Sweden is considering a ban on credit-based gambling to reduce gambling-related harm. Current restrictions under the Gambling Act only limit direct credit card use, allowing other forms of credit-funded betting. Finance Minister Niklas Wykman insists on stricter regulations to prevent gambling with borrowed money. New measures would ban directing consumers to credit agencies and accepting bets from known credit-gamblers. Both online and physical casinos would be prohibited from processing credit card payments. Operators must also discourage credit-based gambling with warning signs, without incurring excessive costs. Certain exemptions may apply for lotteries and subscription games that support good causes, provided they have strong safeguards and limited credit use. The Spelinspektionen will monitor these exceptions to ensure minimal financial harm risks. Additionally, Spelinspektionen has intensified its oversight on content promoting illegal online gambling, targeting Swedish influencers who endorse unlicensed platforms, following findings about top Twitch creators promoting illegal gambling.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com
