Kambi Group plc, a well-known B2B brand, brings another major approval to its roster license, thanks to whom it will further strengthen its position in Europe.

Since the beginning of the year, Kambi has made several major moves with which it secured a reputable position on the online gambling scene, while also reaching an even greater number of players who are eager for new and thrilling titles!

Approval For Newly-Regulated Market

Kambi Group secures its position in Sweden after scoring a five-year approval issued by the local authorities. Thanks to this major permit, the Group will continue providing its services and products in Sweden after the set deadline.

The Swedish market has recently been reregulated, and its authorities have required of companies that wish to continue operations in Sweden after the 1st of July, to guarantee a license. The new rules were introduced with the aim of preventing illegal companies and ensuring a safe and secure gambling environment. The license for Kambi means that after this date the brand will be able to continue supplying its sports betting technology and services to approved operators in Sweden.

The new approval was announced by the Swedish Gambling Authority, Spelinspektionen, last week and will allow the brand to power the local sportsbook operators for the next five years.

Thinking About The Future

Kambi is listed on Nasdaq First North Growth Market in Stockholm, Sweden, and it is present in over 50 regulated markets so far

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.”

The new approval marks a significant milestone for the company that is working hard to break through to the top of the leading B2B brands in the iGaming industry.

Source:

“Kambi Group plc obtains Swedish B2B gambling permits”, europeangaming.eu, June 12, 2023.

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