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Compliance Updates

Finland: EGBA Welcomes Essential Step Towards Meaningful Gambling Reform

Published

1 year ago

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Reading Time: < 1 minute

 

On July 3, Finland’s Ministry of the Interior published draft legislation outlining the country’s new gambling framework. The draft law is now open for consultation until August 18, 2024. Currently, Finland is the last EU country with a comprehensive monopoly on online gambling. The proposal aims to introduce competition by licensing various online gambling and betting verticals.

Maarten Haijer, Secretary General of EGBA, said: “The publication of the draft legislation is a welcome and essential step towards meaningful gambling reform in Finland. This signals the end of comprehensive online gambling monopolies in the EU, as Finland is the last member state that still has a monopoly for online gambling. We look forward to reviewing the draft legislation over the coming weeks and engaging in continued dialogue with the Finnish Government and local stakeholders as the regulatory discussions progress.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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