Helsinki-based analyst Bonusetu.com reveals a strict new regime of penalty fees, domain blocking, and mandatory ID compliance for licensed casino operators. HELSINKIHelsinki-based analyst Bonusetu.com reveals a strict new regime of penalty fees, domain blocking, and mandatory ID compliance for licensed casino operators. HELSINKI

Finland’s New Gambling Watchdog Handed Sweeping Powers to Revoke Licenses and Block Illegal Casino Sites

Helsinki-based analyst Bonusetu.com reveals a strict new regime of penalty fees, domain blocking, and mandatory ID compliance for licensed casino operators.

HELSINKI, Jan. 20, 2026 /PRNewswire/ — As Finland prepares to launch its regulated gambling market on July 1, 2027, the focus has shifted from what the rules are to who will enforce them. This responsibility will fall on the new supervisory authority that will replace the National Police Board (Poliisihallitus) as the industry’s regulator.

The new body, operating under the Lupa- ja valvontavirasto (Permit and Supervision Agency), will possess far broader powers than its predecessor. The agency is tasked with a clear mandate: to ensure the licensed market is safe and to ruthlessly eliminate the grey market.

Unlike the current system, which relies heavily on criminal law, the new authority will wield administrative power to act quickly.

  • Penalty Fees (Seuraamusmaksu): The authority can issue significant administrative fines to operators who violate license conditions, marketing rules, or safety protocols.
  • License Revocation: The ultimate sanction is the power to revoke a license (toimiluvan peruuttaminen). This can be triggered by repeated offenses, failure to pay supervision fees, or serious breaches of player safety rules.

The Compliance Standard: Why “Instant Play” Technology Wins
A primary focus of the new “Enforcer” will be the strict verification of player identity (Section 28). The law mandates that every login and transaction must be strongly authenticated to prevent money laundering and underage gambling.

  • The Technology Shift: Bonusetu notes that this strict enforcement will likely consolidate the market around Bank-ID authentication technologies.
  • Market Impact: This protocol is already the operational backbone of ‘instant casinos‘ or pikakasinot in Finnish – see https://bonusetu.com/pikakasinot/. This model uses banking credentials for instant KYC (Know Your Customer) checks. Because this specific technology satisfies the regulator’s strict identification requirements by default, it is expected to become the primary compliance standard for operators entering the Finnish system.

Scrubbing the Web: Removal of Illegal Content
For the first time, the regulator will have the direct power to order the removal of illegal online content.

  • Content Takedowns: The authority can order service providers to remove unlicensed gambling content or marketing material.
  • Domain Blocking: In severe cases, the regulator can order the removal of a domain name from the .fi register, effectively wiping non-compliant sites off the Finnish internet map.

“The new agency isn’t just an administrator; it is a policeman with the power to fine, block, and shut down. For operators, this means that compliance technology – specifically regarding player ID and money laundering – is no longer just an operational detail, but a license-critical necessity.” – Tommi Korhonen, CEO of Bonusetu.

To ensure the regulator has the resources to police a global industry, the new authority will be funded directly by the sector. Licensed operators will pay an annual Supervision Fee (valvontamaksu), tiered based on their Gross Gaming Revenue (GGR), ensuring that the largest operators contribute the most to market integrity.

About Bonusetu.com Established in 2016, Bonusetu.com is a leading market intelligence platform for the Nordic iGaming sector. We specialize in analyzing regulatory frameworks, software integrity, and payment technologies to provide Finnish consumers and stakeholders with transparent, actionable data.

LinkedIn: https://www.linkedin.com/company/bonusetu/
X (Twitter): https://x.com/bonusetu_com
GBP: https://share.google/S1obwB4k7CxotcSBo

Contact:
Tommi Korhonen Bonusetu
***@bonusetu.com

Photo(s):
https://www.prlog.org/13122682

Press release distributed by PRLog

Cision View original content:https://www.prnewswire.com/news-releases/finlands-new-gambling-watchdog-handed-sweeping-powers-to-revoke-licenses-and-block-illegal-casino-sites-302665858.html

SOURCE Bonusetu.com

Market Opportunity
Blockstreet Logo
Blockstreet Price(BLOCK)
$0.012474
$0.012474$0.012474
-8.19%
USD
Blockstreet (BLOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?

Which Altcoins Stand to Gain from the SEC’s New ETF Listing Standards?

On Wednesday, the US SEC (Securities and Exchange Commission) took a landmark step in crypto regulation, approving generic listing standards for spot crypto ETFs (exchange-traded funds). This new framework eliminates the case-by-case 19b-4 approval process, streamlining the path for multiple digital asset ETFs to enter the market in the coming weeks. Grayscale’s Multi-Crypto Milestone Grayscale secured a first-mover advantage as its Digital Large Cap Fund (GDLC) received approval under the new listing standards. Products that will be traded under the ticker GDLC include Bitcoin, Ethereum, XRP, Solana, and Cardano. “Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi-crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano,” wrote Grayscale CEO Peter Mintzberg. The approval marks the US’s first diversified, multi-crypto ETP, signaling a shift toward broader portfolio products rather than single-asset ETFs. Bloomberg’s Eric Balchunas explained that around 12–15 cryptocurrencies now qualify for spot ETF consideration. However, this is contingent on the altcoins having established futures trading on Coinbase Derivatives for at least six months. This includes well-known altcoins like Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK), alongside the majors already included in Grayscale’s GDLC. Altcoins in the Spotlight Amid New Era of ETF Eligibility Several assets have already met the key condition, regulated futures trading on Coinbase. For example, Solana futures launched in February 2024, making the token eligible as of August 19. “The SEC approved generic ETF listing standards. Assets with a regulated futures contract trading for 6 months qualify for a spot ETF. Solana met this criterion on Aug 19, 6 months after SOL futures launched on Coinbase Derivatives,” SolanaFloor indicated. Crypto investors and communities also identified which tokens stand to gain. Chainlink community liaison Zach Rynes highlighted that LINK could soon see its own ETF. He noted that both Bitwise and Grayscale have already filed applications. Meanwhile, the Litecoin Foundation indicated that the new standards provide the regulatory framework for LTC to be listed on US exchanges. Hedera is also in the spotlight, with digital asset investor Mark anticipating an HBAR ETF. Market observers see the decision as a potential turning point for broader adoption, bringing the much-needed clarity and accessibility for investors. At the same time, it boosts confidence in the market’s maturity. The general sentiment is that with the SEC’s approval, the next phase of crypto ETFs is no longer a question of ‘if,’ but ‘when.’ The shift to generic listing standards could expand the US-listed digital asset ETFs roster beyond Bitcoin and Ethereum. Such a move would usher in new investment vehicles covering a dozen or more altcoins. This represents the clearest path yet toward mainstream, regulated access to diversified crypto exposure. More importantly, it comes without the friction of direct custody. “We’re gonna be off to the races in a matter of weeks,” ETF analyst James Seyffart quipped.
Share
Coinstats2025/09/18 12:57
SEC approves generic listing standards, paving way for rapid crypto ETF launches

SEC approves generic listing standards, paving way for rapid crypto ETF launches

The Securities and Exchange Commission has approved new generic listing standards for spot crypto exchange-traded funds, clearing the way for faster approvals. The U.S. SEC has approved new generic listing standards that will allow exchanges to fast-track spot crypto ETFs,…
Share
Crypto.news2025/09/18 13:51
WTI drifts higher above $59.50 on Kazakh supply disruptions

WTI drifts higher above $59.50 on Kazakh supply disruptions

The post WTI drifts higher above $59.50 on Kazakh supply disruptions appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), the US crude oil benchmark
Share
BitcoinEthereumNews2026/01/21 11:24