The longstanding entrenched-monopoly posture is now under reform pressure. In November 2025 the health ministry pressed Althingi to overhaul gambling oversight and create a centralised regulatory authority, citing public-health harm and ISK 36bn annual offshore leakage. The EGBA has separately urged Iceland to adopt an open licensing regime modelled on Denmark (2012) and Sweden (2019). No bill has yet been enacted; the direction is mixed — reform could either liberalise toward a multi-licence framework or tighten enforcement of the existing monopoly. Iceland's EEA (non-EU) status reduces external single-market compulsion.
Jurisdictions › Iceland › Outlook
Iceland · Question 11 of 11
Outlook: What is coming?
Unfavourable · Probable · AI-generated · Back to full Iceland report →
Key section parameters
| Jurisdiction | Iceland (IS) |
|---|---|
| Regulator | Recorded in register |
| Favourability | Unfavourable |
| Confidence | Probable |
| Review status | AI-generated |
| Last collected | 18 Oct 2026 |
Summary answer
The longstanding entrenched-monopoly posture is now under reform pressure. In November 2025 the health ministry pressed Althingi to overhaul gambling oversight and create a centralised regulatory authority, citing public-health harm and ISK 36bn annual offshore leakage. The EGBA has separately urged…