Finland Plans to End Gambling Monopoly in Favor of Open Market

    Finland is planning to dismantle its state gambling monopoly, Veikkaus, and transition to an open-market model for online gambling. The proposed change aims to address the growing prevalence of unregulated gambling platforms and provide players with more competitive options.

    Under the new system, licensed operators will be allowed to offer online gambling services, subject to strict regulations and taxation. The government expects the move to generate additional tax revenue while ensuring better oversight of the industry.

    Critics of the monopoly have long argued that it fails to meet the demands of modern gamblers, many of whom turn to offshore platforms. The transition to an open market is expected to be completed by 2026.