US EditionSoldier’s Arrest in Maduro Raid Polymarket Bet Spotlights Military’s Risks in Prediction Markets
Prosecutors say Gannon Ken Van Dyke used confidential operation details to make about $404,000 in Polymarket bets, and he faces fraud and monetary charges.
- On Friday, Fort Bragg Special Forces soldier Gannon Ken Van Dyke appeared before Magistrate Judge Brian Meyers in Raleigh and was granted a $250,000 bond release pending further proceedings.
- Van Dyke allegedly used classified details from Operation Absolute Resolve, the Jan. 3 capture of Venezuela President Nicolas Maduro, to place profitable wagers on Polymarket, securing approximately $404,000.
- The Commodity Futures Trading Commission filed a complaint Thursday alleging Van Dyke moved $35,000 into a cryptocurrency exchange in Dec. and violated a nondisclosure agreement signed for the mission.
- Charges against the soldier continue Tuesday in New York, where he faces potential imprisonment and loss of retirement pay, as FBI Director Kash Patel criticized him for exploiting a 'righteous military operation.'
- Following the Jan. 3 capture, Delcy Rodriguez was sworn in as interim president in Caracas two days later, with the political transition in Venezuela serving as backdrop to the soldier's alleged market activity.
34 Articles
34 Articles
Soldier’s arrest comes after pattern of suspicious trades on prediction markets
After US troops captured Venezuelan President Nicolás Maduro in January, the image of him handcuffed and blindfolded while wearing a Nike tracksuit wasn’t the only thing that went viral.
Soldier’s arrest over Polymarket bet on Maduro raid fuels insider trading concerns
A Special Forces soldier who helped plan the capture of Venezuelan President Nicolas Maduro was indicted for allegedly using classified information about the raid to make prediction market bets. It is raising new concerns about insider trading and the need for regulation. Amna Nawaz discussed more with Liz Landers and David Hill, who writes about gambling for Rolling Stone and American Gambler.
Soldier’s arrest in Maduro raid Polymarket bet spotlights military’s risks in prediction markets
The arrest of a U.S. soldier accused of using classified information to place a prediction market bet on the capture of Venezuelan President Nicolás Maduro is stoking new fears over how betting markets could threaten national security in high-stake situations. Lawmakers have raised concerns for months over the legal and ethical dangers surrounding prediction markets, and…
US soldier charged with using classified intel to win $400K on Maduro raid is granted bond - Boston News, Weather, Sports
RALEIGH, N.C. (AP) — A U.S. special forces soldier was granted bond Friday on charges that he used classified information about the mission to capture Venezuelan President Nicolas Maduro to win more than $400,000 on the prediction market Polymarket, a federal magistrate said Friday. The magistrate in North Carolina who authorized Gannon Ken Van Dyke’s release told him to report to a New York federal courthouse by Tuesday to continue his case the…
InsideNoVA.com
Fort Bragg soldier’s case continues Tuesday in New York
(The Center Square) – An enlisted soldier at Fort Bragg was granted $250,000 bond release on Friday and will have his charges of using classified information to win $400,000 in a prediction market continued Tuesday in New York.
Coverage Details
Bias Distribution
- 58% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
