Five-year permits solidify Kambi’s position as a trusted partner to licensed operators within the regulated Swedish sports betting market
Kambi Group plc (“Kambi”), the world’s trusted sports betting partner, has secured B2B gambling permits to continue providing its market-leading sports betting technology and services to licensed operators in Sweden.
The permits, announced last week by the Swedish Gambling Authority (Spelinspektionen), will enable Kambi to continue to power some of the market’s leading sportsbook operators for a further five years effective from 1 July 2023.
A new gambling bill was passed last year requiring gambling suppliers to obtain new permits to service licensed operators in Sweden in an effort to reduce the size of the black market and improve channelisation.
Kambi, which is listed on Nasdaq First North Growth Market in Stockholm, Sweden, is currently live in more than 50 regulated markets and derived 94% of revenue in 2022 from markets with local regulatory frameworks.
David Carter, Chief Legal Officer at Kambi, said: “We are pleased to have obtained the necessary B2B gambling permits for Sweden which, given Kambi’s heritage, has long been one of our most important markets.
“This further showcases our commitment to upholding the utmost standards of compliance and regulatory requirements which is a cornerstone of Kambi’s success as the world’s leading B2B sportsbook.”
Kambi Group plc obtains Swedish B2B gambling permits was first seen on Sports Betting Operator