Swedish regulator to be assessed following significant market change

Swedish regulator to be assessed following significant market change

Article brief provided by SBC News
  • Jessie Sale, SBC News
November 27, 2023 7:54 PM

The Swedish National Audit Office, Riksrevisionen, has officially begun an audit of Spelinspektionen to assess the effectiveness of the regulator’s authority over the country’s gambling market.

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In November 2022, the market underwent a significant change after the Riksdag – the country’s highest decision-making assembly – ordered all B2B gambling companies to have a licence with Spelinspektionen by 1 July 2023 in order to operate.

Since then, the number of companies which the Swedish regulator manages has increased, with it currently standing at approximately 600 licence and permit holders.

Meanwhile, to help foster a healthier and safer gambling market, a series of measures were also introduced by the Riksdag in May of this year.