WiseAvant Banned in Sweden for Offering Illegal Skins Betting
The Swedish gambling regulator, Spelinspektionen, has immediately banned WiseAvant OÜ from operating in the Swedish market. This action follows an investigation revealing that WiseAvant was offering lottery-style games with in-game skins on its website. These skins, which originate from various video games, can be sold outside of the games they are part of.
Spelinspektionen found that WiseAvant allowed customers to bet on winning skins, with the risk of losing their money if the bet failed. Since WiseAvant does not hold a license to offer gambling or gambling products in Sweden, the regulator concluded that the company was violating local gambling laws.
Furthermore, the betting games were also promoted on social media platforms, including Twitch, which constitutes another violation of Swedish gambling regulations concerning marketing.
23 May 2024, 11:00
Casino and Games
EveryMatrix Set to Acquire Fantasma Games
19 September 2024, 15:00
Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion
17 September 2024, 16:48
UK footballers join new anti-gambling campaign
15 September 2024, 15:04
MGM Resorts Transitions Casinos and Hotels to Solar Power
13 September 2024, 17:18
MGM Resorts Confident in Osaka Casino Future
12 September 2024, 15:00
Bet365 Fined $33,000
9 September 2024, 10:35
Other news
EveryMatrix Set to Acquire Fantasma Games
19 September 2024, 15:00
Pennsylvania's Total Gambling Revenue Reaches $525.5 Million
19 September 2024, 11:05
Brazil sets deadline for unlicensed gambling operators
18 September 2024, 15:49
Fantasy Life made the footballer an ambiguous offer
18 September 2024, 10:43
Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion
17 September 2024, 16:48
BetMGM Becomes General Partner of USA TODAY Sports
17 September 2024, 09:01
Three major Las Vegas casinos to be led by one executive
16 September 2024, 16:51
Playtech and Caliente end long dispute over Caliplay money
16 September 2024, 11:09
UK footballers join new anti-gambling campaign
15 September 2024, 15:04
Star Entertainment Group reminded of possible licence revocation
15 September 2024, 11:51
Fox Seeks to Buy FanDuel Stake Below Market Value
14 September 2024, 15:00
Flutter Entertainment buys more than 56% of Brazil's NSX Group
14 September 2024, 10:06
Articles
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Finnish Gambling Market Reform: Veikkaus Resurgent vs Kindred's Leadership
10 September 2024, 19:00
Brazil's CPI and the Fight Against Match-Phishing
3 September 2024, 17:59
Why California Tribes Are Revolting Against Card Rooms
30 August 2024, 18:00
US Gambling Industry: Can More Deals Be Made?
28 August 2024, 17:00
Categories