Fatal Error launching the game

The game started crashing on launch yesterday, without any changes that I can think of to the system. I use the launcher 1.6.48 to launch the game, get to the start screen and then it crashes with "Java(TM) Platform SE binary has stopped working".

[08:42:08 FATAL]: Fatal error launching game. Report this to http://bugs.mojang.com please!
java.util.ConcurrentModificationException
	at java.util.ArrayList$Itr.checkForComodification(ArrayList.java:901) ~[?:1.8.0_25]
	at java.util.ArrayList$Itr.next(ArrayList.java:851) ~[?:1.8.0_25]
	at net.minecraft.launcher.updater.MinecraftVersionManager.getInstalledVersions(MinecraftVersionManager.java:185) ~[launcher.jar:1.6.48]
	at net.minecraft.launcher.Launcher.cleanupOrphanedVersions(Launcher.java:431) ~[launcher.jar:1.6.48]
	at net.minecraft.launcher.Launcher.performCleanups(Launcher.java:495) ~[launcher.jar:1.6.48]
	at net.minecraft.launcher.game.MinecraftGameRunner.launchGame(MinecraftGameRunner.java:231) ~[launcher.jar:1.6.48]
	at com.mojang.launcher.game.runner.AbstractGameRunner.onDownloadJobFinished(AbstractGameRunner.java:186) [launcher.jar:1.6.48]
	at com.mojang.launcher.updater.download.DownloadJob.popAndDownload(DownloadJob.java:122) [launcher.jar:1.6.48]
	at com.mojang.launcher.updater.download.DownloadJob.access$000(DownloadJob.java:12) [launcher.jar:1.6.48]
	at com.mojang.launcher.updater.download.DownloadJob$1.run(DownloadJob.java:86) [launcher.jar:1.6.48]
	at java.util.concurrent.Executors$RunnableAdapter.call(Executors.java:511) [?:1.8.0_25]
	at java.util.concurrent.FutureTask.run(FutureTask.java:266) [?:1.8.0_25]
	at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1142) [?:1.8.0_25]
	at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:617) [?:1.8.0_25]
	at java.lang.Thread.run(Thread.java:745) [?:1.8.0_25]
[08:42:36 ERROR]: Game ended with bad state (exit code 255)
[08:42:36 INFO]: Ignoring visibility rule and showing launcher due to a game crash
[08:42:36 INFO]: Deleting C:\Users\Tuomas\AppData\Roaming\.minecraft\versions\1.8.8\1.8.8-natives-415961651478623

I attached the full Launcher Log.