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Hong Kong halts legal basketball betting launch over prediction market fears, GambleRss reports
- Hong Kong halts legal basketball betting launch over prediction market fears, GambleRss reports — Hong Kong's Home and Youth Affairs Bureau paused the Hong Kong Jockey Club basketball betting launch to study in depth whether it would encourage participation in prediction platforms, which the bureau described as illegal gambling. Minister Alice Mak said prediction markets were not as prevalent during earlier committee hearings, and soccer betting in Hong Kong totaled HK$172.8 billion last year. (GambleRss)
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