深潮TechFlow
深潮TechFlow|Apr 22, 2026 04:48
[John Lee: Risk Considerations Needed for Prediction Markets Involving Virtual Currencies] Deep Tide TechFlow reports that on April 22, according to Hong Kong media HK01, Hong Kong SAR Chief Executive John Lee met with the press before attending an Executive Council meeting and was asked about the suspension of the basketball betting tax. He stated that the Home Affairs Bureau needs to conduct regular reviews and hopes to manage risks before continuing to implement the basketball betting tax policy, considering this move appropriate. John Lee emphasized that the suspension of the policy is not solely due to gambling reasons but is also related to virtual currencies. The Hong Kong government has observed a significant increase in transaction volumes in illegal gambling "prediction markets," which are linked to the ability to place bets using cryptocurrencies. Therefore, the policy should not be blindly advanced.
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