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The realm of iGaming is as dynamic as it is regulated, and recent developments involving Yggdrasil, a prominent figure in the industry, underscore the tightrope walk of compliance that gaming providers must navigate. The Swedish gambling regulator, Spelinspektionen, has imposed a SEK300,000 fine (around €26,218) on Yggdrasil for a breach that exposes the intricate web of regulations governing the sector.
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The realm of online gambling within the European Union is a thriving and ever-evolving sector. With an estimated annual revenue of €22.2 billion in 2018 and an anticipated growth rate of 9.2% by 2020, it is clear that online gambling is a significant industry. However, the regulation of online gambling in the EU member states is complex and varied.
Online gambling is currently on the list of the most popular and captivating activities in Sweden. Swedes have been betting for decades. There are several top-tier land-based casinos located in Malmö, Stockholm, and Gothenburg. Even so, these cannot fully satiate the needs of every gambling enthusiast in the country. This is partly why most Swedes run to different betting websites. More reasons explaining the prevalence of Swedish online gambling are as follows.