektionen. Then, […]
Industry
November 3, 2023
Spelinspektionen: Credit Card Ban Isn’t Needed at the Moment
Sweden’s gambling regulator, the Spelinspektionen, has published a consultation response relating to SOU 2023:38, saying that gambling companies should not encourage their players to loan money. However, the regulator is not convinced that further measures are needed at this moment. SOU 2023:38 is a series of proposed measures that concern the extension of the credit […]
Industry
November 2, 2023
Spelinspektionen Issues $809,300 Fine to Videoslots over AML Failings
Sweden’s gambling regulator, the Spelinspektionen, has issued a penalty fee to Videoslots. According to the authority, the gambling operator failed to properly measure risk and committed anti-money laundering (AML) and counter-terrorist financing (CTF) violations. For reference, Videoslots is a licensed operator that offers gambling in Sweden through its videoslots.com website. As noted by the Spelinspektionen, […]
Industry
November 1, 2023
Spelinspektionen Reports Progress of Anti-Black Market Collaboration with Finansinspektionen
The Spelinspektionen, Sweden’s gambling regulator, has published a partial report on the ongoing review of how collaboration with the Finansinspektionen can strengthen the efforts against illegal gambling. The country remains bullish on protecting local players from harm and combating gambling-related fraud. The report outlines the results of the ongoing cooperation between the Spelinspektionen and the […]
Industry
September 14, 2023
Sweden Proposes Allocating More Money to Spelinspektionen Starting 2024
Sweden’s government has proposed an increase in the money allocated to the Spelinspektionen and Finansinspektionen for 2024. As the country seeks to strengthen the supervision of the gambling market, it proposed to allocate SEK 10.8 million (around $970,000) to the gambling authority’s 2024 budget. The government plans to further support the Spelinspektionen, providing it with […]
Industry
September 6, 2023
Spelinspektionen: Licensed Operators Recorded a Turnover of SEK 6.7B in Q2
The Spelinspektionen, Sweden’s gambling regulator, has published information about the Swedish gambling market’s performance in the second quarter of the year. The period saw the authority’s licensees collectively record a turnover of SEK 6.7 billion (around $602,000), which translates to a slight year-on-year decrease. The reported preliminary figure represents a decrease of a little bit […]
Industry
August 22, 2023
Spelinspektionen Comes under Review as Sweden Evaluates Its Work
The Swedish National Audit Office has announced its intention to conduct a comprehensive review of the effectiveness of Spelinspektionen’s supervision of the country’s gambling market. This investigation will comprehensively evaluate the regulator’s actions, strategies, and overall effectiveness in achieving the objectives set by the Swedish national gambling policy, helping address any potential deficiencies. Regular Updates […]
