Betting Companies Without a Swedish License

Are you wondering whether you should use a Swedish-licensed betting company? If so, this article will cover the regulations for betting companies without a license in Sweden. Read on to find out which ones to avoid. Bonuses, convenience, and tax-free winnings are all important factors. Also, look for bonuses that are not applicable to Swedish residents. The Gambling Act of 2019 does not allow these incentives. But there are other reasons to avoid betting companies without a Swedish license.

Regulations for betting companies without a Swedish license

In Sweden, betting companies that operate without a license are not allowed to offer betting services like https://bastaspelbolagutanlicens.com/. This is due to concerns about responsible gambling. The rules prohibit companies from offering betting credits, free or trial games, and games with outcomes different from the ones that bettors have placed. Furthermore, betting on individual performances and fouls will be prohibited from January 2021. In addition, the regulations prohibit betting companies from offering betting services to minors.

Convenience

In Sweden, betting companies are not required to obtain a license in order to operate. However, the Swedish Gaming Inspectorate has strict rules about the operation of gaming operations, and these rules must be abided by any company in Sweden, even if they don't operate in Sweden. AB Svenska Spel, a state-run company, has 53% of the market, while foreign companies account for the remaining 47%. Without a Swedish license, betting companies are unable to conduct marketing campaigns in Sweden and may reduce the number of new customers. Moreover, these marketing campaigns violate the EU antitrust laws.

Bonuses

If you're a Swedish citizen, you may be wondering whether bonuses at betting companies outside Sweden are legal. The Swedish Gambling Act addresses the issue in Section 9 of the law. A bonus is a financial incentive that a player can earn on the site. It must be directly linked to the game in which the player participates. Bonuses at betting companies without a Swedish license are illegal and you should avoid them at all costs.

Tax-free winnings

Gamblers who play at online casinos in Sweden must first make sure that the online casinos they choose are licensed. Generally, players can enjoy tax-free winnings from casinos that have a Swedish license, but this is not the case for all casinos. The gambling industry in Sweden has undergone a lot of changes recently, but most casinos have still managed to maintain their tax-free status. In this article, we will examine the difference between licensed and unlicensed gambling companies.

Age restriction

It is illegal to operate a betting company in Sweden without a Swedish license. However, this is not completely unheard of. Sweden's Gambling Act contains several general restrictions for license holders, such as that they cannot offer credit, provide free or trial games, or offer gambling activities with different outcomes than the bets placed on them. Underage players are also prohibited from participating in some lottery and gaming activities, and advertisements must make it clear that they must be at least 18 years old.

Read more: Betting Without Account