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Unusual burst of bets preceded Rishi Sunak’s election announcement

Prime minister says he will ‘boot’ out anyone from the party found to have broken the rules

An unusual burst of bets on a July poll preceded Prime Minister Rishi Sunak’s announcement of the UK general election, according to an analysis of public market data by the Financial Times.

The data from Betfair Exchange adds to concerns about political insiders gambling on the timing of the July 4 poll. It excludes wagers made through other bookmakers.

The bets included several thousand pounds wagered on the day before the May 22 announcement, when the odds implied a less than 25 per cent chance of an election being called for July.

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