1×2 Network, a software development company operating in the UK and Romania, has received authorization to provide its business-to-business gaming offerings in Sweden. This coveted approval from the Swedish Gambling Authority (SGA) enables 1×2 Network to broaden its footprint in the regulated online gaming sector.
This recent accomplishment adds to 1×2 Network’s expanding portfolio of regulatory clearances, which already encompasses licenses in the UK, Romania, Greece, Malta, and Ontario. Kevin Reid, Chief Executive Officer of 1×2 Network, conveyed his excitement, stating that the firm aspires to become a top provider in regulated jurisdictions. He views Sweden as a crucial market for expansion and collaborative ventures.
1×2 Network is not alone in making strides in Sweden. Hacksaw Gaming, another notable participant in the iGaming industry, recently secured its B2B gaming license from the SGA. Marcus Cordes, Chief Executive of Hacksaw Gaming, emphasized the significance of prompt action in the dynamic market, highlighting their favorable standing as an early recipient of the comprehensive B2B license.
To guarantee a just and open gaming atmosphere, the SGA has introduced novel protocols to oversee suppliers discreetly. This entails engaging in gaming activities incognito to more effectively regulate gambling entities operating within Sweden.
Swedens administration is increasing restrictions on wagering. They are revising their gaming regulations to establish a more secure and responsible gaming atmosphere, implying that gaming providers will need to adhere to revised guidelines. A significant alteration? Providers will be obligated to disclose data to authorities if they suspect any illicit activities associated with gambling.
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