Compliance Updates

Swedish Government Proposes a New Ban on Gambling on Credit

Published

on

Reading Time: minute

 

The Swedish government has proposed a new expanded ban on gambling on credit.

By preventing gambling from being financed with credit, the government wants to reduce the risk of over-indebtedness and protect consumers from ending up in financial difficulties.

The government’s proposal means that licensees and gaming agents will not be allowed to allow or participate in the financing of gambling with credit. This means that the current credit ban will be expanded to include, among other things, that licensees and gaming agents will not be allowed to:

Advertisement

• Enable players to enter into credit agreements with other parties when purchasing games, for example by linking to credit providers in connection with online gaming.

• Accept gambling bets if they know that the player is financing the bet, or their gambling in general, with a credit.

• Accept credit card payments if it is immediately apparent at the time of purchase that the payment is a credit card payment. This should apply both online and in-store.

The new rules are proposed to come into force on April 1, 2026.

The post Swedish Government Proposes a New Ban on Gambling on Credit appeared first on European Gaming Industry News.

Advertisement

Trending

Exit mobile version