Swedish Gaming Authority Grants 1×2 Network B2B License Amidst Regulatory Changes
1×2 Network, a software developer with existing authorizations in the UK and Romania, has been granted a permit by the Swedish Gambling Authority (SGA) to offer business-to-business gaming services in Sweden. This marks a crucial milestone for the firm, which seeks to broaden its presence in regulated online gaming sectors. Chief Executive Kevin Reid conveyed his enthusiasm, noting that the authorization will enable 1×2 Network to evolve into a more extensively disseminated provider within the Swedish market.
This development follows a comparable proclamation from Hacksaw Gaming, another entity that recently secured its Swedish business-to-business gaming license. Hacksaw Gaming CEO Marcus Cordes underscored the significance of swift action within the competitive arena, emphasizing their favorable standing in the rapidly expanding Swedish market.
Concurrently, the SGA has declared heightened endeavors to oversee gambling operators, encompassing covert monitoring tactics. This implies the SGA will possess the capability to engage in gambling activities clandestinely to enhance the regulation of gaming enterprises.
Swedens administration is taking a stricter stance on wagering. They are revising their legislation to enhance security and promote well-being for all citizens.
A significant alteration involves requiring gaming enterprises to collaborate more closely with authorities. This encompasses exchanging data to aid in probes of unlawful actions connected to betting.
