Kindred Submits its Opinion on Memorandum on Enhanced Player Protections

Kindred has submitted its opinion on the memorandum on enhanced player protections as a result of Covid-19.

On 23 April, the Swedish government presented a draft regulation for how to strengthen player protections as a result of Covid-19. In its opinion, Kindred highlights its concerns over a sharply reduced gambling market and weaker consumer protections as a result of the government’s proposal.

“We are extremely concerned that the Swedish gambling market continues to shrink, a trend confirmed by both the Swedish Agency for Public Management (Statskontoret) and research firm Copenhagen Economics. What the government is now proposing will result in a continued decline in the gambling market and an erosion of consumer protections,” Henrik Tjärnström, CEO Kindred Group, said.

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“We need to be careful about introducing regulations that move customers away from regulated gambling companies towards unlicensed sites where Swedish authorities have no ability whatsoever of ensuring a high consumer protection. This is a negative development for customers, for the licensed gambling companies, and for society as a whole,” Henrik Tjärnström added.