Legalisation

Hong Kong Chief Executive Defends Pause on Basketball Betting Legalisation

Hong Kong Chief Executive John Lee has defended the government's decision to halt the legalisation of basketball betting, emphasising the policy was never intended to encourage gambling. Lee cited the rapid growth of prediction markets, which surged 130 per cent over two years, with 40 per cent of activity tied to sports events, calling it a worrying trend that requires thorough risk assessment before proceeding.