Prediction markets under the radar – Hong Kong signals heightened risk

In mid-April 2026, the Hong Kong SAR Government paused the rollout of basketball betting (originally planned for late 2026) based on concerns that basketball betting might fuel prediction markets gambling. This comes after lawmakers had approved the Betting Duty (Amendment) Bill 2025 in September 2025 to legalise basketball betting, empowering the Secretary for Home and Youth Affairs to issue basketball betting operator licences.... By: Hogan Lovells