After years of strict gambling monopolies, the Finnish government has decided to open up the licenses. By 2026, a licensing system will be in place to attract large international gambling sites to operate in Finland, resulting in a large amount of tax money being injected into the budget and users being able to enjoy the luxury of choosing from a variety of operators. You will be able to choose.
Finland has maintained a strict monopoly on gambling since 2017, when three state-owned companies – Veikaus, Raha Automartdies and Fintoto – were forced to merge. No other brands were allowed to operate in the country, users had no choice, and there was no healthy competition that could stimulate market growth.
In establishing a gambling monopoly, the Finnish government believed that gambling facilities would be easier to access and therefore control, while at the same time curbing the money that citizens spent gambling within the country.
But that turned out to be wishful thinking, as the current reality is very different.according to Titti Tupplainen, the current Member of Parliament, has not been able to prevent foreign gambling companies from entering the Finnish market even with strict regulations. It is clearly more difficult to regulate online services than physical ones, so online bookmakers can offer offers to Finnish users with or without a license. It is now clear that what was initially supposed to be a highly regulated gambling market with only one national operator to choose from has turned into a “wild gray area”.
Now, the Finnish government is trying to undo the damage and switch to a licensing model expected to be released in 2026. The main goal is to redirect funds that are currently falling through the cracks (channelization rate is currently around 50%). (Currently) and attract major gambling brands to Finland, allowing them to operate legally under local law.
Finland is the last country in the EU to maintain a monopoly. gambling. Now that Norway has acknowledged its failure, it may want to reassess the merits of closing the market.
Having a licensing system that allows brands to buy their own way in specific markets has proven to be a successful model in many countries. Rather than authorities going after online bookmakers and trying to block access to pages that frequently appear, the regulatory process would be easier if there were rules that official companies had to follow if they wanted to remain in the market.
In Norway, there are countless attempts to stop illegal operators. From DNS blocks to internet companies banning access to certain gambling websites. But new illegal gambling sites appear faster than anyone can block them. Users are also actively looking for new bookmakers rather than bowing to official bookmakers, making Norway a lucrative market for betting providers who aren’t afraid to get their hands dirty.
Until we have a licensing system that works in both countries, users will actually be protected from untrustworthy gambling providers.
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