The Swedish Ministry of Finance, Ministry of Health and Social Affairs has proposed an increase in funding for both the Spelinspektionen and Finansinspektionen.
The Spelinspektionen, the Swedish Gambling Authority, would receive SEK 10.8m ($970,000) in 2024, SEK 15.6m in 2025 and SEK 18.6m in 2026 in additional funding.
This would increase the level of resources available to the Spelinspektionen, where it would meet the requirements to join the Macolin Convention.
Drafted on 9 July 2014 and made effective 1 September 2019, the Convention on the Manipulation of Sports Competitions, or Macolin Convention, is a European multilateral treaty that aims of prevent, detect and discipline match-fixing.
A total of 30 European States are currently signatories on the Convention, including Norway, Portugal, Ukraine and Moldova.
Niklas Wykman, Minister for Financial Markets, said: "There should be strong consumer protection in the gambling market.
“With this investment, Spelinspektionen can sharpen supervision.
“In addition, cooperation with the Swedish Financial Supervisory Authority may open up new opportunities for blocking payment transfers to and from illegal actors, something that can play an important role in the work of combating criminal activities."
The Finansinspektionen, the Swedish Financial Supervisory Authority, would also receive SEK 4.5m as part of the proposals to allow for greater collaboration with the Spelinspektionen.
Camilla Rosenberg, Spelinspektionen Director-General, said: "Counteracting illegal gambling and match fixing is a top priority for a safe and secure gambling market for the consumer.
“With even greater cooperation with the Swedish Financial Supervisory Authority, we can become sharper in supervision. I see the proposal for increased resources as very positive."
Recently, the Swedish Trade Association for Online Gambling (BOS) commented on the proposed changes put forward by the Swedish Ministry of Finance on the Money Laundering Act.
