Opinion | Why governments beyond Hong Kong are wary of prediction markets

    Opinion | Why governments beyond Hong Kong are wary of prediction markets

    After winning legislative backing for the Hong Kong Jockey Club to offer basketball betting – an initiative aimed at drawing punters away from illegal online bookmakers and capturing additional tax revenue – the government has now paused the roll-out. Officials say the rise of prediction markets has altered the landscape and warrants closer examination. So,…

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    Prediction market platforms in the US, like Polymarket, allow customers to bet on binary outcomes of future events and overlap with sports betting. Photo: AP

      Opinion | Why Hong Kong is hitting pause on basketball betting

      Many Hongkongers would have been surprised last week that the government was postponing the introduction of basketball betting. It was only months ago that the bill had been enacted by the Legislative Council. So clearly it was a matter that fell within our high degree of autonomy. And the Hong Kong Jockey Club was known…

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      Call to check tech trends when drafting policies after basketball betting U-turn

        Call to check tech trends when drafting policies after basketball betting U-turn

        Hong Kong authorities should consider the impact of technological developments when drafting policies, observers have said, noting the government’s decision to halt plans for basketball betting reflected a lack of thorough discussion. Their remarks on Tuesday followed the government announcing the suspension over concerns about new “prediction market” gambling while warning that it was illegal…

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        Hong Kong Tourism Board

          Hong Kong Mega 8 Brings World-Class Sports to the Events Capital of Asia

          Hong Kong Tourism Board International fans unite for high-octane competitions across rugby, horse-racing and cycling HONG KONG, March 19, 2026 (GLOBE NEWSWIRE) — Hong Kong is gearing up for an extraordinary season of world-class mega-events this March and April. As part of the Hong Kong Mega 8 campaign, visitors can experience an exhilarating blend of eight sports, arts and culture events that showcase vibrant energy and…

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