Sweden’s playing regulator issued a SEK4m ($388,079) positive to Betfair for permitting betting on U21 soccer video games. [Image: Shutterstock.com]
Sweden’s playing regulator has fined Betfair SEK4m ($388,079) for permitting betting on under-21 soccer video games.
clients positioned wagers on video games within the Allsvenskan U21 Swedish soccer league
Spelinspektionen’s monetary penalty comes on the again of repeated breaches by the operator, during which clients positioned wagers on video games within the Allsvenskan U21 Swedish soccer league. Sportsbooks in Sweden can solely legally supply betting markets on soccer video games that cowl the highest 4 tiers of soccer within the nation.
In line with an investigation by the Swedish regulator, Betfair allowed wagering on a complete of 148 U21 video games throughout 2021 and 2022 on the Betfair Trade. This noticed 224 customers place wagers on 139 video games, with their bets totaling SEK1.1m ($106,722).
Spelinspektionen, in any other case generally known as the Swedish Playing Authority, will now solely allow Betfair to supply wagering on the highest two tiers of Swedish soccer. It has additionally put new controls in place to make sure that the same subject doesn’t come up sooner or later. The playing regulator believes these steps are ample to stop any future points.
Spelinspektionen can droop or revoke an operator’s license if points are critical sufficient. It usually takes into consideration the turnover of the responsible operator when deciding on the scale of fines.