The Kindred Group could be on the hook for millions in damages in Sweden arising from a lawsuit filed against it by fashion entrepreneur Per Holknekt, founder of Swedish clothing company Odd Molly. Holknekt is accusing the gambling operator of exploiting his gambling addiction.
France’s gambling regulator, Autorité Nationale des Jeux (ANJ), has released its strategic plan for 2024-2026, focusing on a significant reduction in excessive gambling and the associated social damage. Three years after its establishment, ANJ has fully stepped into its role, closely monitoring the market to ensure licensed operators remain compliant.
The first regulation phase under ANJ’s authority concluded in 2023, revealing a thriving gambling market with over €13 billion ($14.1 billion) in turnover, reflecting a growth of over 50% since the market opened in 2011. While gambling has become a widespread consumer product for people of all ages and backgrounds, it also poses risks necessitating the implementation of restrictive regulatory policies.
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