..

Online Gambling Foe Spencer Bachus Subject of Insider-Trading Probe

Written by:
Guest
Published on:
Feb/10/2012
Online Gambling Foe Spencer Bachus Subject of Insider-Trading Probe

One of the online gambling industry’s most outspoken opponents, Republican Spencer Bachus of Alabama, is being investigated as part of an insider-trading probe. 

From Market Watch

House Financial Services Committee chief Rep. Spencer Bachus is the subject of an insider-trading probe by a congressional watchdog group, the Washington Post reported late Thursday. The Alabama Republican was among those highlighted in a CBS News report on "60 Minutes" about members of Congress allegedly profiting from insider information, a practice that is set to become illegal under a bill recently passed by both houses. The probe into Bachus's trading was opened last year and focuses on "numerous suspicious trades on Bachus's annual financial disclosure forms," the report said, citing unnamed sources. It quoted a Bachus statement as saying: "The Office of Congressional Ethics has requested information and I welcome this opportunity to present the facts and set the record straight."

Baccus has fought vigorously to prevent online gamlbing from being legalized in the United States in recent years. 

- Gambling911.com Staff

Politics News

Tammy Duckworth Veepstake Odds Long Despite Endorsement

Tammy Duckworth Veepstakes Odds Long Despite Endorsement

Tammy Duckworth has 12-1 odds of being selected Joe Biden's running mate for the 2020 US Presidential election. 

Joe Biden Moves From -160 to -175 to Win 2020 Election

Joe Biden Moves From -160 to -175 to Win 2020 Election

Former US Vice President Joe Biden has seen his odds move from -160 to -175 to win the 2020 Presidential election.

Biden Dominates in Latest Poll, Odds Stay Steady for Now

Biden Dominates in Latest Poll, Odds Stay Steady for Now

Former Vice President Joe Biden has now taken a dominant lead in the polls over the sitting US President Donald Trump.  It was the largest national lead to date, up 14 points. 

Biden Surges Ahead of Trump in Latest Odds

Biden Surges Ahead of Trump in Latest Odds

Following President Trump's rally in Tulsa, the betting markets have moved Joe Biden to a -160 favorite while Trump is a +130 underdog.  Those odds were holding steady as of Tuesday morning with the US President heading to another coronavirus hot spot of Arizona to give a speech before another crowd.

Trump Rally Sees Joe Biden's Odds Improve

Trump Rally Sees Joe Biden's Odds Improve

Dave Mason of BetOnline shared with Forbes.com that the site saw over 80% of all bets placed Saturday evening come in on the election, much of them during and immediately following US President Donald Trump's controversial rally in Tulsa, Oklahoma. 

Syndicate