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19.06.2024 | 🇫🇮 Finnish competition authority
A recent study by the FCCA suggests that while a licensing system or a monopoly system can help achieve gambling policy targets, additional regulatory changes are necessary to address issues like high channelling rates and preventing gambling harms effectively.
Finland's current monopoly-based gambling system is facing challenges as a significant portion of gambling occurs outside the regulated system, especially among individuals with gambling problems, leading to an increase in such issues in recent years.
As Finland plans to transition to a licensing system for online gambling, careful consideration of regulatory details and practical implementation is crucial for the success of the reform.
The Nordic countries have taken different approaches to gambling regulation, with Denmark and Sweden moving to a licensing system and Norway strengthening its monopoly system. While these transitions have shown positive results in terms of channelling rates, achieving other objectives like preventing gambling harm requires more than just a change in the system.
It is essential for gambling market regulations to be meticulously planned to ensure that channelling gambling within the regulated system effectively addresses issues of gambling harm and player safety.
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