Swedish regulator calls for credit card gambling ban following government report

Swedish regulator calls for credit card gambling ban following government report

Article brief provided by iGaming Business
  • Richard Mulligan, iGaming Business
November 6, 2023 8:42 PM
  • Richard Mulligan, iGaming Business

Sweden’s gambling authority has called for a ban on gambling by credit card in a dissenting response to a government investigation on risky lending.

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Spelinspektionen has issued its stance on proposals raised in a report published in July by the ministry of justice. Interested parties have since been asked to comment on the Enhanced Consumer Protection Against Risky Lending and Over-indebtedness report.

The investigation concluded that the reasons against introducing a credit card gambling ban outweigh the reasons for a ban. Among the measures it proposed were a system for debt and credit registers.

In response, Spelinspektionen reiterated its legal position that the Gambling Act outlaws licence holders from encouraging players to borrow.