The Swedish gambling regulator, Spelinspektionen, has given clean chit to four gambling operators after investigating allegations of offering sports wagering on events that involved majority minor players.
The four online gambling operators which have had their cases dropped are Hillside, which operates the bet365 brand in Sweden, Betsson, ATG and Spooniker.
The gambling regulator had fined these online betting companies for offering wagers on individual performances of under-18s in a football match, with bets such as goal scoring during the games.
Hillside which operates the bet365 brand in the country was fined SEK10m (£801,108/€926,058/$1.0m) for offering betting on a football match in which majority of the players were under the age of 18.
Now the gambling regulator has reversed its decision and said that the gambling operators did not violate their licensing terms and said that most of the featured players in the games were over the age of 18.
Recently, Sweden’s Administrative Court in Linköping overturned a decision made by the country’s gambling regulator to fine Casino Cosmopol. Last year, the Swedish gambling regulator had fined Casino Cosmopol SEK 8m ($880,000).
Casino Cosmopol is the land-based subsidiary of state-owned gambling monopoly Svenska Spel. The gambling operator was fined for being lax in implementing anti-money laundering measures.
The gambling regulator had said that Casino Cosmopol lacked in its “efforts to counter money laundering and terrorist financing in all audited areas. The shortcomings are serious and in many cases of a systematic nature.”
However, upon hearing, the court reversed its decision and lowered the fine to SEK 3m.