Minna Ripatti, Legal Advisor and Founding Partner of Legal Gaming, discussed the most notable changes with Gambling Industry News.
PSP blocking scheme
This is a new addition to the law that allows The National Police Board (NPB) to block payments to gambling operators and individuals that have breached marketing prohibitions in the Lotteries Act (1047/2001).
The NPB has been informed that it will be allowed to start compiling a payment blocking list (black list) in 2022. However, blocking will only begin in early 2023. Only payments from residents of Finland to the blacklisted operators will be blocked. Any payments from the operator to the player will still be allowed to go through ensuring that players can withdraw their funds after an operator is blacklisted.
An administrative penalty system
Finland Approves Payment Service Provider Blocking in Gambling Law Reform BillMore resources to the NPB
Finland Approves Payment Service Provider Blocking in Gambling Law Reform BillIt remains to be seen how the NPB will allocate its supervision resources in the future. However, it will undoubtedly pay more attention to the marketing activities carried out by private individuals (influencers etc.).
What this means in action is that affiliate activities will most certainly be under the close scrutiny of the NPB.
Affiliates
Affiliates in the space have welcomed the news.
Finland Approves Payment Service Provider Blocking in Gambling Law Reform Bill
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.