Earlier within this calendar year, significant amendments in relation to the licensing of firms dealing with iGaming technology and content took place within the highly controlled gambling industry in Sweden. These alterations, which became operational on July 1, 2023, dictated that all contributors of digital gaming content and platforms must attain a permit from the Swedish Gambling Authority, or Spelinspektionen as it’s locally known.
In September, a fresh proposition was put forward, which aimed to escalate gambling tax from 18% to 22% based on total gaming revenue. This suggested modification, if approved, is expected to be implemented from July of the coming year. Earlier this month, Spelinspektionen shared its response to a consultation on the practice of using credit cards for gambling. The regulator agreed that betting businesses should refrain from enticing players to use credit cards for gambling but mentioned that, at present, a ban isn’t required.
More recommendations are set to be examined that could further adjust the legislation surrounding gambling in this European nation. Among them is a request to introduce steeper fines for operators who violate the Money Laundering Act. Presently, intensified penalties are implemented on gaming operators who fail to stay within the boundaries of the Gaming Act.
Nonetheless, as part of the new suggested regulations, violation penalties of the Money Laundering Act and Gaming Act could become equivalent. This is one part of a broader initiative from lawmakers to counteract unlawful activities associated with the gaming industry.
Spelinspektionen Appreciates the Suggested Modifications
In addition to proposing tougher penalties against offending gaming operators, prospective changes seek written consent for the telephonic sale of games. The changes have already been presented to the Legislative Council for thorough evaluation and ratification. If approved, these amendments would come into force from April 1, 2024.
“We appreciate the proposals in the referral, that will enable us to take further measures to solidify the regulation of the gaming market.”
Camilla Rosenberg, Director General at Spelinspektionen
The gambling authority backed the recommended alterations in a statement released on Friday. Camilla Rosenberg, the Director General of Spelinspektionen, expressed her support for the changes, emphasizing the necessity of reinforcing the regulations governing the legal gambling field. “It is indeed positive that the government is considering the Gaming Authority’s proposal to increase the penalty cap for infringements of the Money Laundering Act,” she added.
In the month of May, Spelinspektionen verified its decision to prolong the tenure of Rosenberg. This move effectively allows her to continue her duties as the Director General until October 2026. This strategic decision by the gaming regulatory authority in Sweden is pivotal considering the ongoing legislative transformation within the country’s legal gambling scene.
