Yggdrasil Penalized for Software Supply to Unlicensed Operator

[MissExposé]

Yggdrasil, a prominent iGaming provider, faces a SEK300,000 fine from Spelinspektionen for allegedly supplying gaming software to an unlicensed operator in Sweden, despite holding a valid license. The regulator's investigation revealed the breach, prompting a warning alongside the fine, despite the possibility of a larger penalty based on the firm's turnover. This enforcement action follows a series of regulatory measures, including fines for anti-money laundering failures and warnings to other operators for unlicensed operations targeting Swedish customers.

Source:

Spelinspektionen Issues SEK300,000 Fine to Yggdrasil for Supplying its Online Gaming Software to Unlicensed Operator

The Spelinspektionen has imposed a warning and a fine of SEK300,000 to Yggdrasil for supplying its online gaming software to an unlicensed operator in Sweden.

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