In the UK some MPs and police officers put bets on the date of the next general election on the basis of inside information. Apparently you can be prosecuted for cheating in a bet:
"The investigation, initiated in June 2024, focused on individuals suspected of using confidential information - specifically advance knowledge of the proposed election date - to gain an unfair advantage in betting markets. Such actions constitute an offence of cheating under Section 42 of the Gambling Act 2005, a criminal offence."
"The investigation, initiated in June 2024, focused on individuals suspected of using confidential information - specifically advance knowledge of the proposed election date - to gain an unfair advantage in betting markets. Such actions constitute an offence of cheating under Section 42 of the Gambling Act 2005, a criminal offence."
https://www.gamblingcommission.gov.uk/news/article/gambling-...