Gate News message, April 18 — Hong Kong’s Securities and Futures Commission (SFC) Investment and Financial Education Committee issued a warning that prediction market trading activities are not investment products and lack regulatory protection. The committee stated that participants in prediction markets face potential difficulties in seeking recourse if issues arise, and may have no means of redress whatsoever.
The committee emphasized that prediction markets are speculative markets designed for making predictions, allowing participants to place bets on the outcomes of specified future events. These activities contain elements of gambling, and the committee warned that prediction market trading in Hong Kong may currently constitute illegal gambling.
The SFC committee distinguished between investment and gambling, noting that true investment involves assessing an asset’s intrinsic value and potential—whether in stocks, bonds, precious metals, property, collectibles, or virtual assets. The committee urged the public to reflect on the fundamental nature of investment and to distinguish between investing and gambling.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polymarket’s Popular Prediction: Can a Permanent Peace Agreement Between the US and Iran Be Implemented in 2026?
Can a permanent peace agreement between the US and Iran be reached in 2026? Polymarket prediction markets provide a probability distribution across different time milestones, with total trading volume exceeding $78 million.
GateInstantTrends34m ago
PSG's Champions League Odds Surge to 57% on Polymarket After Semifinal Win, Up 29% in 24 Hours
According to Odaily Seer monitoring Polymarket data, Paris Saint-Germain's odds to win the Champions League rose to 57% earlier today, up 29% in 24 hours, while Arsenal's odds stand at 43%, up 1% over the same period. PSG advanced to the final after drawing 1-1 away against Bayern Munich in the Cham
GateNews2h ago
Whale Account Buys $260,000 Spurs -9.5 Spread on Polymarket Ahead of NBA Playoff Game Today
According to Odaily Seer, a 54% win-rate account (0xa2cced8bfae7d645f7f437fb76becf2fcbb70cbc) purchased $260,000 in Spurs -9.5 spread bets on Polymarket today (May 7) ahead of the NBA Western Conference semifinals Game 2 against the Timberwolves, which begins at 9:30 a.m. Beijing time. The account o
GateNews3h ago
Profitable Polymarket Account Buys $60K Position on 76ers in NBA Playoff Game 2
According to Odaily Seer, an account with over $2.2 million in lifetime gains purchased $60,000 worth of positions betting on the 76ers to defeat the Knicks in Game 2 of the NBA Eastern Conference Semifinals on Polymarket, with an average entry price of 20 cents. The position is currently
GateNews3h ago
Account With 41% Win Rate Purchases $103K Bayern Munich Victory Contracts on Polymarket Ahead of May 7 Champions League Semifinal
According to Odaily Seer, an account with a 41% historical win rate purchased $103,000 in Bayern Munich victory contracts on Polymarket on May 6 at an average entry price of 60.8 cents. The Champions League semifinal second leg between Bayern Munich and Paris Saint-Germain is scheduled for May 7 at
GateNews12h ago
Polymarket's U.S. Market Return Underperforms, CEO Justin Hertzberg Seen as Nominal Role
According to The Information, Polymarket's U.S. business expansion has underperformed since its re-entry through acquiring a regulated derivatives exchange, with market share trailing competitor Kalshi.
CEO Justin Hertzberg's responsibilities are primarily limited to regulatory document signing, wi
GateNews14h ago
