Swedish Regulator Gets Funding Boost for 2024

Sweden's government revealed this week that it plans to allocate an extra SEK10.8 million to gaming regulator Spelinspektionen, which will be used to combat unlicenced betting in the market.

The regulator has been focusing on fighting offshore gambling operators who provide services in the country, and the group's work has seen fines issued as well as some groups pulling out of the market altogether. As part of the group's continued success, Spelinspektionen will be working with the Financial Supervisory Authority to help crack down on unlicenced betting.

Additionally, Spelinspektionen has been working to protect the integrity of sport in the country, as they track suspicious betting patterns and the like.

Regarding the boost, Sweden Financial Markets Minister Niklas Wykman said, "There must be strong consumer protection in the gambling market. With this investment, Spelinspektionen can enhance supervision. In addition, the cooperation with the Financial Supervisory Authority can open up new opportunities to block payment to and from illegal actors, something that can play an important role in the work to combat criminal activity."