Sweden’s gambling authority, Spelinspektionen, has announced that Satoshi Gaming Group, operating without a license, has been removed from the country’s market.
Sweden Cracks Down on Satoshi Gaming Group
Satoshi Gaming Group, a developer of crypto casino and sportsbook platforms, has been officially barred from offering gambling services to Swedish players. According to Spelinspektionen, the ban resulted from an investigation that found the company’s operations violated Swedish gambling laws. The decision highlights the regulator’s commitment to enhancing market oversight and eliminating unlicensed operators.
This enforcement action is part of a broader regulatory crackdown in Sweden. In February, the Swedish Trade Association for Online Gambling (BOS) formally requested that the Ministry of Finance amend the Gambling Act, citing a legal loophole allowing offshore operators to target Swedish consumers without oversight.
The following month, a report by AB Trav och Galopp (ATG) highlighted the increasing presence of unlicensed betting platforms in the country. The report pointed to a persistent black-market threat and urged the government to introduce stronger preventive measures.
In response, Spelinspektionen published a comprehensive report in April outlining actions to address the legal gaps identified by BOS. The report detailed the scope and accessibility of Sweden’s online black market and proposed legislative reforms to strengthen national enforcement efforts.
Since April, Spelinspektionen has been actively overseeing various companies operating in Sweden. For example, last week Spelinspektionen named operators like Snabbare Ltd and Betsson Nordic Ltd, placing them under the scrutiny of the Swedish regulator.
About Satoshi Gaming Group
Satoshi Gaming Group is a blockchain-focused online gaming operator established in 2018 and registered in Curaçao. The company is licensed under a sub-license issued by Antillephone N.V. Its flagship platform, TrustDice, offers crypto-based gambling services, including casino games and sports betting. The platform accepts Bitcoin and Ethereum as payment methods, catering to a global audience.
According to the company, Satoshi Gaming Group channels its passion for gaming, cryptocurrency, and product innovation into creating memorable user experiences. Since 2017, the company has been a leader in blockchain gaming, game development, and crypto-based casino and sportsbook solutions.
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- Source: SCCGManagement.com