Sweden Proposes New Online Gambling Laws

Published Monday, April 16, 2018 - Online-Casinos.com
Sweden Proposes New Online Gambling Laws

The Scandinavian online gambling market is strong and available to punters looking for action that compares to most jurisdictions in Europe and beyond.  Sweden’s current government is proposing some new legislation for the regulation of online gambling. The proposed new rules  will install a different licensing system and a possible prohibition that deals with illegal gambling operations and more effective consumer protection measures.

The official governmental press release revealed that the proposed laws will require a fee of approximately $83,260 for an online casino and sports betting license to operate that could become necessary by January 1st 2019.

Scandinavia’s Minister for Public Administration, Ardalan Shekarabi, revealed in a statement, “Unregulated gambling has taken over and gambling is used in criminal activities,” The Minister continued to add, “It is 14 years since the first in a line of gambling inquiries was appointed. It is now time for us to move from words to actions and regain control of the Swedish gambling market.”

Local unlicensed firms would be required to cease operating while those operating from offshore will also need a new license from the authorities. Stronger consumer protections requiring all companies must offer customers self exclusion programs and refrain from offering other bonus offerings with the exception of first deposits. He proposal says the Swedish gaming regulator will be granted the power to order local Internet service providers to display warning messages on unlicensed sites and block any associated funding.

Shekarabi also said in the statement, “We are reinforcing the Swedish Gambling Authority, granting it more and sharper tools,”  “Unlicensed operators will be shut out of the market and license-holders must conduct their activities in accordance with the law.”

A government spokesperson detailed that the proposed legislation would also see licensed operators charged with protecting gamblers from excessive wagering and establish stringent new advertising guidelines. Establishing a government commission to tackle suspected instances of match-fixing is also in the works.

 

 

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