• circuscritic
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    29 days ago

    Actually…that makes a lot more sense and I don’t recall that being brought up in article, but maybe I missed it.

    I would say that elections are public affairs, and have widespread coverage, including public polling data, but I can see the analogy to insider trading.

    Even if the only one’s hurt here are the bookies, it’s probably not an activity that should be publicly accepted as normal.

    • thefactthat@lemmy.world
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      29 days ago

      Yeah, to be fair the article’s not very clear.

      I would say that elections are public affairs, and have widespread coverage, including public polling data, but I can see the analogy to insider trading.

      To be even clearer, he didn’t bet on the outcome of the election, just that it would take place in July. Legally Sunak has to call an election before January 2025 but there has been a lot of speculation for the last six months about when it’s going to happen. A lot of people assumed we wouldn’t have an election until the autumn so Sunak’s announcement a few weeks ago came as a big surprise.