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Sweden is stepping up its fight against gambling-related debt with a new proposal to tighten its rules. The government wants to close all loopholes in the current credit ban, making sure people can’t gamble using borrowed money in any form. The goal is clear: reduce the risk of financial harm linked to gambling.
Sweden Moves to Strengthen Gambling Credit Ban
Sweden is looking to tighten its gambling laws by closing gaps in the current rules around credit use. Right now, the law bans gambling with credit at the point of sale, but players can still use things like credit cards or personal loans – as long as the gambling operator isn’t the one giving the credit.
What the New Proposal Would Change
The new proposal would change that. It would ban all gambling funded through borrowed money, no matter where the credit comes from. This means operators, both online and in-person, wouldn’t be allowed to accept bets made using credit cards or any kind of loan. They’d also have to turn away customers they know are using borrowed funds to gamble.
On top of that, gambling companies would need to avoid promoting credit use in their ads – whether online or in physical spaces. It’s all part of a broader push to protect players from financial harm linked to gambling.
Operators Must Identify and Reject Credit-Based Bets
Some lottery operators might be excluded from these new rules, but the government hasn’t shared full details on that yet. The credit ban proposal is part of Sweden’s broader plan to strengthen its gambling laws. Back in February, the Swedish Trade Association for Online Gambling (BOS) asked the Ministry of Finance to update the Gambling Act to better match today’s gambling habits and improve player protection.
Then in April, Sweden’s Gambling Authority (Spelinspektionen) released a report pushing for changes to fix gaps in the current online gambling rules. The new credit ban is a direct response to that report, aiming to stop people from using borrowed money – like loans or third-party financing – to place bets.
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