Prediction market industry executives call for regulatory clarity in Asia: is it finance or gambling?

Prediction market industry executives stepped up lobbying at the iFX Expo Asia in Hong Kong, calling for clearer regulation of prediction markets across Asia while attempting to draw a clear line between their business and gambling and downplay its risks. Regulators and legal experts in Hong Kong and across Asia are debating whether such platforms should be regulated as financial products or as a form of gambling.