Spelinspektionen receives an increase in funding
The Swedish Spelinspektionen has recently received an increase in its funding to help fight unauthorized gambling.
The magnitude of the latest funding increase is about 2.4 million Swedish Kronas, which is just under 230 thousand US dollars. The Swedish government came to this decision for a number of factors, with the most prominent one being the large increase in the Spelinspektionen’s workload due to a larger amount of recent license applications.
Moreover, the Swedish government has also submitted a bill to enable the Spelinspektionen to more easily restrict payments to illegal gambling operators, which will give it enhanced powers to ensure the safety of Sweden’s iGaming market.
The Sweden Democrats, one of the country’s major political parties, played an important role in the passing of the two decisions, as they are a result of agreements between the party and the Swedish government.
Angelika Bengtsson, the spokesperson for sports policy at Sweden Democrats, commented:
“To protect at-risk gamblers and fight against various criminal activities, the Spelinspektionen needs to further enhance its supervision efforts. The restriction of unlicensed gambling is intended to combat organized crime and improve player protection.”
The Swedish Minister of Financial Markets, Niklas Wykman, remarked:
“We should strive to completely eliminate illegal gambling organizations from our country, as they can cause a lot of harm to Swedish players. Through its newly increased funding, the Spelinspektionen will be able to enhance its restriction efforts and utilize its powers more effectively to block unauthorized companies from the country.”
Spelinspektionen’s funding increase will come from the Swedish parliament’s spring 2023 budget and will be finalized and allocated to the regulatory body in the near future.