Sweden told to close Gambling Act loopholes exposed by black market

by SBC News
3 minutes read
Branschföreningen för Onlinespel (BOS), the Sweden Online Gambling Trade Association, has called on the Ministry of Finance to amend loopholes in the Gambling Act 2018.

The trade body believes that Swedish online gambling is currently exposed to a massive influx of unlicensed gambling offers targeting national consumers.

Liabilities are facilitated by the Gambling Act only applying to licences that conduct gambling by offering Swedish language and transactions in Swedish Krona.

The legislation ignores the fact that Swedish consumers can easily choose to play on unlicensed alternatives offering the euro (€) (or others), with no Swedish content – a condition that avoids regulatory scrutiny.

Gustaf Hoffstedt: BOS
As cited by BOS: “The decisive factor is whether the gaming site has text in Swedish or offers deposits and winnings in Swedish currency and that this must be determined by an overall assessment on a case-by-case basis.”

As such, BOS argues that the Gambling Act contains fun..

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