Swedish regulator appeals decision to overturn Kindred’s deposit cap sanctions

Swedish regulator appeals decision to overturn Kindred’s deposit cap sanctions

Article brief provided by iGaming Business
  • Daniel O'Boyle, iGaming Business
April 20, 2021 3:00 AM
  • Daniel O'Boyle, iGaming Business

Swedish regulator Spelinspektionen has appealed a decision from the Administrative Court in Linköping to overturn sanctions against Kindred regarding a loophole in the country’s SEK5,000 (£422.4/€489.4/$581.2) online casino deposit cap.

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The case dates back to a December 2020 sanction, when Spelinspektionen issued injunctions with accompanying fines against both Kindred and former horse racing monopoly AB Trav och Galopp (ATG).

The regulator discovered players could potentially deposit more than SEK5,000 for online casino play in a month at Kindred and ATG sites through a loophole.

Spelinspektionen initially ruled this violated the SEK5,000 deposit cap for online casino games introduced last year as the country dealt with the novel coronavirus (Covid-19) crisis.