The gambling regulator in Sweden has threatened an SEK25m (£1.79m) fine on a Swedish fintech company which it says is offering payment solutions to gaming companies that lack a Swedish gaming licence.
Spelinspektionen says its investigation has found that Zimpler is offering solutions containing BankID to unlicensed companies.
It says it has given Zimpler until July 31 to stop offering the product in this way or face an SEK25m fine.
“In light of the fact that BankID is an e-identification service that is only used by Swedish customers, the Gambling Inspectorate assesses that the gambling companies are targeting the Swedish market,” a statement read.
“The Swedish gambling regulations are based on the fact that everyone who acts on the Swedish market must have a license and that actors without a license must be shut out,” the regulator added.
“The aim is for gambling to be channelled to offers from responsible, reliable and controllable actors.”
Spelinspektionen says that on May 23 this year, Zimpler said its actions do not constitute unauthorised promotion but that it will end its relations with EU-licensed gaming companies without a Swedish licence, which it said accepts Swedish customers. Zimpler said this process would be completed at the latest in Q3.
However, the regulator said, among other responses, that “none of Zimplers’ customers” can be found on its list of companies, therefore it has deemed the offering unlawful in the Swedish market.
