Sweden’s National Audit Office says the results of a review into the Gambling Authority’s fitness as a regulator will be presented next September.
Spelinspektionen, the regulator, is being audited after the recent growth of the Swedish market to ensure it remains fit to oversee an increasing number of licensees in the country’s market.
Following re-regulation of the Swedish jurisdiction in 2019, the National Audit Office said expectations for the Swedish Gambling Authority’s supervision are “high.”
“At the same time, the authority's conditions for carrying out supervision have changed,” it added.
“Before the re-regulation, Svenska Spel, ATG and the four largest national lotteries accounted for over 95 per cent of turnover on the regulated market. After the re-regulation, a large number of new actors have been added and today the Gambling Inspectorate has supervisory responsibility over approximately 600 license and permit holders.
“The fact that the legislation is largely new also means that there is a lack of practice.”
