## 1×2 Network Obtains Swedish B2B Gaming Authorization, Mirroring Hacksaw Gaming’s Entry into Regulated Sector
Holding licenses in the UK, Romania, Greece, Malta, and Ontario, 1×2 Network, a prominent supplier of iGaming content and technology, has been awarded a sought-after authorization from the Swedish Gambling Authority (SGA). This enables the UK-based firm to furnish its B2B gaming offerings within the tightly controlled Swedish market.
“We are delighted to secure this crucial endorsement for our enterprise in such a highly regarded iGaming jurisdiction,” remarked CEO Kevin Reid, underscoring the company’s dedication to growth. “This authorization permits us to advance our objective of becoming one of the most extensively disseminated providers within regulated iGaming sectors, and we are keen to establish collaborations with leading operators in Sweden.”
1×2 Network’s accomplishment comes shortly after Hacksaw Gaming, another provider recently granted a Swedish B2B gaming license. Hacksaw Gaming CEO Marcus Cordes emphasized the significance of rapid response in this dynamic marketplace, stating, “Securing a position among the initial providers to acquire a comprehensive Swedish B2B gaming license is a source of great satisfaction, enabling us to be at the vanguard of this rapidly expanding market.”
The SGA has also intensified its regulatory endeavors, deploying covert monitoring of providers. This novel approach empowers the authority to engage in gambling activities discreetly, guaranteeing broader and more potent supervision of gaming entities operating within Sweden.
Swedens administration is increasing restrictions on wagering. They are revising their gaming regulations to establish a more secure and wholesome gaming atmosphere, implying that gambling providers will need to elevate their standards. They will encounter fresh obligations, such as providing data to authorities to assist in curbing gambling-associated offenses. This initiative forms part of a broader effort to safeguard individuals from the potential risks of gambling.