- The Trade Association for Online Gambling in Sweden has welcomed Niklas Wykman, the new minister of financial markets
- Wykman will be responsible for setting up and implementing policies with an impact on the gaming industry
- He will also oversee Sweden’s gaming regulator
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Last month, the Swedish Trade Association for Online Gambling, Branschföreningen för Onlinespel (BOS) expressed hope that the newly elected government would show more interest in commercial companies and eradicate certain gambling restrictions. Now, the industry’s trade body has given a warm welcome to Nyklas Wykman, the country’s newly elected minister in charge of gaming policy.
Wykman Will Oversee Sweden’s Gaming Regulator
Before being given the prestigious position as the country’s new Minister of Finance by newly installed prime minister Ulf Kristersson, Wykman was a special adviser on tax issues for the country’s former Minister for Finance. Wykman has also been a Moderate Party member of parliament for eight years. In his new role, he will set up and implement policies that will influence the country’s gaming industry. At the same time, he will be responsible for overseeing Sweden’s gaming regulator, Spelinspektionen.
While its relations with the previous administration were not the warmest, the BOS wishes for the new minister to adopt a more favorable position in regard to gambling activities in Sweden.
BOS’ secretary general Gustaf Hoffstedt expressed the trade association’s interest in “having a discussion” with Wykman regarding the way the nation’s gambling policy can be grown to its full potential.
Hoffstedt also wanted to send a few additional messages related to the political and business importance of the gaming industry. He further explained BOS would convey a series of “important messages” during the discussions with the newly elected minister. One of them would focus on the need to protect licensed gambling operators from the effects of unlicensed companies out on the market. Another point of discussion would be related to the need for the state to make new legislation that everyone would have to follow instead of “acting as a commercial gambling company” on its own.
Wykman to Observe the Final Steps of the Stage-2 Gambling Reform
Wykman will also oversee the final proceedings of the State-2 reform of the country’s gambling marketplace. The reform was imposed by the government prior to the relaunch of Sweden’s online gambling marketplace that has been updated in 2019.
The gambling market inquiry Spelmarknadenutredningen initiated the reforms asking for certain licensing regimes for game developers and software suppliers. Additional recommendations included the need for the government to strengthen all advertising safeguards. In this regard, the country was recommended to apply a 06 AM to 9 PM block on online casino ads. Other changes would feature a need for “constitutional safeguards” to be enforced on the Gambling Act, asking future governments to obtain approval from the parliament for any upcoming changes in gambling regulations.