Swedish gambling regulator, Spelinspektionen, has called for a new partner to help deliver a number of verification services on operators applying for licences across the newly regulated market.
The new partner is hoped to collect information on a potential applicant’s business structure, company information and ownership structure, which will also cover company governance, as well as the applicant’s physical addresses.
As well as surveying new applicants, the new partner will also be carrying out a monitoring service on operators that already hold licences in Sweden. The regulator has not yet specified just how many investigations will be carried out as part of the new deal, but it is estimated that this figure could reach 50.
The Swedish regulator has followed through on a number of initiatives which has monitored and clamped down on both illegal and unlicensed operators.
Aspire Global, Genesis Gaming and Paf Consulting have all been reprimanded by the regulator in recent months for failing to adhere to the country’s self-exclusion scheme which was introduced in January 2019.
Other operators, who have not yet been named, have also been fined for allowing betting markets on a football match featuring underage players. Swedish law strictly prohibits the wagering of bets on matches featuring players or athletes who are not yet of a legal gambling age – which is currently 18.
The game in question relates to a match that had taken place between IFK Göteborg and AIK in Sweden’s top-tier club competition, Allsvenska. The regulator subsequently emphasised that each of the operators in question would be subject to special supervision from the regulator to ensure that they would not commit similar offences.