Finland’s New Government to Launch a Licensing System for Online Gambling By 2026

According to the government program revealed on June 16, 2023, the latest government of Finland is particularly devoted to opening up the online gambling market and launching a licensing system for online gambling by January 2026 at the latest. In addition, it pointed out that it is “committed to ending the current monopoly system.”

Implementation of the hybrid system:

Finland is doing it like Sweden when it comes to the transition and implementation of a hybrid system that will be a combination of a licensing system and a monopoly. It is envisioned that the future licensing system will involve online casino games and online wagering.

In addition, it is possible for the current monopoly holder, Veikkaus Oy, to keep its exclusive right to slot machines, brick-and-mortar casinos, brick-and-mortar betting, and lottery tickets as well as lottery and raffle games regardless of the sales channel. However, Veikkaus will be split into two respective legal entities, one working in the field of monopoly services and the other in the licensed gambling market.

A study on the monopoly of gambling activities in Finland:

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