Prediction markets: Hong Kong ban alone will not solve risks, legal experts say

Legal experts in Hong Kong believe a ban on prediction markets would not fully address the risks associated with these platforms. Prediction markets currently exist in a legal grey area under Hong Kong's gambling laws, raising concerns about market manipulation and consumer protection. While a ban could limit access to these largely unregulated sites, authorities would encounter significant difficulties in collecting evidence and prosecuting individuals involved in online prediction market transactions. Lawyers anticipate practical challenges for authorities in enforcing such a ban.