Many more people than the leading Tories already identified are being investigated by the gambling regulator in relation to bets on the date of the general election, Sky News understands.
And in a major new development, the watchdog has widened its inquiries to investigate whether people with inside knowledge may have asked a third party to place a bet for them.
Sky News also understands that investigators have written to leading bookmakers asking for details of bets of £20 or more on the election date within days of Rishi Sunak announcing it on May 22.
The body carrying out the investigation, the Gambling Commission, already takes a close interest in political betting and carries out extra checks on bets by people connected with politics, Sky News has been told.
The gambling industry also regards politicians and those who work closely with them as PEPs, politically exposed persons who are people “entrusted with a prominent public function”.
That’s because these people generally “present a higher risk for potential involvement in bribery and corruption by virtue of their position and influence”, according to the Law Society.
Image: Nick Mason, the Conservative’s chief data officer, is being investigated by the Electoral Commission
Image: Laura Saunders is the party’s candidate in Bristol North West.
Pic: Laura Saunders for Bristol North West
It emerged on Saturday evening Nick Mason, the Tory party’s chief data officer, was the fourth Conservative candidate or official being investigated. He has taken a leave of absence and denies any wrongdoing.
Mr Sunak’s parliamentary private secretary Craig Williams, the Tory candidate for Montgomeryshire and Glyndwr, admitted last week to placing a “flutter” on the date of the election.
Image: Craig Williams admitted to betting on the election date. Pic: PA
Home Secretary James Cleverly told Sky News’ Sunday Morning with Trevor Phillips he had been told “very, very clearly” to not discuss the investigation.
He added: “I’m not in any way going to defend people who placed bets on that.”
Asked whether there was a wider betting circle, Mr Cleverly said: “That’s not my understanding. My understanding is it’s a small number of individuals.”
He also said he has “no reason to believe” any ministers are involved in betting on the timing of the election.
What is the law around gambling?
There are strict rules around gambling, with the latest laws updated in 2005.
Section 42 of the Gambling Act 2005 deals with cheating and says a person commits an offence if they cheat at gambling or do “anything for the purpose of enabling or assisting another person to cheat at gambling”.
It adds: “It is immaterial whether a person who cheats improves his changes of winning anything, or wins anything.”
Cheating is defined as an “actual or attempted deception or interference in connection with the process by which gambling is conducted, or a real or virtual game, race or other event or process to which gambling relates”.
Someone found guilty of cheating at gambling can be imprisoned for a maximum of two years and/or fined, or six months in prison for a lesser offence.
Betting with insider knowledge is also not allowed as an MP, with the MPs’ code of conduct prohibiting members from “causing significant damage to the reputation and integrity of the house”.
A Gambling Commission spokesman said: “The Gambling Commission regulates gambling in the interests of consumers and the wider public.
“Currently, the Commission is investigating the possibility of offences concerning the date of the election.
“This is an ongoing investigation, and the Commission cannot provide any further details at this time. We are not confirming or denying the identity of any individuals involved in this investigation.”
A Conservative spokesman told Sky News: “As instructed by the Gambling Commission, we are not permitted to discuss any matters related to any investigation with the subject or any other persons.”
The other candidates for Bristol North West are:
Caroline Gooch, Lib Dems
Darren Jones, Labour
Scarlett O’Connor, Reform UK
Mary Page, Green Party
Ben Smith, SDP
The other candidates for Montgomeryshire and Glyndwr are:
At a press conference today in which Reform UK announced the Tory police and crime commissioner for Leicestershire was joining their ranks, as well as former prison governor Vanessa Frake, I asked Nigel Farage a simple question.
But his answer wasn’t what I expected.
I asked the Reform UK leader if the six-week campaign on law and order, with the tagline “Britain is Lawless”, was in fact project fear scaring people into voting for his party.
He utterly rejected that claim and responded to me saying: “No, they are afraid. They are afraid. I dare you, I dare you to walk through the West End of London after 9 o’clock of an evening wearing jewellery. You wouldn’t do it. You know that I’m right. You wouldn’t do it.”
I am not afraid to walk in the West End of London after 9pm wearing jewellery.
I have done it many times before and will continue to do so… but perhaps that is because I do not own a Rolex.
However, just because Farage is wrong on that point, doesn’t mean he isn’t tapping into other legitimate fears across the country.
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Snatch theft does worry me, hence why I now have a phone case with a strap attached to it that I can put around my body.
And I worry about knife crime in my area and what the impact could be if I were to have children – on the weekend someone was stabbed to death a stone’s throw from my house.
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Farage ‘not mincing his words’
However, if we look at the statistics, it is invariably a more nuanced picture than Farage or social media might have us believe.
And the Office for National Statistics (ONS) also notes that thefts outside of the home, eg phone snatching, has increased.
However, possession of weapons has fallen in London by 29% over the last three years.
And according to the ONS, crime in England and Wales is 30% lower than in 2015, and 76% lower than 1995.
And it is a similar picture for violent crime.
In short, am I right to be more worried that snatch theft and knife crime in London is increasing? Yes, and no.
But Nigel Farage is tapping into voters’ emotions – their feelings that the country is broken. It’s a picture the Conservative Party helped to create and the Labour Party happily painted to great effect during the general election campaign of 2024.
And the more politicians of all colours tell voters that “the system is broken”, the more voters might start to believe them.
Profit-taking broke a 15-week winning streak of global cryptocurrency ETPs last week after hawkish remarks that followed last week’s US Fed rate decision.