According To Egba, Sweden Laws Can Displace Online Gambling On The Black Market
In accordance with the statement of egba (european association of gambling and rates), the overall success of the swedish regulations governing the internet is under threat due to permanent regulatory changes.
The study of the gambling market, created to consider additional measures to the swedish law on gambling, which reformed the online gambling market in the country in 2019, presented additional restrictions on licensed swedish gambling companies, including a new risk classification for customers and additional marketing restrictions.
Despite the fact that the report has suggestions that can be welcomed, including the introduction of licenses of b2b and b2c games providers, the european gambling association and rates (egba) is concerned that the frequency and scope of regulatory changes in sweden will threaten the overall success of regulation online -gambling in the country and its ability to provide the swedes safe, attractive and adjustable online environment in which the can bet.
Egba supports regulated online gambling markets, but permanent proposals for changing the swedish law, which was introduced less than two years ago, create policies for licensed companies in the country. Egba previously expressed concern about the introduction of temporary restictions on deposits for online casinos, which will now be extended until the summer of next year. General limits for deposit, despite their good intending, encourage many customers, including susceptible to problemary behavior, to leave the regulated market and play on the black market websites that allow to circumvent restrictions.
Risks to protect consumers from gambling in the black market are very real, especially for vulnerable customers: these websites are easily accessible, do not apply any restrictions or responsible measures for gambling (for example, self-slip registers, such as swedish spelpaus scheme).
According to a recent study, 40% of online casino customers in sweden and 34% of customers wh make sports rates already playing unlicensed websites and black market websites or consider it to do so in the future. Given the risk associated with gambling business in the black market, egba calls on swedish politicians to take into account the need for a fragile regulated balance, as well as possible causes and consequences of further restrictions on the licensable and regulatory sweden market.
"Egba members, including bos, assume overall responsibility for customer protection, and we constantly think about what can be done more, butt what can be done to protect customers iso to ensure that they play on the regulated market with companies, who have a license in sweden and apply consumer protection laws. The cumulative effect of increasing restrictions on the swedish market will be a decrease in channels and an increase in the black market. Despite the best motivations, it will clearly lead to reverse results and damage the security of the consumer,
– noted maarten hyer, egba secretary general.
The swedish trade association online gambling (branschföreningen för onlinespel) is a member of egba and represents more than 20 gambling companies and game developers working in sweden.
Source: official site egba