In a statement Tuesday night, Craig — who was running for the Central Suffolk and North Ipswich seat — admitted he had bet against himself, insisted it was for charity, and said sorry to his party. Labour dropped him after being notified of a Gambling Commission investigation.
“Throughout my life I have enjoyed the odd bet for fun whether on politics or horses,” Craig said.
“A few weeks ago when I thought I would never win this seat I put a bet on the Tories to win here with the intention of giving any winnings to local charities,” he said.
“While I did not place this bet with any prior knowledge of the outcome, this was a huge mistake, for which I apologise unreservedly.”
Craig added: “I deeply regret what I have done and will take the consequences of this stupid error of judgement on the chin.”
A Labour party spokesperson said: “With Keir Starmer as leader, the Labour party upholds the highest standards for our parliamentary candidates, as the public rightly expects from any party hoping to serve, which is why we have acted immediately in this case.”
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