The offences relate to bets placed before then Prime Minister Rishi Sunak publicly announced on 22 May 2024 that the election would take place on 4 July.
According to the UKGC’s official statement, Anthony Lee had access to confidential discussions about the election timetable through his campaigning role.
He used that information to place bets and passed it to Laura Lee, who also placed bets. Amy Hind, a former Conservative Party employee, placed bets after receiving confidential information.
Katharine Diamond, the regulator’s General Counsel, said:
Betting markets must be fair and must not be undermined by people using confidential information for their own benefit.
The UKGC described the case as a significant step in protecting the integrity of betting markets. Similar concerns about confidential political information have prompted restrictions elsewhere, including Alberta’s prohibition on election and political betting.