US soldier accused of gambling on Maduro arrives in court
A U.S. Army soldier, Gannon Van Dyke, pleaded not guilty to fraud charges for allegedly using classified information about a raid to capture Venezuelan President Nicolás Maduro to place profitable bets on the prediction market Polymarket. Van Dyke, a Special Forces master sergeant, is accused of making $400,000 from $33,000 in bets predicting Maduro's removal and U.S. military action in Venezuela. The case marks the Justice Department's first insider trading charges involving a prediction market. Polymarket flagged the suspicious activity, and Van Dyke was released on $250,000 bond.
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Gannon Ken Van Dyke, a soldier who is charged with using his access to classified information about the operation to capture Venezuelan President Nicolas Maduro in January to win money on Polymarket, walks near a federal court building in New York on Tuesday. AP-YonhapNEW YORK — The U.S. Army soldier charged with winning $400,000 by using insider information to bet on the removal of ousted Venezuelan President Nicolas Maduro pleaded not guilty to fraud charges on Tuesday.Gannon Van Dyke, 38, entered the plea before U.S. District Judge Margaret Garnett's courtroom in Manhattan.
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