Sweden announces licensing guidelines

5 Apr 2018

SwedenThe 5th of April 2018 marks a historic moment for Sweden's gambling market. The government has decided that the market is going to be regulated through the very first license system and a gambling act, which will come into effect in January 2019. The bill named "A re-regulated gambling market" introduces measures that will be used as a means towards tackling criminal-related gambling activities that have emerged in the last 14 years, according to Minister for Public Administration Ardalan Shekarabi.

As a result of the new gambling act all operators not possessing a Swedish license will be revoked of any legal rights to operate within the Swedish market. The focus of the new bill is mainly on consumer protection and also on dealing with all negative aspects of gambling. Gambling fraud was also re-evaluated and is now listed down as an offence, due to which a new council will be formed to deal with crucial issues such as match fixing. Another noteworthy development is the division of the market in 3 different sectors, one for online gambling and betting, one for non-profit which covers lotteries and bingo, and one for the central government which covers state casinos. An 18% tax will be applies on licensed gambling, whereas not-for-profit gambling will remain to be devoid of any tax. On the other hand, players will pay taxes only when they play on unlicensed websites.

The Prime Minister also announced the empowerment of the Swedish Gambling Authority to supervise all license holders' activities and ensure they always abide by the law. Marketing operations related to gambling will also be set in accordance with the new framework, as well as the blocking of payments sent to unlicensed operators by Swedish players.

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
UFC 294: Makhachev vs Volkanovski Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Saturday, October 21 at the Etihad Arena in Abu Dhabi. UFC 294, starting at 19.00 BST, featur...

Read more »

Premier League Clubs Get Closer To Bookmaker Sponsorship Ban Featured Image

The front of the shirts of Premier League clubs will no longer feature logos from bookmakers once an agreement is reached. The deal would prohibit fro...

Read more »

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more »

Stake.com Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker Stake.com recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more »

Stake.com Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook Stake.com has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner