Why Hong Kong is hitting pause on basketball betting

AdvertisementHong Kong societyOpinionHong Kong OpinionMike RowseOpinionWhy Hong Kong is hitting pause on basketball bettingAs prediction platforms rise, the problem is not so much gambling but sports corruption. Unregulated betting offers temptingly large sums 3-MIN READ3-MIN ListenMike RowsePublished: 5:30am, 20 Apr 2026Many Hongkongers would have been surprised last week that the government was postponing the introduction of basketball betting. It was only months ago that the bill had been enacted by the Legislative Council. So clearly it was a matter that fell within our high degree of autonomy. And the Hong Kong Jockey Club was known to be hard at work preparing for implementation.But listeners to RTHK’s Backchat programme in early February may have come away with an inkling that all might not be well. Experts on the show had explained how the rapid growth of prediction market platforms in the United States overlapped with gambling operations, particularly in sports betting. Whereas gambling operations are regulated, as indeed they are in Hong Kong where the Jockey Club has a monopoly, prediction platforms operate in a grey area.Until we work out how to address this new threat to clean sport, it is probably best to pause for breath. Because the real problem here is not so much gambling as the corruption that pervades all too many sports. Unregulated betting can make available huge sums sufficient to tempt all but the most upright citizen. Once corruption takes hold, the merits of sport itself are undermined. AdvertisementHeadlines from around the world show the curse of corruption has plagued all too many sports; football, basketball, cricket have all come under scrutiny recently. And invariably a bookmaker behind the scenes has been able to find someone on the pitch or on the court prepared to dishonour his profession for a price. Even our own horse racing, in whose integrity we now take so much pride, was not always so pristine. I remember how in the days before the Independent Commission Against Corruption was formed, there was considerable speculation that the outcomes of certain races were fixed. Nowadays punters generally have more confidence as stewards are on the alert for horses not allowed to run their best race. Appropriate disciplinary action can then be taken. AdvertisementThe cricketing world has been shaken by evidence of corruption involving players from South Africa to India, including some of the top names in the sport, even captains of national squads. The misbehaviour includes in-match bets and similar exotic manipulation which implies a high degree of coordination and conspiracy. Prediction market platforms in the US, like Polymarket, allow customers to bet on binary outcomes of future events and overlap with sports betting. Photo: APAdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x