Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

Swedish Gambling Authority preparing for licensed market

21 Feb 2018

The Swedish Gambling Authority Lotteriinspektionen have made another move closer to regulating the local market as they have announced they will start accepting license applications as of July 1st 2018.

Nevertheless all regulations need to be approved by the country’s Government and Parliament as the existing Law is in need of immediate ammendment, clarified Camilla Rosenberg, Director-General of Lotteriinspektionen.

“The goal is that licensed applications can be sent to the Swedish Gambling Authority from 1 July 2018 and that the law will come into force on 1 January 2019,” said Rosenberg.

The new regulations and the licensing system demand that the authority installs a brand new IT system, double its workforce and adopt a brand new working processes.

The following timetable has been scheduled:

• Government draft bill including regulations to be ready on March.
• Lotteriinspektionen tweeks for regulations will be available until the middle of March.
• The Swedish Government will vote the law within May 2018.
• Lotteriinspektionen will arrange information meetings regarding the application process mid-May 2018.
• The license application window is expected to open July 1st 2018.
• The new law regarding gambling will come into force 1st January 2019.

“Many operators who want to apply for a license are already making preparations based on the government’s proposed bill,” Rosenberg explained. “The awarding of licenses and the dates from which they will be valid will depend partly on the quality of the applications and when they are received by the Swedish Gambling Authority. We will make a comprehensive assessment of both the application and of the company behind the application”, Camilla Rosenberg added.

All applicants must adopt certain responsible gambling measures, customer protection and a strong security system in order to fulfil the criteria set by the Government and Lotteriinspektionen. The first guidelines for technical and general regulations will be distributed during March 2018.

 

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
How Mbappe’s Injury Affects All Euro 2024 Bets Featured Image

French superstar Kylian Mbappe suffered a broken nose after a collision with Austria’s Kevin Danso. He was later subbed off and was taken to the...

Read more »

Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner