The Swedish gambling authority updates its licensing requirements

13 Oct 2021

spelinspektionen-swedenSpelinspektionen, the Swedish gambling authority, announced several changes to its licensing requirements to protect every player in a more efficient way. According to the new provisions, any operator that doesn’t hold the appropriate license will be excluded from the Swedish betting market.

More specifically, every online bookmaker that operates in the country has from now on an obligation to offer transactions and pay winnings in the Swedish currency - the Swedish krona (SEK). Moreover, any information on a bookie’s website must be provided in the Swedish language. On top of that, all betting sites will need to be associated with payment service providers registered in Sweden, or offer payment options that are ‘exclusively or largely’ used by the Swedish public. At the same time, an e-identification system that is also used ‘exclusively or largely’ by Swedish bettors must be adopted.

If an international bookmaker is caught carrying out illegal gambling operations in the country; then Spelinspektionen will send a letter to the relevant national gaming authority informing that a gambling ban has been used against the bookmaker. The Swedish gambling authority has the right to intercede against betting companies using remarks, warnings, or licence cancellations under the country’s Gaming Act conditions.

A Spelinspektionen spokesperson stated: “In assessing whether it is justified to apply for payment blocking in an individual case, the Swedish gambling authority will therefore pay special attention to what measures the payment service providers can and intend to take voluntarily, without an injunction.”

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

Kaizen Gaming’s online bookmaker Betano has finalised a deal with the Romanian Football Federation, which allows it to become the naming partner...

Read more »

The online sportsbook Vbet has extended the partnership with AS Monaco for three more years until 2025. The deal, which began in 2020, will allow the ...

Read more »

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

LATEST BOOKMAKER PROMOTIONS