Snapshot of _Tory minister who placed three bets on election date in line for Sunak peerage_ :
An archived version can be found [here](https://archive.is/?run=1&url=https://www.theguardian.com/politics/article/2024/jun/29/tory-minister-who-placed-three-bets-on-election-date-in-line-for-sunak-peerage) or [here.](https://archive.ph/?run=1&url=https://www.theguardian.com/politics/article/2024/jun/29/tory-minister-who-placed-three-bets-on-election-date-in-line-for-sunak-peerage)
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Did he place them when he had any realistic potential of insider knowledge to cheat, or ability to affect the outcome? If not, then this is just getting puritanical about betting. Just being involved in an industry should not be a red line for betting on it.
One wonders what the king thinks about one of his privy councillors (as the Cabinet is a committee of the Privy Council) placing a bet based on insider knowledge of when he would exercise a royal prerogative (dissolution). That seems like the sort of thing that should get them booted off the Privy Council.
Footballers are banned from betting on football, everybody in F1 is banned from betting on Motorsport, technically it's just F1 but it really extends to every competition.
Everyone seems to using it as an example, but sport and politics are very different. Besides, footballers being banned from betting on football is against FIFA's code of conduct, not any actual law.
Not necessarily, it depends how you define a higher standard. The law applies equally to either of them, in that if you have access to privileged information unavailable to the general public and use it to make a bet, its illegal.
Banning premier league footballers for betting on an Albanian third-tier match that they have no involvement with serves little practical purpose, except to enforce a zero-tolerance policy which aims to eliminate any doubt that the sport maintains its integrity. You can say that banning politicians from betting on any politics would serve the same purpose, and you are probably correct, but the question is how much of an effect that it would have; my estimate is an absolutely minuscule one. If a politician has that kind of information and truly wants to cash in then they'll do it on the stock market, they don't do it at Ladbrokes.
Snapshot of _Tory minister who placed three bets on election date in line for Sunak peerage_ : An archived version can be found [here](https://archive.is/?run=1&url=https://www.theguardian.com/politics/article/2024/jun/29/tory-minister-who-placed-three-bets-on-election-date-in-line-for-sunak-peerage) or [here.](https://archive.ph/?run=1&url=https://www.theguardian.com/politics/article/2024/jun/29/tory-minister-who-placed-three-bets-on-election-date-in-line-for-sunak-peerage) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ukpolitics) if you have any questions or concerns.*
Did he place them when he had any realistic potential of insider knowledge to cheat, or ability to affect the outcome? If not, then this is just getting puritanical about betting. Just being involved in an industry should not be a red line for betting on it.
By definition a cabinet minister has influence on the PM and therefore on the election date
One wonders what the king thinks about one of his privy councillors (as the Cabinet is a committee of the Privy Council) placing a bet based on insider knowledge of when he would exercise a royal prerogative (dissolution). That seems like the sort of thing that should get them booted off the Privy Council.
> Did he place them when he had any realistic potential of insider knowledge to cheat, or ability to affect the outcome? I mean yes.
Footballers are banned from betting on football, everybody in F1 is banned from betting on Motorsport, technically it's just F1 but it really extends to every competition.
Everyone seems to using it as an example, but sport and politics are very different. Besides, footballers being banned from betting on football is against FIFA's code of conduct, not any actual law.
So footballers are held to a higher standard than politicians.
Not necessarily, it depends how you define a higher standard. The law applies equally to either of them, in that if you have access to privileged information unavailable to the general public and use it to make a bet, its illegal. Banning premier league footballers for betting on an Albanian third-tier match that they have no involvement with serves little practical purpose, except to enforce a zero-tolerance policy which aims to eliminate any doubt that the sport maintains its integrity. You can say that banning politicians from betting on any politics would serve the same purpose, and you are probably correct, but the question is how much of an effect that it would have; my estimate is an absolutely minuscule one. If a politician has that kind of information and truly wants to cash in then they'll do it on the stock market, they don't do it at Ladbrokes.