The Swedish gambling authority announced that it plans to add new measures and evaluate current measures.
Spelinspektionen has announced in a statement on its website that the government has requested a review of the Swedish gambling market. The regulator has also confirmed that restrictions on online gambling operators will be lifted on November 14, 2021.
The regulator will also include new proposals for measures to strengthen consumer protection in the gaming market, in order to improve public health problems.
The Minister of Social Insurance, Ardalan Shekarabi, said:
“Turnover in the gaming market has increased and online gaming has probably benefited from changed consumption patterns since the reregulation. There is a risk that this has led to a long-term behavioral change with increased gambling. This is a development that should be followed up to see if there is a need for further measures”
The regulator must present a partial report on the first part of the mission concerning the assessment of the temporary liability measures for the game by March 15, 2022, which must be completed by October 31, 2023.
In proceeding with the review, Spelinspektionen should consider possible changes in consumer gambling standards as the business volume in the gambling market has increased in the country due to the demand for online gambling.
Deposits restrictions
The current restrictions imposed on Swedish licensed online gambling operators during the Covid-19 lockout period will be lifted in November.
The deposit restriction was applied from July 1, 2020, and extended several times, the regulator has placed a limit of SEK 5,000 ($600) on weekly player deposits and reduced the amount of customer bonus incentives offered by operators for SEK100 ($12) in order to protect the public from an increase in gambling addiction.
The policy was introduced as an initiative of the Minister of Social Affairs, Ardalan Shekarabi, and has been revised and expanded several times. The last review took place on May 20, 2021, when it was decided that the restrictions would run until November 14, 2021.
Gilbert Fletcher is an ex financial journalist from Cambridgeshire, England. Gilbert worked with several leading financial publications before joining Gaming Industry Media.