Spelinspektionen Grants Kambi Group Plc B2b License
LISTEN TO THIS ARTICLE:The Swedish Gambling Authority (Spelinspektionen) has granted Kambi Group plc, the sports betting firm, a license. The license means that the company is able to continue providing its sports betting technology and services to operators in Sweden.
The Swedish Gambling Authority announced the license last week, and it enables Kambi to continue supplying its products to the market’s sportsbook operators for five more years from 1 July 2023.
Sweden introduced new laws last year that require gambling suppliers to apply for new licenses to provide their products in Sweden. The law was introduced as part of the country’s efforts to tackle the gambling black market and improve player channelization.
Kambi is listed on Nasdaq First North Growth Market in Stockholm, and it has a presence in more than 50 regulated markets. In 2022, 94% of the company’s revenue came from markets that have implemented local regulatory frameworks.
We are pleased to have obtained the necessary B2B gambling permits for Sweden, which, given Kambi’s heritage, has long been one of our most important markets. This further showcases our commitment to upholding the utmost standards of compliance and regulatory requirements, which is a cornerstone of Kambi’s success as the world’s leading B2B sportsbook.
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