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US Special Forces Soldier Arrested for Polymarket Bets on Maduro Raid

Wired · Kate Knibbs, Maddy Varner · last updated

The master sergeant allegedly used classified intel to profit on the capture of Venezuelan president Nicolás Maduro, marking the first US arrest for insider trading on a prediction market.

The Department of Justice announced Thursday that it arrested Gannon Ken Van Dyke, an enlisted member of the US Army’s special forces, for allegedly using “classified, nonpublic” information about the capture of Venezuelan president Nicolás Maduro to notch more than $400,000 in profits on Polymarket trades. A grand jury indicted him on five counts, including multiple violations of the Commodity Exchange Act.

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