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    Isn't this answered by the Gambling Commission spokesperson you quoted? "If someone uses confidential information in order to gain an unfair advantage when betting, this may constitute an offence of cheating under section 42 of the Gambling Act, which is a criminal offence."
    – Lag
    Commented Jun 13 at 14:21
  • @Lag No, because there is a massive "may" in there. What factors feed into that "may"?
    – User65535
    Commented Jun 13 at 14:23
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    "May" is generally defined as whatever the prosection is able to convince a jury of. (Would it be cheating to bet on the verdict?!) Commented Jun 13 at 15:08