The measure proposed by the Ministry of Finance will see Sweden adopt an outright ban on all forms of credit applied to gambling transactions.
Current laws prohibit all licensed operators from processing credit card transactions, as specified by the Gaming Act of 2018, the legislative framework which re-launched Sweden’s gambling market.
Yet amendments endorsed by the Ministry of Finance have proposed that an outright ban on all forms of credit-funded payments be applied to Swedish gambling.
As such, beyond credit card transactions, licensed operators would no longer be able to process any credit-based funds such as personal loans, deferred payments, and overdrafts.
The comprehensive ban on credit transactions forms part of a package of measures proposed by the Ministry, which called for greate..