Soldier charged for insider bets on Maduro raid profits

1 min read
Source: The Washington Post
Soldier charged for insider bets on Maduro raid profits
Photo: The Washington Post
TL;DR Summary

Federal prosecutors charged Special Forces soldier Gannon Ken Van Dyke with using confidential government information to win roughly $400,000 through bets on Polymarket about the seizure of Venezuelan President Nicolás Maduro. The case alleges insider trading and cites commodities and wire fraud charges, marking the first prosecution tied to prediction-market bets and spotlighting calls for tighter regulation of prediction markets.

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