Legal
April 27, 2023
Betfair Fined for Accepting Illegal Bets in Sweden
Betfair has gotten itself in trouble in Sweden where it has offered markets on events featuring young players. Because of that, the operator received a warning and was forced to pay a fee. The Spelinspektionen, Sweden’s gambling regulator, announced its decision today. It explained that Betfair, a sports betting operator, offered markets for the U21 […]
Business
January 11, 2021
Betfair Exhange Became Less Compelling to Bettors in Italy
Sports betting exchange leader in Italy Betfair Exchange expressed concerns its flagship product lost much of its competitiveness and appeal following the controversial turnover tax imposed by the government last summer. Unsustainable Turnover Tax As part of the “Revival Decree” the Italian government imposed a 0.5% turnover tax across retail, digital and virtual sports wagering, […]
