We have some very strange laws on the books these days ! If anyone gets a little privileged information and uses that to profit from share trading they can be arrested and charged with " insider trading ".
Yet we can legally bet on horses, dogs, all forms of football and other sports - and who wins or loses elections !
Now it appears that the politicians are laying bets on not only the outcome of the Federal election due later this month - but the state election to be held early next year.
It seems that this betting is often on the basis that the party they represent losing the election will reward them with a profit.
It would seem to many that this is a form of insider trading. Not only do politicians have access to the intense voter samplings taken out by all political parties, but they are in a position to influence the outcome.
Some may even wonder if the stream of cabinet leaks undermining Julia Gillard's chance of election victory are coming from a political insider with a big wager on a Labor loss !
If so, we have reached a new low in politics !
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