FINLAND LAUNCHES CONSULTATION ON GAMBLING REFORMS

Finland has launched a consultation on proposals for reforming the Finnish Lotteries Act. 

The Ministry of the Interior’s proposed reforms would include allowing the state-owned monopoly gambling operator, Veikkaus, to offer B2B services through subsidiaries, and would increase consumer protections, and efforts to combat unlicensed offshore gambling operators.

Although the proposed reforms would not place any new restrictions on marketing sports betting products, they would completely prohibit the marketing of slots – which the Ministry considers to be “particularly harmful.”

Under the proposals, the Finnish National Police would also create and maintain a blacklist of internationally licensed gambling sites targeting players in Finland, and financial service providers would be forced to block payments to those sites. 

Just weeks ago, the European Gaming and Betting Association (EGBA) urged the Finnish government to “fix” its gambling policy and end Veikkaus’ monopoly.

AYO.NEWS says:

Finland, like Norway, seems intent on maintaining its state-owned gambling monopoly system, despite the massive resources it will waste in policing and enforcement, not to mention the likelihood it will result in vulnerable players being tempted by unlicensed international sites. 

Just weeks ago, the European Gaming and Betting Association (EGBA) urged the Finnish government to “fix” its gambling policy and end Veikkaus’ monopoly.

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