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.

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

The Danish state-owned gambling operator Danske Spil has announced a record net profit for 2019 and at the same time the local gambling regulator, Spi...

Read more »

Both UK and Gibraltar gambling regulators decided to suspend the licenses of Addison Global Limited, the operating company of online bookmaker MoPlay,...

Read more »

The United Kingdom Gambling Commission has forced the online betting exchange Matchbook to freeze its UK betting and casino activity; after temporaril...

Read more »

The shareholders of GVC Holdings have voted and approved the relocation of the company’s headquarters and tax residence from the Isle of Man to the UK...

Read more »

The world no. 1 chess grandmaster Magnus Carlsen has signed a sponsorship deal with Unibet, that will make him the global brand ambassador of the famo...

Read more »

The federal states of Germany have reached an initial agreement regarding the establishment of a new draft interstate treaty on the regulation of all ...

Read more »

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »