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Hong Kong bureau suspends plans to regulate basketball betting

Regulation

Hong Kong’s Home and Youth Affairs Bureau suspended plans to regulate basketball betting, which had been scheduled to launch in September 2026. The bureau said it would study emerging models and platforms more closely amid concerns about prediction markets; the proposed market had been intended to operate under the Hong Kong Jockey Club.

The suspension puts the planned regulated basketball betting market and its September 2026 launch on hold.

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Regulation

Hong Kong pauses basketball betting launch for prediction markets review

Hong Kong's Home and Youth Affairs Bureau said the government had paused preparations for basketball betting while it studies prediction markets. The Hong Kong Jockey Club said it would comply and await further guidance on its licence application; the government said it considered sports betting through prediction markets illegal gambling. Officials cited global trading volume rising from US$16bn in 2024 to US$64bn in 2025.

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