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Industry
May 29, 2024
bet365 and SGA Have Appeals Over 2021 Penalty Fee Rejected
Leading global betting brand founded in 2000, bet365, and the Swedish Gaming Authority (SGA) have had their appeals on a dispute originating in 2021 rejected by a Court of Appeal in Jönköping. Backstory On March 28, 2020, the sports betting brand that currently employs 7,000+ people and counts more than 90 million customers worldwide provided […]
Industry
May 28, 2024
Court Revokes Spelinspektionen’s Cease Order against Zimpler
Zimpler, a provider of payment solutions, has successfully appealed an order from the Swedish regulator (Spelinspektionen) to stop providing its BankID services to unlicensed companies. The development follows an order issued in 2023. On July 6, 2023, the Spelinspektionen ordered Zimpler to cease providing BankID payment service solutions to gambling companies that are not licensed […]
Business
May 28, 2024
Swedish Court of Appeal Lowers Sanction against Kindred from 2020
One of the largest iGaming operators across the globe, Kindred Group, secured a partial win in an ongoing dispute in Sweden over a sanction it received several years ago. On Monday, the Group confirmed the Administrative Court of Appeal in Jönköping reduced the penalty imposed against the company in 2020, which was SEK 100 million […]
Industry
May 22, 2024
Spelinspektionen Approves Ban on Credit Cards in Gambling
The Swedish Gambling Authority (Spelinspektionen) has published an official response to FI2024/00442, a government measure that would ban gambling on credit. The credit card ban has been discussed for several months now and is a measure that has the regulator’s backing. According to director general Camilla Rosenberg, the Spelinspektionen believes that the ban on gambling […]
Industry
May 22, 2024
Spelinspektionen Bans WiseAvant OÜ over Unlicensed Betting
The Swedish Gaming Authority (Spelinspektionen) has banned WiseAvant OÜ, which provided games of chance to Swedish customers without possessing the necessary license. This is notably the sixth unlicensed operator the authority has banned this year. According to the Spelinspektionen, WiseAvant OÜ’s website organized lotteries with video game skins. Skins gambling is a controversial emerging vertical […]
Industry
May 3, 2024
Sweden to Introduce New Anti-Match-Fixing Measures from July 1
Swedish lawmakers have unveiled new measures to reduce match-fixing and maintain the integrity of sports betting. Speaking at a joint press conference, the country’s financial markets minister, Niklas Wykman and Spelinspektionen’s director general, Camilla Rosenberg, said that the new measures would come into force on July 1, 2024. Under the current system, sports leagues, betting […]
Industry
March 28, 2024
Sweden Bans Three Gambling Companies, Including Two Skins Betting Brands
Sweden’s gambling regulator, the Spelinspektionen, announced that it has taken action against three gambling operators. As announced, the authority has banned two companies that operated without a license and a company that, in addition to lacking the necessary license, actively promoted its content to Swedish audiences. According to the Spelinspektionen, two of the banned companies, […]
Industry
March 26, 2024
Spelinspektionen Fines Svenska Spel $9.5M for Failures
Svenska Spel Sport & Casino, which is the online branch of the state-owned Swedish gambling operator, has been fined SEK100 million ($9.5 million) for several failings related to player duty of care. Improper Player Safeguards, Says the Regulator The penalty fee resulted at the end of an investigation that took place between October and December […]
Industry
March 25, 2024
Yggdrasil Fined in Sweden for Providing Software to Unlicensed Operator
The Swedish Gaming Authority (SGA) has levied a SEK300,000 ($28,350) fine against Yggdrasil for supplying software to an online gambling operator that lacked a Swedish license, marking the first such penalty under the new B2B licensing requirements. This case serves as a warning to the broader industry, signaling that the SGA will not tolerate licensed […]
Industry
March 22, 2024
Spelinspektionen to Assess Accounts Used for Criminal Activities
According to a new government mandate from the Swedish authorities, the country’s gambling authority, Spelinspektionen, has been asked to assess all the risks tied to gambling accounts that are used for money laundering and other similar types of criminal activities. Proposals to Be Drafted After the Assessment At the end of the thorough reviewing process […]