Gambling using inside information is a serious illegal and highly unruly behavior, which will bring serious consequences in many ways.： ### Legal level 1. **Violation of securities laws** -Insider trading itself is an act expressly prohibited by the securities law. Insider information Insiders use undisclosed important information to trade transactions (including indirectly using information advantages to profit through gambling), which harms the fair right to know of other investors and destroys the principles of fairness, impartiality and openness in the securities market. -For example, company executives knew that the company was about to have major good news, but disclosed this news to related parties involved in gambling, allowing them to profit from illegal gambling-related transactions before the stock price rose, which is a clear violation of the Securities law on the prohibition of insider trading regulations. 2. **Violation of criminal law** -Insider trading with serious circumstances may constitute the crime of insider trading or disclosure of inside information. If the act of gambling with inside information reaches a certain degree of harm, it will violate the criminal law. -For example, if the illegal profit from insider trading is huge, or it causes serious damage to the order of the securities market, the judicial organs will impose criminal penalties on the relevant responsible persons in accordance with the Criminal law. ### Social level 1. **Disrupt market order** -This behavior distorts the market price formation mechanism and prevents resources from being rationally allocated. Under normal circumstances, the prices of stocks and other securities are formed based on public information such as the company's true performance and industry prospects. However, the use of inside information gambling has caused the stock price to be unreasonably manipulated, misleading other investors to make wrong decisions, leading to market chaos and harming the healthy development of the entire financial market. -For example, some unscrupulous elements use inside information to gamble in the futures market, artificially raising or lowering commodity prices, affecting the normal production and operation of related industrial chain enterprises and the balance of market supply and demand, and destroying the order of the market economy. 2. **Harm to the public interest** -Ordinary investors are at an information disadvantage. When there is the act of gambling with inside information, their interests will inevitably be violated. These violations of laws and regulations have caused investors to suffer economic losses and reduced the public's trust in financial markets. -For example, many small and medium-sized shareholders unknowingly bought stocks when the stock price was manipulated by insider trading, and then the stock price fell and caused losses, which affected investors' property safety and quality of life, and also had a certain negative impact on social stability. In short, the use of inside information to gamble is a serious violation of the law and harms the interests of many parties, and there is no so-called compliance.