Swedish regulator, Spel Inspektionen warned online payment processors by letter to stop offering services to casino brands that don’t hold an official license to operate in Sweden. According to the new Gambling Act, which was voted by the Swedish Parliament last year and came into effect on January 1st, only licensed and fully regulated operators can offer services in the Swedish territory. From this date on any operator that doesn’t hold a license granted by Spel Inspektionen and continues to target Swedish players will be considered an outlaw and their services will be criminalized.
However, unlicensed operators aren’t the only ones that will be slapped by the Swedish regulator. Online payment processors have to comply with the new regulations as well and cease providing unlicensed operators with their services. The letter of Spel Inspektionen stressed the fact that Swedish consumers may be exposed to harm if they are allowed to play at unregulated operators that don’t respect consumer protection rules such as the self-exclusion scheme of Spelpaus.
Since the “cowboy” operators don’t have access to Spelpaus, they are unable to get access to the list of self-excluded players. If online payment providers continue their partnerships with unlicensed operators, they will find themselves in unpleasant situations such as being accused of creating unfair competition in the gambling landscape or even impeding anti-money laundering policy. Consequently, they will draw the risk of being found guilty of taking part in various criminal offenses. Promoting unlicensed gambling and putting the Swedish consumers’ financial wellbeing and mental health in danger, to name a few.
The letter of Spel Inspektionen concludes with the warning that whichever online payment processor continues to facilitate such casinos will be linked with allegations of infringing the Gambling Act.
If you were wondering what sites are legal in Sweden, here’s an updated list with the top licensed Swedish online casinos.