Published by Global Banking & Finance Review®
Posted on April 14, 2025
2 min readLast updated: January 24, 2026
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A former Conservative lawmaker and 14 others face charges over betting on UK election timing, with allegations of insider information use.
LONDON (Reuters) - A former lawmaker in Britain's now opposition Conservative Party has been charged alongside 14 others with gambling offences over bets made on the timing of the national election last year, the Gambling Commission said on Monday.
Britain's election dates are not fixed and the timing of a vote, decided by the prime minister, is subject to fevered speculation, with bookmakers taking bets on possible outcomes.
Craig Williams, an aide of former prime minister Rishi Sunak, bet 100 pounds ($128) that Sunak would call an election in July 2024, just days before he did, according to reports.
When asked in June 2024 whether he had placed the bet based on inside information, Williams, 39, said he had "clearly made a huge error of judgement".
Later that month the Conservative Party withdrew support for Williams, who stood to win 500 pounds from the bet. He lost his seat in the election.
The Gambling Commission launched an investigation into people suspected of using confidential knowledge of the election date to gain an unfair advantage in betting markets, an offence under the Gambling Act 2005.
"The Commission is committed to upholding the law and will continue to take robust action against illegal betting practices, including investigating and prosecuting offences," it said in a statement.
The 15 charged will appear at Westminster Magistrates Court on June 13, the Gambling Commission said.
(Reporting by Paul Sandle; Editing by Kate Holton)
The article discusses charges against a former Conservative lawmaker and others for betting on UK election timing using insider information.
Craig Williams is a former aide of ex-prime minister Rishi Sunak, charged with betting offences related to UK election timing.
The Gambling Commission investigates and prosecutes illegal betting practices, including the use of insider information.
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