Kambi Group Secures Five-Year Permits to Strengthen Presence in Swedish Sports Betting Market

Kambi Group plc, a well-known provider of sports betting solutions, has recently secured B2B gaming permits, allowing it to continue providing cutting-edge sports betting technology and services to licensed operators in the regulated Swedish market. The permits, awarded by the Swedish Gambling Authority (Spelinspektionen), mark a key milestone for Kambi and cement its status as a trusted partner to leading Swedish sportsbook operators.

Partnership with Market-Leading Operators Will Be Maintained

The five-year licenses will allow Kambi to continue powering some of the market’s most renowned sportsbook providers beginning July 1, 2023. This expansion of relationships demonstrates the power and dependability of Kambi’s sports betting solutions, underlining the company’s commitment to providing great services to licensed operators in Sweden.

Compliance with Regulatory Requirements

The issuing of new gambling supplier permits in Sweden is part of a larger attempt to combat the black market and promote channelization by requiring licensed businesses to cooperate with compliant partners. Kambi, a company listed on the Nasdaq First North Growth Market in Stockholm, Sweden, is fully aligned with these regulatory objectives and operates in strict accordance with local legislation in over 50 regulated markets across the world.

Market Share and Global Expansion

Kambi’s global reach extends far beyond the Swedish market, with activities in a variety of regulated jurisdictions. In 2022, the firm generated 94% of its income in areas with local regulatory frameworks, cementing its reputation as a trusted and reliable partner for licensed operators worldwide. Kambi’s success is based on its capacity to adapt to changing regulatory conditions while remaining committed to quality and compliance.

David Carter, Chief Legal Officer at Kambi, expressed his satisfaction with the newly obtained permits, stating, “We are pleased to have obtained the necessary B2B gambling permits for Sweden, which 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.”

Kambi Group has strengthened its position as a trusted and preferred partner for licensed sportsbook operators in Sweden by acquiring five-year authorization from the Swedish Gambling Authority. Kambi remains committed to keeping the greatest standards of compliance and regulatory requirements as the firm expands its global presence, delivering a secure and transparent betting environment for operators and bettors alike.

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