Hong Kong SFC Clarifies Prediction Markets Are Not Investment Products

Hong Kong's Securities and Futures Commission (SFC) investor education committee has clarified that transactions and contracts within prediction markets are not classified as investment products. According to NS3.AI, the committee emphasized that individuals participating in these markets are not afforded protection under the Securities and Futures Ordinance or the regulations enforced by the SFC. The committee also cautioned that seeking recourse could be challenging or even impossible if issues occur.