Sweden introduced regulation of Gambling Industry
Sweden has taken a serious step to regulate the gambling market. So since January 1, 2019, any casino will be able to legally operate in the Swedish market, meeting the legal requirements of the Swedish Gambling Authority.
The market has been monopolized by the state since 1934. The state intervened in the market in order to stop illegal betting activities. Since then, the Swedes could play in a few of state-owned land-based casinos.
Since moving online, Swedes have had the opportunity to play games at the only gambling company that has been operating legally. It was the state-owned Svenska Spel. Accordingly, it was the only company with a license. Naturally, it could look unfair and did not provide an opportunity for market competition.
Sweden has been concerned about market regulation since 2015. The civil minister Ardalan Shekarabi calls for an investigation on gaming re-regulation. For more than two years, the issue has been under review and the basis for subsequent conclusions has been gathered. And in 2018, the Swedish Parliament approved the new law.
All online casinos were able to apply in order to work under the new legislation since August 1, 2018. Sweden’s Lotteriinspektionen gaming regulatory body received more than 60 applications in the first two months.
“It is now time for us to move from words to action and regain control of the Swedish gambling market”, — says Minister for Public Administration of Sweden Ardalan Shekarabi.
The law entered into force on January 1. Since then leaders of the industry, who are also among the 99 best casinos rated by our website, have already become available to Swedish players.
Here are the top sites that have already received a license from the Swedish Gambling Authority:
Totally transparent casino and one of the few that provides information about the percentages of payout in the games. The casino boasts of its certificate issued by the international agency eCogra. One of the most popular sports betting platform.
This gambling institution has much to offer to its customers, including sports betting. Bethard provides you with a variety of special offers and promotions. Bonus for signing up, bonuses on your deposits and special bonuses are waiting.
100% secure payments. Fast and unlimited withdrawals. New promotions each week. Casumo presents and provides games from the most prestigious, distinguished and well-known producers of gaming software in the gaming world industry with more than 860 games to choose from.
One of the best on the British market. Good conditions, cool bonuses, unbelievable games from various manufacturers, powerful support service and other benefits. More than 900 different casino games, most of them are mobile-oriented.
Gambling house that cares about its customers and reputation. One of the widest range of games. Good diversification of welcome bonuses and good promotion programs with cool prices and cool reminding system.
One of the best providers of the European online casino market, whose high status was confirmed by leading industry specialists at international exhibitions. In addition, it's also an excellent bookmaker's office and poker room.
Non-standard gambling establishment due to outstanding design. Every step made is rewarded: collect bonuses, free spins and special coins to be spent in Vera and John shop or for ongoing gambling.
In any case, the purpose of licensing is to ensure the safety of players. Thus, the license can only be obtained online casinos that have passed technical testing. This means that all games are supplied by proven developers, as well as the fact that the casino has no opportunity to influence the results of the games.
However, Sweden authority says that the security of gambling systems will be checked at least every 12 months.
Lotteriinspektionen insists on providing open information to players, which can be found in the dedicated guide for applicants for a license.
Since January 1, 2019, the gambling market in Sweden is no longer the prerogative of public institutions alone. The Swedish Gambling Authority is responsible for the licensing of new and existing participants of the gambling market, and its main function is to ensure the casino’s legitimacy and safety of gamblers. The Swedish Gambling Authority is under the control of the Ministry of Finance and its Council is appointed by the Government. One of the goals is to create a safe and secure gaming market. The regulatory authority is responsible for national lotteries, slot machines, restaurant casinos and some bingo permits. The Swedish Gambling Authority is also working on clarifying Swedish law.
If the monitoring of casinos in Sweden is carried out and the authority suspects possible violations, it is empowered to inform the police and the prosecutor’s office. Thus, The Swedish Gambling Authority can indirectly verify the existence of one of six possible licenses: State-owned games, Public purpose games, Commercial online games, Betting, Commercial landbased games and Cruise ship games.