Swedish Government Informs EC of Proposed Changes to Gambling Act

Swedish Government Informs EC of Proposed Changes to Gambling Act

Changes will give more power to the Swedish gambling regulator

by - Wednesday, June 15th, 2022 10:47

EU commission

The Swedish Ministry of Finance has handed over details of its proposed changes to the 2018 Gambling Act to the European Commission (EC) for review.

The amendments to the Act come following the ‘Spelmarknadsutredningen’ independent inquiry of Sweden’s regulated gambling industry. The inquiry was carried out by Social Democrat MP Anna-Lena Sörenson in 2020.

The proposed changes include recommendations on consumer protections, safer gambling and further market integrity provisions and protocols.

Swedish Government Informs EC of Proposed Changes to Gambling Act

According to the Gambling Act amendments, all gambling operators must report any customer that is flagged as carrying out potential criminal activity to the Swedish police. Payment services providers (PSPs) will also be obliged to disclose information used in processing transactions for any unlicensed companies offering gambling services in the Swedish market.

Swedish Government Informs EC of Proposed Changes to Gambling Act

The Swedish Sports Federation will also be allowed to process operator data (if needed) to carry out investigations into match-fixing and sports corruption

The EC must now review the proposed amendments to ensure that any changes do not infringe upon EU competition rules.

The Swedish government aims to complete stage-2 of gambling market reforms ahead of Sweden’s General Elections on 9 September.

Thomas Nielsen

Gambling industry journalist with a background in online poker and trading. Covering the regulated U.S Sports industry and the exciting world of online poker.