Sweden to Investigate Credit-Based Gambling

The Swedish Gambling Authority Spelinspektionen has launched an investigation of consumer credit related to gambling. Its goal is to “reduce predatory lending and counteract over-indebtedness amongst consumers.”

Sweden to Investigate Credit-Based Gambling

Spelinspektionen, the Swedish Gambling Authority, has begun an investigation of consumer credit and debt as they relate to gaming. It’s commissioned a study to provide “measures to reduce predatory lending and counteract over-indebtedness amongst consumers.”

The inquiry is being undertaken in tandem with the EU’s current revision of the Consumer Credit Directive.

The authority said in a statement that the inquiry is “vital to maintaining a safe gambling market with the strongest consumer protections. Against this background, the Swedish Gaming Inspectorate welcomes the government’s decision to now appoint an inquiry to look more closely at these issues.”

The statement concluded, “We see that an improved credit assessment in Sweden can have great significance for those consumers who risk ending up in over-indebtedness and addiction due to gambling.”

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