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The Swedish Government has introduced a new gambling law, including updated regulations for the gambling market. The draft law has already been submitted to the European Commission for consideration and will enter into force on January 1, 2019.
The new gambling rules should be designed as a licensing system, whereby all those who provide games on the Swedish gambling market must be licensed. Unlicensed providers going forward will not have the right to provide games. The law will apply to all gambling in Sweden, including online.
It is also proposes a new gambling tax on licensed games of 18%. Games for public/social purposes (“allmännyttiga ändamål”) shall continue to be tax exempt. Licensing for activities will be issued for a period of 5 years. Operators who do not adhere to license obligations will be fined 10% of the annual income. The activity without a license will be punished with more significant fines or imprisonment.
