Sweden: Suggestions for complete betting legislation overhaul

16 Aug 2017

sweden betting legislation overhaul svenska spelAfter a year-and-a-half-long review of the local gambling industry, Sweden’s State-Run Gambling Operator, recommends that Svenska Spel’s Monopoly should finally end.

The officials have suggested that the monopoly be replaced with a more liberal system, that would allow international betting operators to enter the country’s market.

Following this recommendation, Sweden’s Riksdag (the country’s legislature) will have to decide whether they will create a new legal framework on this direction in order to introduce it as a law.

According to a relevant announcement the changes are set to take place in early 2019. Despite that, no can be certain on the way which gambling market will be regulated and has also not prevented the parties involved from making statements and disagreeing on this "unclear battleground”.

Svenska Spel CEO Lennart Käll and Chairman Erik Strand sent an article to Swedish news outlet Dagens Samhälle. The two main subjects were the introduction of effective mechanisms against illegal gambling and limiting possible gambling risks.

They also mentioned that the officials must examine each and every possible factor, before granting licenses to international operators.

This article was consequently criticized strongly by Swedish MP, Fredrik Schulte.

Mr. Schulte accused both Lennart Käll and Erik Strand of trying manipulate and influence the regulators in a way that benefits Svenska Spel in the wake of the upcoming changes.

Concluding, Svenska Spel currently holds only a 20% of the local online gambling market, despite being the only authorized operator of iGaming services in the country. This happens as grey market operators are constantly increasing their revenue from local customers.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

Everton has landed yet another important deal by teaming up with Parimatch, appointing it as the club’s official betting partner in Europe and in the ...

Read more »

Online sports betting operator 22Bet has reached an agreement with French Ligue 1 champions Paris Saint-Germain. The two-year deal, ending 2022, will ...

Read more »

The South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

European sports betting firm Melbet is expanding its presence in Africa by entering the Kenyan market. After already operating in Nigeria, Ghana and U...

Read more »

Latest Betting Offers

18+ | T&Cs apply | begambleaware.org

The generated voucher is only valid for people of legal age. The betting credit worth €5, €15 or €30 is awarded at random. The term "voucher" in the bonus provisions refers to both betting vouchers and free bet vouchers. In addition, 10 x € 3.000 will be raffled among all players who have redeemed their betting credit. The winners will be determined by drawing lots and notified by email on October 7th, 2020. The judges' decision is final. The prize money will be credited to your Interwetten account and is freely available.