The 1×2 Network and Hacksaw Gaming, both prominent iGaming content and software developers, have successfully obtained Swedish B2B gaming licences from the Swedish Gambling Authority (SGA). These licences add to their existing portfolio of regulatory approvals in various jurisdictions, demonstrating their commitment to expanding their operations. The SGA has also implemented additional measures to enhance supervision and ensure a healthier and safer gambling market in Sweden.
1×2 Network’s Swedish B2B Gaming Licence:
The UK-based 1×2 Network has secured a Swedish B2B gaming licence from the SGA, adding to its existing licences in the UK, Romania, Greece, Malta, and Ontario. This achievement aligns with the company’s strategic goal of becoming one of the most widely distributed suppliers in regulated iGaming markets. Kevin Reid, CEO of 1×2 Network, expressed excitement about obtaining the licence and emphasized their focus on driving expansion in Sweden and forging partnerships with top-tier operators in the market.
Hacksaw Gaming’s Swedish B2B Gaming Licence:
Hacksaw Gaming, another iGaming software developer, has also received a B2B gaming licence from the SGA. Acting swiftly, Hacksaw Gaming positioned itself ahead of the competition by securing the full Swedish B2B gaming licence. This achievement empowers the company to establish a strong presence in the fast-growing Swedish market. Marcus Cordes, CEO of Hacksaw Gaming, highlighted the advantage gained from this head-start, enabling them to capitalize on the market’s potential.
SGA’s Enhanced Measures and Amendments to the Gaming Act:
The SGA has implemented additional measures to monitor gambling providers more effectively, including the ability to gamble under a hidden identity for larger-scale supervision. This change allows the SGA to gather essential insights and ensure compliance with regulations. The amendment to the Gaming Act aims to foster a healthier and safer gaming environment in Sweden. Moreover, gambling companies will now be obligated to disclose information to the police as part of investigations into gambling-related crimes.
The 1×2 Network and Hacksaw Gaming have both secured Swedish B2B gaming licences, strengthening their positions as leading iGaming content and software developers. These licences enable them to expand their operations and establish partnerships with top-tier operators in Sweden. The SGA’s implementation of enhanced measures and amendments to the Gaming Act reflects their commitment to creating a safer and healthier gambling market. As the iGaming industry continues to evolve, regulatory compliance and responsible gambling practices remain crucial for sustained success and player protection.