Sweden proposes exempting race, sports betting from new deposit limits

Sweden’s proposed online gambling deposit and loss limits may not apply to sports and race betting, but the local industry group says the facts don’t support this plan.

On Friday, Social Security Minister Ardalan Shekarabi announced a tweak to his April proposal of a SEK5k (US$500) limit on online gambling deposits and losses, plus a SEK100 limit for online bonus offers. Shekarabi said he was open to applying the limits only to online casino sites, exempting race and sports betting sites, with the policy intended to take effect on July 2.

Shekarabi said protecting consumers was his main focus and thus he was okay making changes to his plan so that they applied only to “games that, according to research, have the greatest risk of problem gambling, namely online casino.”

Those lofty aims were immediately questioned by Branschföreningen för Onlinespel (BOS), Sweden’s online gambling industry group, who called them “incomprehensible from a consumer protection perspective.”