The Swedish Trade Association for Online Gambling (BOS) today submits its statement to the Ministry of Finance on the memorandum A new ban on gambling on credit, in which a ban on credit cards for gambling for money is proposed.

BOS rejects the proposal. This is justified by Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling, among other things through the proposal’s negative consequences on channelization.

If the government nevertheless goes ahead with the proposal, BOS proposes that the obligation not to mediate payments for gambling purposes be imposed on those issuing credit cards. In this way, it will be prohibited for credit card issuers, under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen), to mediate payments via credit cards for all gambling companies, even illegal and/or unlicensed gambling companies.

The BOS referral statement can be read here