American soldier arrested over Polymarket wagers tied to Maduro’s capture
The case highlights the swelling concern around the threat of insider trading on prediction market platforms like Polymarket.
Federal authorities have arrested an American soldier who allegedly used confidential information to place a series of wagers on the capture of then-Venezuelan leader Nicolás Maduro through the prediction market platform Polymarket.
Gannon Ken Van Dyke, a 38-year-old soldier in the U.S. Army who was involved in the planning of Maduro’s capture, allegedly placed more than a dozen wagers on Polymarket tied to the operation, the Justice Department said Thursday. He was charged with unlawfully using confidential government information for personal gain, among other charges.
