Sweden’s gambling regulator to be tested for effectiveness

Sweden’s National Audit Office (Riksrevisionen) has launched an audit of gambling regulator Spelinspektionen. The aim is to find out whether the regulator is coping effectively with its responsibilities.

The Swedish gambling market underwent significant changes in November 2022. Then the Swedish Parliament (Riksdag) obliged all companies in the B2B casino entertainment sector to obtain Spelinspektionen licenses by July 1, 2023 to legalize their activities. Since then, the number of market players reporting to the Swedish regulator has increased significantly. Currently, there are about 600 licensees and permit holders.

In May 2023, Parliament introduced a number of additional measures to create a healthier and safer gambling market. These include combating manipulation in the sports betting sector and blocking payment services for unlicensed gaming companies.

The Riksrevisionen noted that all operators in the country are required todid not require authorization when the Swedish gambling regulation principles were revised in 2019. The objectives of the changes were to regain control over the gambling industry, increase distribution channels and protect local consumers. Also, the control and audit office said that the regulatory changes were relatively new, so there was a lack of practice and therefore no audit.

The audit of Spelinspektionen will be conducted in two phases. The first, preparatory phase, involves designing and planning the audit. The second stage will involve the direct collection and analysis of information.

The Audit and Compliance Office plans to publish a performance review of Spelinspektionen in September 2024.

Of note: Tulalip Resort Casino in Washington, D.C. announced a renovation and expansion.






Leave a Reply