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Finland’s Gambling Laws: Regulations and Legislation

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Gambling in Finland is a topic of significant interest due to its unique regulatory environment. With a strong government monopoly since its entry into the European Union, Finland emphasises public safety and economic benefits in its approach to gambling. However, the rise of online platforms has seen an influx of offshore operators, compelling Finland to reassess its stance. This article comprehensively examines the existing Finland gambling regulation.

Government-controlled monopoly in Finland

Finland stands distinct in its approach to gambling, retaining a strong government-controlled monopoly since its accession to the European Union. This system has been established primarily to ensure public safety, prevent gambling-related problems, and channel funds from the industry towards beneficial societal causes.

Given the dominance of this monopoly, one might wonder about the presence of online platforms. Interestingly, all casino Suomi at casino358.com operate within a framework that respects Finland gambling laws, offering Finnish citizens a chance to engage in online gambling activities without flouting the rules.

This monopoly is not just about control but is also an emblem of Finland’s commitment to safeguard its residents from potential harm. It has played a pivotal role in maintaining a regulated market environment, with the primary objective of promoting responsible gambling and preventing addiction.

Current Legal Framework

In the domain of gambling, Finland’s approach is both unique and stable, grounded in decades of tradition and evolving in the face of technological advancements. Below, we will look whether is gambling legal in Finland.

Licensing and Compliance

The heart of Finland’s legal approach to gambling lies in its licensing and compliance measures. All gambling activities, whether land-based or online, require appropriate government-issued licenses. This centralised control is mainly exerted through the state-owned entity, Veikkaus, which holds the exclusive right to offer most gambling services in the country.

Applications for licenses undergo rigorous scrutiny. Applicants must demonstrate their capability to offer gambling services and their commitment to responsible gambling practices. This includes providing tools and resources to combat gambling addiction and promote safe gambling habits. Compliance checks are ongoing, ensuring that licensees uphold the standards set forth at the time of application throughout their license. Violations can lead to hefty fines or the revocation of licenses.

Taxation and Revenue

Taxation is a significant aspect of Finland’s gambling landscape. The revenue generated from gambling activities is a considerable source of funds for the government. In Finland, all gambling winnings over a specific amount are subject to tax. This revenue model ensures that while citizens enjoy gambling activities, the state benefits from the financial influx, redirecting these funds for public welfare.

Furthermore, the operators, including the state-owned Veikkaus, are subject to corporate tax on their profits. The dual taxation model – on both winnings and operator profits – creates a steady flow of revenue into the national coffers. This revenue is earmarked for several welfare projects, including sports, art, and science.

Offshore operators in Finland

In Finland, the government’s monopoly on gambling doesn’t eliminate the presence and operations of offshore gambling platforms. Finnish gamblers can access various services offered by foreign online casinos and betting sites. These offshore operators form a substantial part of the gambling market.

Here’s a list highlighting key aspects of offshore operators in Finland:

  • Legal Status. Although not strictly within the Finnish legal framework, they operate in a grey area, not being fully illegal.
  • Winnings from these platforms may be subject to tax, and declaring them is the players’ responsibility.
  • Finnish authorities do not regulate these operators, which may mean less player protection.
  • Market Share. Despite the government’s monopoly, offshore operators have secured a significant market share, giving Finnish players more options.

Overall, while offshore operators offer additional choices for gambling enthusiasts in Finland, they come with challenges and risks, particularly around player protection and taxation.

Programs to promote responsible gambling

Responsible gambling is a critical aspect of ensuring that the fun and excitement of gambling don’t lead to adverse consequences for individuals and society. Several countries, including Finland, have developed programs to ensure gamblers are educated, aware, and have the tools to gamble responsibly.

  • Awareness Campaigns. Various governments and non-governmental organisations (NGOs) conduct campaigns to raise awareness about the potential risks of gambling, targeting both regular gamblers and the general public.
  • Self-Exclusion Programs. These allow gamblers to voluntarily exclude themselves from gambling activities, either online or offline, for a set period, helping those who recognise they may have a problem to take a break.
  • Helplines and Counseling Services. Dedicated helplines offer immediate assistance to those facing gambling-related distress. Counselling services provide a more extended support system for individuals to discuss and address their issues.
  • Educational Programs. These are aimed at younger audiences to educate them about the potential risks associated with gambling and to foster responsible attitudes from a young age.
  • Limit Setting Tools. Many online platforms now provide tools allowing users to set daily, weekly, or monthly deposit or loss limits, giving them more control over their gambling habits.

Integrating these programs into the gambling ecosystem aims to create a safer and more responsible gambling environment, ensuring the fun remains while minimising the potential for harm.

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7-Eleven selects Jackpot.com as their official lottery partner

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Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.

Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts  

Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.

As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.

“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”

By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.

Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.

To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.

 

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eSports

The World Esports Summit 2024 Is Here!

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The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.

This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the

Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.

The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:

  • (R)Evolution in Esports
  • East Meets West
  • Esports Integrity: The Role of Referees
  • The Rise of International Esports Competitions
  • (In Korean) Korea’s Secret Sauce etc.

Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.

These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.

Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.

Registration for the World Esports Summit is free and open to all interested attendees.

To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration

See you in Busan!

 

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eSports

Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference

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Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience.

As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.

Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.

Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC  key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .

“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are  committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.” 

Looking ahead to ICE Barcelona, Akhil Sarin stated:  “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”

He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”

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