The upcoming European National Cup has sent shockwaves through the online gambling world, with platforms enticing Hong Kong residents into illegal betting using cryptocurrencies. This illicit activity has been fueled by the growing popularity of cryptocurrencies, with the number of gambling websites accepting the top five cryptocurrencies by global market value - BTC, ETH, Tether, BNB, and Solana - increasing from 648 in 2020 to 811 in 2024, a staggering 25% growth.

Among the 20 most popular illegal gambling websites in Hong Kong, a whopping 12 accept cryptocurrency bets, providing a lucrative opportunity for criminals to exploit the situation. The Hong Kong police have taken notice of this trend and have vowed to adopt a four-pronged strategy of prevention, education, intelligence, and law enforcement to combat all forms of illegal gambling.

In response to the potential illegal peripheral gambling activities during the European National Cup, the police have strengthened their intelligence gathering efforts and will take appropriate law enforcement actions when necessary. This move is a clear indication of the authorities' commitment to protecting the public from the dangers of illegal gambling.

The growth of illegal gambling activities in Hong Kong is a significant concern, as it not only threatens the financial well-being of individuals but also undermines the integrity of the sports themselves. The police's efforts to combat this issue are crucial in maintaining public trust and ensuring that the sports industry remains free from corruption.

In conclusion, the European National Cup has sparked a wave of illegal cryptocurrency betting in Hong Kong, highlighting the need for increased vigilance and enforcement. The police's commitment to combating illegal gambling activities is a positive step towards protecting the public and maintaining the integrity of the sports industry.