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News Wire / conflict

US Soldier Indicted For Insider Trading

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A United States soldier is accused of pocketing $400,000 by placing bets related to the capture of Venezuelan leader Nicolás Maduro. Army Master Sergeant Gannon Ken Van Dyke faces charges of wire fraud and theft of non-public government information. Prosecutors allege Van Dyke earned over $400,000 from bets placed on the prediction market Polymarket. He reportedly withdrew these winnings on the same day as a government operation. Polymarket stated it has referred the matter to the Department of Justice and is cooperating with investigators. Special Forces soldier has been accused of making hundreds of thousands of dollars through insider trading. The soldier reportedly used information regarding the arrest of Venezuela's Nicolás Maduro to make $400,000 on the platform.

A United States soldier is accused of pocketing $400,000 by placing bets related to the capture of Venezuelan leader Nicolás Maduro. Army Master Sergeant Gannon Ken Van Dyke faces charges of wire fraud and theft of non-public government information. Prosecutors allege Van Dyke earned over $400,000 from bets placed on the prediction market Polymarket. He reportedly withdrew these winnings on the same day as a government operation. Polymarket stated it has referred the matter to the Department of Justice and is cooperating with investigators. Special Forces soldier has been accused of making hundreds of thousands of dollars through insider trading. The soldier reportedly used information regarding the arrest of Venezuela's Nicolás Maduro to make $400,000 on the platform. Additionally, the prediction market site Kalshi fined and suspended three congressional candidates last week for using the platform for their own campaigns. The Senate has now barred senators from using prediction market platforms entirely. The Trump administration has reportedly maintained a light-touch regulatory approach toward the prediction market industry. Donald Trump Jr. has invested in the sector, according to the report.

Topics

insider trading corruption Venezuela

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Sources · 7 independent

Bluesky Social

“U.S. soldier accused of pocketing $400,000 through bets on Maduro’s capture - The Washington Post jfc he’s lying to your faces every day”

NBC News Radio

“Army Master Sergeant Gannon Ken Van Dyke allegedly earned more than $400,000 from his bets on Polymarket. Prosecutors say Van Dyke withdrew his winnings from his Polymarket account the day of the operation.”

NBC News Radio

“A U.S. Special Forces soldier accused of making hundreds of thousands of”

WAMU 88.5 DC

“The Justice Department recently indicted a Special Forces Army soldier for allegedly using classified information about the arrest of Venezuela's Nicolás Maduro to make $400,000 on the site polymarket.”

KQED FM

“Forces Army soldier for allegedly using classified information about the arrest of The Venezuela's Nicolás Maduro to make $400,000 on the site polymarket.”

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