Sweden’s gambling regulator nets funding boost from government

Sweden’s gambling regulator nets funding boost from government

Article brief provided by iGaming Business
  • Richard Mulligan, iGaming Business
September 14, 2023 8:36 PM
  • Richard Mulligan, iGaming Business

Sweden’s gambling regulator, Spelinspektionen, is set for a funding boost to ensure it meets Europe-wide commitments to counter match-fixing.

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The government plans to increase Spelinspektionen’s budget over the next three years. It is to receive SEK10.8m ($970K) in increased funding in 2024. It will then receive SEK15.6m in 2025 and SEK18.6m in 2026.

The grant will ensure Sweden meets the requirements of the Macolin Convention of the Council of Europe regarding the manipulation of results in sports, the government said.

The increased budget will also assist the body in restricting illegal gambling, with plans unveiled to work more closely with the Finansinspektionen financial supervisory authority.