Sweden is preparing to introduce a far-reaching ban on gambling with credit in a move aimed at protecting consumers and promoting a more sustainable gaming environment. Under the newly proposed legislation, gambling operators and agents licensed in Sweden would be strictly prohibited from accepting any bets financed with borrowed money, whether through credit cards or third-party credit providers.
Expanding the scope of existing restrictions:
The proposed changes build on the current Gambling Act, which already restricts certain credit-based transactions but has, according to the government, left significant gaps that enable players to gamble with credit from sources outside the scope of regulated operators.
As it…