The use of inside information for gambling or any form of transaction is a serious illegal act, which not only violates laws and ethical standards, but may also bring serious legal consequences. The following is the specific analysis： --- ### 1. **Legal level** -**Definition of insider trading**: According to the "Securities Law of the People's Republic of China", "Criminal Law" and other laws and regulations, insider trading refers to the use of undisclosed material information for securities and futures trading, or the act of disclosing the information for profit. Although the law mainly targets financial markets, the use of inside information to participate in other forms of gambling (such as sports events, casinos, etc.) may also constitute fraud or illegal operation. -**Criminal liability**: In China, insider trading is punishable by fixed-term imprisonment of not more than 5 years but not more than 10 years and a fine; other fraudulent acts may also constitute a crime of gambling (Article 303 of the Criminal Code) or a crime of fraud. -**Global prohibition**: Most countries (such as the United States and the European Union) classify insider trading as a criminal offense, even if it involves gambling, it may violate anti-fraud laws. --- ### 2. **Ethics and compliance risks** -**Destruction of fairness**: Inside information destroys the fairness of the market or gambling activities, is an act of dishonesty, and may harm the interests of others. -**Industry ban**: Financial, legal and other industries have strict ethical requirements for employees. Participating in such behaviors will result in professional qualifications being cancelled or banned for life. --- ### 3. **The legality of gambling itself** -**Illegal gambling is prohibited in China**: Except for lottery tickets (such as welfare lotteries and sports lotteries) in mainland China, other forms of gambling are illegal. Even if inside information is not involved, participating in illegal gambling may face public security penalties. --- ### 4. **Actual consequences** -**Legal accountability**: Once verified, participants may face fines, imprisonment, and civil compensation. -**Credit stains**: Illegal records will affect personal credit reporting, employment, immigration, etc. --- ### Suggestion -**Absolutely avoid**: Do not try to use any undisclosed information for profit, regardless of form. -**Legal investment/entertainment**: Participate in economic activities through compliance channels (such as open market investment, legal lottery). -**Consult a professional**: If you have any questions, it is recommended to contact a lawyer or a compliance consultant. Any activity that uses “inside information” as a gimmick is extremely high-risk, and compliance with laws and ethics is the only safe option.