Core Insights - Expanse Studios has received a software provider license from Spelinspektionen, allowing it to distribute gaming software in Sweden's regulated iGaming market [1][2][4] - The license is valid until December 1, 2030, enabling Expanse Studios to supply its proprietary games to licensed B2C operators in Sweden, a market that generated approximately €2.4 billion in total gambling revenue in 2024 [2][3] - Sweden's online gambling revenue reached $1.9 billion in 2024, reflecting a 5% increase from the previous year, with online gaming accounting for 64% of total market activity [2][3] Market Characteristics - Sweden has around 100 licensed operators serving a population of 10.5 million, with internet penetration exceeding 95% [3] - The market has a high channelization rate of 85-90%, indicating strong player preference for licensed platforms [4] - The regulatory framework established by the 2019 Gambling Act emphasizes technical compliance, responsible gaming, and transparency, aligning with Expanse Studios' operational standards [4] Company Strategy and Growth - The CEO of Expanse Studios highlighted that the license approval validates the company's technical capabilities and commitment to responsible gaming [5] - The Swedish license complements Expanse Studios' recent regulatory approvals in Romania and partnerships with operators like AdmiralBet and MerkurXtip, indicating growing demand for compliant content in Europe [5][6] - Expanse Studios has a portfolio of 56 proprietary titles and aims to scale its B2B operations across Europe, Latin America, and North America [6][8] Parent Company Overview - Golden Matrix Group Inc. operates globally through B2B divisions, including Expanse Studios, and has various B2C operations [9] - The company focuses on expanding regulated B2B operations in jurisdictions with robust player protection standards [7]