Prediction markets and the essence of investment
Trading activities in “prediction markets” may currently constitute illegal gambling in Hong Kong. Individuals who participate in “prediction markets” do not have protections under any laws and regulations administered by the Securities and Futures Commission (SFC). If problems arise, it may be difficult or even impossible to seek recourse.
Be cautious of investment recommendations from unlicensed finfluencers
Investors should exercise caution when considering investment advice from finfluencers. Potential risks of unlicensed finfluencers include dissemination of misleading information, failure to disclose conflicts of interest, or even manipulation by fraudsters. Use the SFC’s “Public Register of Licensed Persons and Registered Institutions” to confirm whether a finfluencer is properly licensed.
The IFEC FinEd Hub
Visit the Hub for an immersive financial learning experience with interactive games. Book now for a free-of-charge visit at The Mills in Tsuen Wan. For enquiry, you are welcome to call 2394 7822.