Finland announces shift from gambling monopoly to licensing model
The Finnish government is determined to transition from the existing gambling monopoly to a licensing model, aiming to prevent financial and social harm
The newly formed Finnish government has declared its commitment to replace the current gambling monopoly system with a licensing model by 2026.
The objective of this reform is to address the financial and social harms associated with gambling while improving the country's channelisation rate to legal offerings.
Under the proposed licensing system, both online casino games and sports betting would be included, and the state-owned gaming monopoly Veikkaus would be divided into separate entities within the same group.
The government also intends to enhance regulation, combat money laundering, ensure sports integrity, implement responsible marketing practices, and evaluate the social impact of the reform.