Betting scandal inside the UK's ruling Conservative Party mars election race

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A number of officials in Britain's ruling Conservative party have been accused of using inside knowledge to win bets on the date of the general election.

Five people connected to U.K. Prime Minister Rishi Sunak are being investigated over reports they placed bets on the date of the July 4 election before it was announced.The use of confidential information in order to gain an unfair advantage when betting can constitute a criminal office in Britain under Section 42 of the Gambling Act.

The Conservative Party's campaign director Tony Lee, and his wife, Laura Saunders — the party's candidate in Bristol North West — are also being looked into by the Gambling Commission. Britain's Metropolitan Police was contacted by the Gambling Commission about alleged bets made by a police officer on the July polling day.

"What I can tell you is if anyone is found to have broken the rules, not only should they face the full consequences of the law, I will make sure that they are booted out of the Conservative Party," Sunak told a live audience. Sunak told reporters on Monday that he and his family had not placed a bet on the timing of the election.

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