Yes and the law also states they are not allowed to ask for a confirmation after clicking the button. 😶
When I accidentally clicked this button, I was playing SnGs for a total of 30$, which I then of course lost to other players. That is perhaps not the end of the world and can just be considered another kind of "bad beat". But what if this happened at the final table of a big MTT? Then we could potentially be talking about a 5-digit or 6-digit amount of lost EV because of this braindead regulation.
There should of course be a warning message saying something along the lines of "You are currently registered for the following tournaments.... are you sure, you want to self exclude for 24 hours?" This would not even affect the degenerate casino gamblers, who the button is made for, since they are never in the middle of something, they already paid for.
It is worth noting, that the "panic button" is in addition to PokerStars normal responsible gaming program. In Sweden its placed in the bottom left corner of the main lobby and say "! 24 tim paus". However in the upper left corner we still have the normal responsible gaming buttons saying "Självtest", "Spelgränser" and "Spelpaus". And these are also found on the tables.
However if you accidentally click "Spelpaus", this will just open a browser window explaining about the options offered under the "responsible gaming" program, which goes from 24 hours and up to 6 month self exclusion or "cool down period", as they also call it. Moreover its explained, that if you are still playing while choosing this, you will just be reminded but not forced to log out. And then the "cool down" will begin, when you close the client. And you will be able to complete any tournaments, that already began, even including multiday events (but not phase tournaments).
So PokerStars did actually think it through and make something, which makes sense, and can help people with gambling problems without hurting tournament players. But the governments of Sweden and Germany had to come up with something totally idiotic and force it upon PokerStars and other sites operating here