According to the authority’s announcement, Betfair offered betting odds on Sweden’s U21 Allsvenskan (soccer league). Betting on U21 sports is prohibited under Swedish gambling laws. Gambling may only be offered on the four top tiers of football in Sweden.
The announcement also reveals that Betfair has committed the same offence on multiple occasions. The company offered betting on 148 matches during 2021/22 with 224 customers placing wagers totaling SEK1,125,352 (€98,705) on 139 matches during that time.
Betfair Fined by Swedish Gambling Regulator for Allowing Betting on U21 Football Betfair Fined by Swedish Gambling Regulator for Allowing Betting on U21 Football Betfair Fined by Swedish Gambling Regulator for Allowing Betting on U21 Football to more than €49.2 million with Betfair’s fine being the first issued this year by the Swedish regulator.According to industry fines tracker website GamblingIndustryFines.com, gambling industry fines in 2022 came to €251,712,034 / $269,532,490 – a significant increase of 443.9% compared to 2021’s total of €44,753,969 / $48,642,992.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.