CFTC, US Soldier Accused of Illegal Polymarket Bet Spar over Interpretation of Prediction Markets

CFTC, US soldier Accused of Illegal Polymarket Bet Spar over Interpretation of Prediction Markets

Gannon Ken Van Dyke’s lawyers called the CFTC a “regulatory wolf“ for its request to file an amicus brief in his criminal case over the definition of “swaps“ on prediction markets.

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets - Invest In Crypto News

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case. Source link The post CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets first appeared on Invest In Crypto News.The post CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets app…

CFTC backs Polymarket case against US soldier

The Commodity Futures Trading Commission (CFTC) is backing the criminal case against Gannon Ken Van Dyke, a US Army master sergeant accused of using classified military information to make more than $400,000 trading Polymarket event contracts tied to Venezuela and Nicolás Maduro. In an August 21 notice, the CFTC asked the US District Judge Margaret M. Garnett for permission to file an amicus brief supporting prosecutors as Van Dyke seeks to dism…