However, the proposal has received pushback, as the Swedish Trade Association for Online Gambling – Branschföreningen för Onlinespel – has expressed disappointment in the government’s decision since it will hand “another competitive advantage to the unlicensed gambling market”.
According to a statement on the Regeringskansliet’s website, the Ministry of Finance’s memorandum proposes a more comprehensive credit card ban for gambling to “prevent gambling for money from leading to indebtedness” since gambling problems and over-indebtedness are closely connected.
Niklas Wykman, Minister of Financial Markets, stated: “Gambling for money on credit can lead to great financial difficulties. Therefore, we are now stopping that possibility.
“It is not reasonable for gambling companies or gambling agents to contribute to individuals taking such la..