Sweden Enforces Gambling Regulations with Ban on Versus Odds BV

The Swedish Gambling Authority, Spelinspektionen, has taken a strong stance against unlicensed gambling operations. On January 2nd, 2025, they issued a ban on Versus Odds BV, prohibiting them from offering gambling services within Sweden without a valid license.

Investigation Reveals Targeting of Swedish Consumers

Spelinspektionen launched an investigation into Versus Odds BV following the discovery of Swedish-language content on their website, fortunepanda.com. This included terms and conditions, FAQs, promotional materials, and the ability for Swedish consumers to register accounts. These findings strongly suggested the platform was actively targeting Swedish users.

Versus Odds BV in Violation of Gambling Act

Under Swedish law, specifically Chapter 3, Section 3 of the Gambling Act (2018:1138), all operators offering gambling services within the country must hold a valid license. Spelinspektionen’s decision to ban Versus Odds BV reinforces these regulations, which are in place to safeguard consumer protection and promote responsible gambling practices.

Failure to Respond to Inquiry Leads to Enforcement

Despite being granted the opportunity to address the findings, Versus Odds BV chose not to provide any comments to Spelinspektionen before the ban was implemented. This lack of response further solidified the decision to enforce the ban.

Spelinspektionen’s Ongoing Commitment to Compliance

The ban on Versus Odds BV aligns with Spelinspektionen’s ongoing strategy to combat unlicensed gambling activities and direct players towards licensed operators. This action follows recent enforcement measures taken against Cosmogames in December 2024 for similar violations.

Increased Enforcement and Consumer Education

Spelinspektionen has ramped up its enforcement efforts in recent months. In December 2024, they imposed sanctions totaling SEK 59 million ($5.6 million) against four licensed operators – Snabbare, Hajper, ComeOn Sweden, and Casinostugan – for offering unauthorized bonus promotions.

Furthermore, Spelinspektionen launched their “Unnecessarily Exciting” campaign to raise awareness among consumers about the potential risks associated with gambling on unlicensed platforms. This campaign emphasizes the importance of choosing licensed operators to guarantee player protection and compliance with Swedish regulations.