Finland Plans to Reform Gambling Laws- Veikkaus Oy Monopoly to be Restructured Under New Licensing System

The Ministry of the Interior is seeking public comments on a draft government proposal for a new gambling act, a key reform initiative outlined in the Government Programme. Under this proposal, Veikkaus Oy will no longer maintain its monopoly over betting, online slot machines, and casino games. These gambling activities will be opened to competition through a new licensing system.

The proposal was crafted by a working group under the Ministry of the Interior, guided by a political steering group of state secretaries. The consultation period for this proposal ends on August 18, 2024.

Current gambling monopoly and unregulated market:

At present, Veikkaus Oy holds the exclusive rights to provide gambling services in Finland Read more