Betfair fined for offering markets on youth soccer games in Sweden
Betfair has been fined $388,270 by Swedish regulator Spelinspektionen for offering betting markets on events featuring young players
Betfair has been fined $388,270 by Swedish regulator Spelinspektionen for offering betting markets on events featuring young players. The regulator stated that the operator took a total of $109,235 in bets on 148 matches between 2021 and 2022, breaching regulations introduced that year.
Betfair admitted its wrongdoing and has promised to avoid such issues in the future, implementing measures to ensure that no bets are offered on events featuring young players. The regulator warned Betfair to be extra cautious in the future, given the severity of the violation.