Sweden has initiated a review of its Gambling Act to address the growing black market for online gambling.
The Swedish government has acknowledged that despite legalizing online gambling in 2019, illegal operators continue to target Swedish players, posing risks to both consumer safety and the regulated market.
The review will focus on strengthening the regulatory framework, ensuring better consumer protection, preventing gambling addiction, and improving transparency.
By tightening regulations, Sweden aims to make it harder for unlicensed operators to thrive while creating a safer environment for players.
This review is expected to bring about significant changes to the country’s gambling laws in order to tackle the issue of black market gambling more effectively.
Sweden is launching a review of its Gambling Act to address several pressing issues that have emerged since the legalization of online gambling in 2019.
Here are the key reasons behind the review:
Rising Black Market Activity: Despite the establishment of a regulated gambling market, unlicensed, illegal operators have continued to target Swedish players.
This undermines the integrity of the legal market and poses significant risks to consumers, including exposure to unsafe gambling practices and a lack of consumer protections.
Consumer Protection Concerns: Sweden wants to ensure that players are properly protected, especially in the face of rising concerns about gambling addiction and the safety of online gambling platforms.
The review will look into how to better safeguard vulnerable individuals and improve the support mechanisms for those affected by gambling-related harm.
Regulatory Gaps: The Swedish government acknowledges that the existing framework may not be fully equipped to tackle the challenges posed by illegal gambling, especially with the rapid rise of digital gambling options.
The review is expected to propose stronger regulations to plug gaps and strengthen enforcement against illegal operators.
Increasing Competition from Black Market Operators: Legal operators are facing competition from the growing number of unlicensed gambling websites that attract Swedish players with better bonuses, fewer restrictions, and sometimes lower odds.
This trend has made it harder for licensed operators to compete while also eroding the Swedish government’s control over the market.
Ultimately, Sweden’s review of the Gambling Act is aimed at creating a safer, more transparent gambling environment while addressing the growing influence of the black market.
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