Stockholm-based Abios, a leading esports data and technology company, today announced that it has obtained a permit to deliver its market-leading products and services to operators licensed in Sweden.
Abios, a wholly-owned subsidiary of Kambi Group plc, has obtained a five-year permit to provide esports solutions until 30 June 2028, per regulatory requirements from the Swedish Gambling Authority (Spelinspektionen).
The Swedish regulator announced a new gambling bill requiring betting suppliers to obtain B2B permits to service their clients to combat unlicensed gambling. From 1 July 2023, suppliers will be unable to service licensed customers in Sweden without a permit and are prohibited from serving unlicensed clients in the jurisdiction.
Abios supplies sportsbooks with widgets and odds. Widgets make sportsbooks more esports-endemic by showcasing past results, live scores and statistics alongside their odds feed.
Oskar Fröberg, CEO and Founder of Abios, said: “Being a company born and bred in Stockholm, we’re happy to acquire a B2B permit in Sweden and continue servicing our clients.
One of our core missions is to enable the sustainable growth of the regulated esports market. Unlicensed operators often lack the robust safeguards against money laundering, problem gambling and payment solutions that governments require of regulated sportsbooks.
As such, they don’t offer their end users the same level of customer protection and run a higher risk of acting as platforms for money laundering. By supplying regulated sportsbooks with high-quality content, we are excited to bring esports entertainment to a larger audience.”
Abios’ B2B licence in Sweden is the latest in a series of recent successes for the company.
With more than a decade of experience in esports data, Abios recently released its new odds service for Counter-Strike: Global Offensive (CS:GO). It provides operators exciting features such as a same-game bet builder, player props and flash markets. Abios offers markets for the largest PC-based esports, including League of Legends, VALORANT and Dota 2.
Abios is in the forefront of esports, providing enterprise solutions to regulated markets worldwide. Our product suite includes data-driven odds and widgets for the largest esports titles, including CS:GO, League of Legends, VALORANT and Dota 2.