In response to licensee questions, in the absence of a conventional sports programme, the Swedish gambling inspectorate Spelinspektionen has provided new guidelines for virtual sports content and simulated events.
Spelinspektionen has explained that Swedish sportsbooks do not need any additional licencing agreement to give customers virtual sports content.
The regulatory authority has stressed that all virtual sports content offered by bookmakers must be delivered by a software provider authorised by Spelinspektionen.
Spelinspektionen clarified in its statement that licensees selling virtual sports content must adhere to Chapter-8 of the Swedish Gambling Act.
Spelinspektionen informing licensees said: “The Gaming Act is not limited to what betting forms can be provided within the license, regardless of the betting forms that the applicant crossed in his application. However, the terms of the license indicate which types of betting must not be offered.”
Any licensee wishing to broaden its gaming portfolios of virtual sports content must inform the inspectorate of improvements to its product inventories in accordance of Swedish licencing terms.
Legal regulations would require licensees to change ‘technical documentation’ about providers of virtual sports content, allowing Spelinspektionen to track industry trends and operator services.
The inspectorate reminded licence holders that all games and product verticals given by licensees must be kept up to date with the certification.