Earlier this year the Swedish government formally introduced legislation to re-regulate the country’s gambling market. As anticipated, this has been approved and passed its final review by the Swedish Parliament on 7th June 2018.
This means that the licensing process for online gaming, which is now open to domestic and foreign operators, is expected to begin on 1st August 2018.
Set to enter into force on January 1st 2019, the proposed new gambling act and licence system provides that companies operating in the Swedish gambling market must have an authorised licence. Those that operate without a licence will be shut out.
Secondary provisions of the Gambling Bill are still being scrutinised by the European Commission with further additional rules and standards expected to be introduced by Lotteriinspektionen ahead of 2019.