Swedish Gambling Authority stops unlicensed gambling company
The Swedish Gambling Authority (Spelinspektionen) has made a decision to prohibit the company Twocent Technology Limited from offering gambling services to Swedish consumers. The decision is based on the fact that the company lacks the necessary license required to conduct gambling operations in the Swedish market.
According to the Swedish Gambling Act, all operators targeting Swedish players must have approval from the authority. By offering games without a license, the company is violating the rules in place to protect players and ensure a safe gambling environment in Sweden.
The purpose of the Swedish Gambling Authority's oversight work is to combat unregulated gambling. The authority works continuously to identify and stop operators that do not comply with Swedish legislation, in order to reduce the risk of consumers ending up with unscrupulous gambling companies.
The decision means that Twocent Technology Limited must immediately cease its operations targeting Sweden. For Swedish players, this means they should be attentive to which websites they use and ensure that these have a Swedish license to guarantee their own safety.