Hong Kong is proposing legalizing soccer betting. Apparently there is a huge underground bookie network there and the government hopes to cash in by legalizing / taxing the action. Sounds like there is a lot of opposition though.

The government has said its gambling proposal would raise an estimated 1.5 billion Hong Kong dollars (US$192.3 million) a year in extra tax revenue, some of which would be donated to a fund to raise public awareness about gambling addiction.

But opponents warned in a legislative hearing Wednesday that the measure would attract youngsters to gambling on soccer - a popular sport among Hong Kong students.

Link

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