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Yes that's insider trading, in fact ALL TRADING IS INSIDER TRADING, and there is absolutely nothing wrong with that. The initiation of coercion is the only thing that's ever wrong, and insider trading does not by definotion coerce. If you were about to force a regulation on a company and you bet based on that, THAT would be unethical insider trading. Funny how the government criminalizes some insider trading while keeping profiting off of government regulation legal.
Also this question is hilarious! Is it insider trading if I buy puts on Boeing when I'm INSIDE the wrecked aeroplane? lmao!!