Spelinspektionen stops gambling operator Twocent Technology
The Swedish Gambling Authority (Spelinspektionen) has decided to prohibit the company Twocent Technology Limited from offering gambling services to Swedish consumers. The authority has reviewed the company's operations and concluded that they are targeting the Swedish market without holding the license required under Swedish law.
According to the Swedish Gambling Act, all companies wishing to offer gambling for money to individuals in Sweden must hold a valid license from the Swedish Gambling Authority. By lacking this license, the company is violating the rules in place to protect Swedish players and ensure a safe gambling environment.
The decision means that Twocent Technology Limited is no longer permitted to market its services or accept wagers from Swedish players. The Swedish Gambling Authority is actively working to monitor the market to stop operators that function without authorization, which is a key part of the authority's mission to combat unregulated gambling.
The authority emphasizes the importance of players using only licensed operators. Players who choose unlicensed sites lack the consumer protection offered by Swedish legislation, which can pose significant risks to the individual.
This prohibition is part of the authority's ongoing work to create a safe and legal gambling market in Sweden. The Swedish Gambling Authority will continue to monitor compliance with the decision and take further measures if it becomes apparent that the company is continuing its operations toward Sweden.