Hong Kong Government
Hong Kong's government has suspended its plan to launch legal basketball betting, citing the rise of prediction markets. Home and Youth Affairs Minister Alice Mak Mei-kuen said the decision considers local circumstances and evolving external conditions to protect public interest. Former lawmaker Doreen Kong Yuk-foon called for predicting technological influences in future policy papers.
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Swire Coca-Cola has won a HK$31.9 million, 27-month contract to supply Bonaqua drinking water to some Hong Kong government offices. This comes after a HK$52.9 million procurement scandal last year involving a mainland supplier. The tender included stricter requirements for suppliers.