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Hong Kong proposes exploring regulated basketball betting

Regulation

Hong Kong Financial Secretary Paul Chan Mo-po proposed exploring regulated basketball betting in the budget released on 26 February, with the Hong Kong Jockey Club invited to submit proposals. The club welcomed the initiative and said it would provide recommendations; lawmaker Brave Chan Yung raised concerns about possible effects on young people if betting is legalised.

A proposal could create a regulated basketball betting market while raising concerns about youth gambling exposure.

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Hong Kong government delays legal basketball betting launch over prediction-market concerns

Hong Kong’s government has delayed the planned launch of legal basketball betting, which had been scheduled for September, citing uncertainty around prediction markets. Secretary for Home and Youth Affairs Alice Mak said passing the law did not require licences to be issued on a fixed timetable; the government said it would study the emerging platforms further, with no new launch date announced.

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