THL Raises Concerns Over Finland’s Gambling Reform Plans

Public Health Risks Highlighted

The Institute of Health and Welfare (THL) has expressed concerns over Finland’s government plans to dismantle Veikkaus’s monopoly on gambling.

The research body warns that introducing a competitive licensing system may not provide better protections for consumers and could prioritize industry profits over public health.

THL argues that while the current system has shortcomings, the proposed changes might lead to an increase in problem gambling rates across the country.

Growing Concerns About Problem Gambling

According to THL’s latest study, over 150,000 people in Finland, or 4.2% of the population, are affected by problem gambling or are at risk, a significant rise from the previous year’s 3%.

The agency cautioned that a competitive market, especially with fast-paced online games, could exacerbate these issues unless strict regulations are enforced.

It urged the government to consider removing or limiting the most addictive games should the market be opened.

Government’s Reform Strategy

Finland’s Ministry of the Interior has completed consultations on the introduction of a competitive gambling market by 2027.

The proposed reforms aim to reduce the harms associated with gambling while better channeling demand into regulated systems.

A new gambling regulator would oversee licensing and supervision, including the creation of a central self-exclusion database.

Licenses for operators and suppliers are expected to be available starting in 2026, with more comprehensive regulations enforced by 2028.

Veikkaus Prepares for Market Changes

In anticipation of the end of its monopoly, Veikkaus has already made adjustments by closing several gaming venues and considering the division of its lottery and land-based operations from its online gambling offerings.

There is speculation that the government might sell its stake in Veikkaus’s online gambling division as part of the broader reform effort.