Swedish gambling market overhaul submitted to European Commission

[The Buzz]

Sweden's gaming regulator, Lotteriinspektionen, has prepared new legislation that will make it mandatory for all online operators to obtain a license before offering any gambling services in the country. The new regulation is being put in place to "protect the best interests of the country and its people, particularly gambling participants." A draft of the new gaming regulation was finalized last week.

From TightPoker.com:

Right now, the Swedish gambling market is a wild west of sorts with little to no regulatory oversight. It’s the intention of Ardalan Shekarabi, the Minister for Public Administration, to draft up a new bill to regain control of this gambling market. According to the regulatory body of Lotteriinspektionen, their recent figures suggest that online operators that are internationally licensed control a quarter of the overall gambling market of Sweden.

Sweden’s current administration confirmed that they’ve recently sent a copy of the draft gambling law to the European Commission (EC) for vetting. There is a formal standstill period which is scheduled to end on March 20, 2018. If the European Commission has any concerns over the proposed draft bill, it will highlight the same and ask Sweden to make the necessary amendments. However if no concerns are raised during the standstill period, then Sweden will proceed with the bill.

The Swedish government has confirmed that it will start to accept applications for new gambling licenses from July 2018. The new gaming market is expected to launch on January 1, 2019.

Read the entire article here: https://www.tightpoker.com/news/swed...mission-12324/

[Triple7]

Sweden's gaming regulator, Lotteriinspektionen, has prepared new legislation that will make it mandatory for all online operators to obtain a license before offering any gambling services in the country. The new regulation is being put in place to "protect the best interests of the country and its people, particularly gambling participants." A draft of the new gaming regulation was finalized last week.

From TightPoker.com:



Read the entire article here: https://www.tightpoker.com/news/swed...mission-12324/

Did I understood well that you can end up in jail if you're promoting unlicensed brands to Swedish players?