Gaming Corps Gets B2B license for Swedish Market
iGaming provider Gaming Corps has been granted a B2B license to operate in the Swedish market.
Awarded by the country’s regulator Spelinspektionen, the license comes into effect on July 1, 2023, to June 30, 2028, and gives legal backing to Gaming Corps’ operations in Sweden.
The company was one of the suppliers that applied for licenses in March, following the country’s new regulations that make it mandatory for Swedish providers to be approved before July 1, 2023.
It is gratifying that more and more markets are going for clearer regulation, with a focus on healthy gambling. It is very gratifying that we received our Swedish licence and that we are approved five years from now.
The bill to implement gambling software licenses was one of the measures introduced by Sweden to combat illegal gambling. The country aims to stop unlicensed operators from using suppliers who “manufacture, provide install or change game software for game operators who have a license in Sweden.”
Under the rules, the country pegged the application fee for supplier licenses at SEK120,000. The government also revealed that it would issue roughly 70 licenses before the July 1 deadline.
What Measures Have Sweden Implemented?
Other measures that the Swedish government has implemented include payment blocking for unlicensed operators. The law requires payment providers to provide information about the bets or winnings from an illegal gambling operation to facilitate payment blocking.
A new law also gave more power to authorities to fight match-fixing in Sweden. The Swedish National Sports Confederation and related sporting bodies can now process personal data operators collect to deal with potential match-fixing offenses.