SBC News Voice of the Sports Betting Industry
Responding to licensee queries, Swedish gambling inspectorate Spelinspektionen has issued new guidance for virtual sports content and simulated events, in the absence of a traditional sports programme.
Spelinspektionen clarified that Swedish sportsbooks require no further licensing arrangement to offer virtual sports content to customers.
The regulatory authority underlined that all virtual sports content serviced by bookmakers must be provided by a Spelinspektionen licensed software provider.
In its statement, Spelinspektionen detailed that licensees offering virtual sports content must be in accordance with Chapter-8 of the Swedish Gambling Act.
“The Gaming Act is not limited to what betting forms can be provided within the license, regardless of the betting forms that the applicant crossed in his application. However, the terms of the license indicate which types of betting must not be offered,” Spelinspektionen informed licensees.
Any licensees that seek to expand their gaming portfolios with virtual sports content must inform the inspectorate of changes undertaken to their product inventories in-line with Swedish licensing conditions.
Technical provisions will require licensees to amend ‘technical documentation’ with regards to virtual sports content suppliers, allowing Spelinspektionen to track market developments and operator services.
The inspectorate reminded licence holders that certification must be kept up to date with all games and product verticals provided by licensees
