Much of it is, sure, but certainly not all of it! On your comparison to Sweden, be cautious! Finns generally have a higher risk and incidence of cardiovascular disease compared to native Swedes - in fact, they have some of the highest risk in the world!

Research from Earric Lee and/or Jari Laukkanen from this past decade will have clinical trials with controlled groups rather than just long-term population tracking. There are within-Finland studies comparing high-risk Finns who use the sauna 4 to 7 times a week against high-risk Finns who use it only once a week, showing a clear effect (https://pubmed.ncbi.nlm.nih.gov/25705824/). Here is a non-randomized experiment showing a dose-response (https://pubmed.ncbi.nlm.nih.gov/29048215/).

Those are just indications of information available. I would also argue that while of course randomized experiments are ideal, it is a mistake to dismiss all other forms of evidence so readily, especially with such preponderance of it.

The first study shows a 0.37 hazard ratio for frequent sauna use. That’s better than a lot of the HRs reported for physical activity. It’s even better than not smoking. It just doesn’t really fit.

Also, the fact that there are practically no sauna related studies outside of Nordic populations is suspicious too. I bet that with those hazards ratios a lot of people have tried to study the effects more, it’s suspicious there’s practically nothing out there.