[John Lee: Predictive Markets Involving Virtual Currency Must Consider Risks] Odaily Planet Daily News – Hong Kong SAR Chief Executive John Lee met with the media before attending the Executive Council meeting and was asked about the suspension of 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, which he believes is appropriate. John Lee emphasized that the suspension of the policy is not solely due to gambling reasons but is also related to virtual currency. The Hong Kong government has observed a significant increase in the trading volume of illegal gambling 'predictive markets,' which is linked to the ability to place bets using cryptocurrencies. Therefore, the policy should not be blindly advanced. (HK01)