Finland's Gambling Act reform introduces new licensing regime
On March 1, 2026, Finland's new Gambling Act (10/2026) partially entered into force, marking a significant shift in the country's gambling market. This reform introduces a licensing system for certain gambling activities, ending the decades-long monopoly held by Veikkaus Oy in specific sectors.
Key Provisions of the Gambling Act Reform
- Licensing System: Betting games, online slot and casino games, and online money bingo are now open to competition under a licensing regime.
- Monopoly Retention: Veikkaus Oy retains its monopoly on lottery-type games, scratch cards, and all physical slot machine and casino games.
- Regulatory Authority: The National Police Board is responsible for processing gambling license applications until June 30, 2027, after which the Finnish Supervisory Agency will assume this role.
Implications for Gambling Operators
Operators interested in entering the Finnish gambling market can now apply for licenses to offer specified gambling services. Compliance with the new regulatory framework is essential, and operators must ensure adherence to the stipulated guidelines to maintain their licenses.
Consumer Impact
For consumers, the reform is expected to provide more options and potentially better services due to increased competition. However, the government emphasizes the importance of responsible gambling and has implemented measures to prevent and reduce gambling-related harms.
This reform aligns Finland with other Nordic countries like Denmark and Sweden, which have previously combined monopoly and competitive market elements in their gambling sectors.
