Betsson Hit With €520,000 Fine by Swedish Court for Exploiting Gambling Addict
Kate Marshal
27 December 2023
Comment 0
The Swedish Patent and Market Court has ordered Betsson, a gambling company, to pay €520,000 to a former customer who lost a fortune on their platform due to his gambling addiction, as a compensation for his losses and emotional distress, according to Next.io.
The court found that Betsson knew about the customer’s addiction, but did nothing to prevent him from losing more money. Instead, Betsson used aggressive marketing tactics to lure him into playing more.
Adding to Betsson’s woes, the court also found that the company had no legal basis to target Swedish customers, as it did not have a Swedish gambling license at the time of the relationship. The customer’s gambling addiction was confirmed by medical records and testimonies.
This decision has taken a toll on Betsson’s business. The company’s share price plummeted by 8.3% to 104.3 Swedish krona per share (about $10.4), and the company now faces a review of its ads policy.
Betsson, however, is not giving up. The company has announced that it will appeal the court’s decision to a higher authority.
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
