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Soldier Charged With Insider Trading on Polymarket
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Soldier Charged With Insider Trading on Polymarket

TIME·Chad de Guzman·about 1 month ago
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A U.S. special forces soldier involved in the U.S. capture of Venezuelan leader Nicolás Maduro has been charged with using classified information about the military operation to make more than $400,000 in profit through the online betting market, Polymarket, federal authorities announced Thursday. In the indictment unsealed in Manhattan federal court, federal prosecutors allege that Gannon Ken Van Dyke, a Master Sergeant with the U.S. Army Special Forces, used sensitive classified information to make multiple bets totaling almost $34,000 on Polymarket, a popular prediction market platform, in the lead-up to the operation on Jan. 3. Van Dyke was arrested and has been charged with unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction. If convicted, he could face decades in prison. Who is Van Dyke?…

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