{"id":27390,"date":"2026-05-01T03:30:20","date_gmt":"2026-05-01T07:30:20","guid":{"rendered":"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/"},"modified":"2026-05-01T03:30:20","modified_gmt":"2026-05-01T07:30:20","slug":"why-governments-beyond-hong-kong-are-wary-of-prediction-markets","status":"publish","type":"post","link":"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/","title":{"rendered":"Why governments beyond Hong Kong are wary of prediction markets"},"content":{"rendered":"<div>After winning legislative backing for the Hong Kong Jockey Club to offer basketball betting \u2013 an initiative aimed at drawing punters away from illegal online bookmakers and capturing additional tax revenue \u2013 the government has now paused the roll-out.<br \/>\nOfficials say the rise of prediction markets has altered the landscape and warrants closer examination. So, what is it about prediction markets that unsettles officials?<br \/>\nPrediction markets are online platforms where the menu stretches far beyond&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After winning legislative backing for the Hong Kong Jockey Club to offer basketball betting \u2013 an initiative aimed at drawing punters away from illegal online bookmakers and capturing additional tax revenue \u2013 the government has now paused the roll-out. Officials say the rise of prediction markets has altered the landscape and warrants closer examination. So, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[],"class_list":["post-27390","post","type-post","status-publish","format-standard","hentry","category-south-china-morning-post"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why governments beyond Hong Kong are wary of prediction markets - Sting FM<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why governments beyond Hong Kong are wary of prediction markets - Sting FM\" \/>\n<meta property=\"og:description\" content=\"After winning legislative backing for the Hong Kong Jockey Club to offer basketball betting \u2013 an initiative aimed at drawing punters away from illegal online bookmakers and capturing additional tax revenue \u2013 the government has now paused the roll-out. Officials say the rise of prediction markets has altered the landscape and warrants closer examination. So, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Sting FM\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-01T07:30:20+00:00\" \/>\n<meta name=\"author\" content=\"stingfm\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"stingfm\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/\",\"url\":\"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/\",\"name\":\"Why governments beyond Hong Kong are wary of prediction markets - Sting FM\",\"isPartOf\":{\"@id\":\"https:\/\/www.stingfm.com\/news\/#website\"},\"datePublished\":\"2026-05-01T07:30:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.stingfm.com\/news\/#\/schema\/person\/75b68690ff6fff7cd0c3c1d50fa16232\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.stingfm.com\/news\/why-governments-beyond-hong-kong-are-wary-of-prediction-markets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.stingfm.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why governments beyond Hong Kong are wary of prediction markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.stingfm.com\/news\/#website\",\"url\":\"https:\/\/www.stingfm.com\/news\/\",\"name\":\"Sting FM\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.stingfm.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.stingfm.com\/news\/#\/schema\/person\/75b68690ff6fff7cd0c3c1d50fa16232\",\"name\":\"stingfm\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.stingfm.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fdc64e30c2f5f6ed575e3a7d39b6e5a3f0449eee09ee89b320151a80fcc9caba?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fdc64e30c2f5f6ed575e3a7d39b6e5a3f0449eee09ee89b320151a80fcc9caba?s=96&d=mm&r=g\",\"caption\":\"stingfm\"},\"sameAs\":[\"https:\/\/stingfm.com\/news\"],\"url\":\"https:\/\/www.stingfm.com\/news\/author\/stingfm\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why governments beyond Hong Kong are wary of prediction markets - Sting FM","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Why governments beyond Hong Kong are wary of prediction markets - Sting FM","og_description":"After winning legislative backing for the Hong Kong Jockey Club to offer basketball betting \u2013 an initiative aimed at drawing punters away from illegal online bookmakers and capturing additional tax revenue \u2013 the government has now paused the roll-out. Officials say the rise of prediction markets has altered the landscape and warrants closer examination. 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