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A US Army soldier was arrested for insider trading after being accused of making prediction-market wagers on the timing of the military's capture of Venezuelan President Nicolás Maduro. Army soldier Gannon Ken Van Dyke made a profit of nearly $410,000 by making bets on Polymarket, and he was indicted on charges of unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction, the Department of Justice announced yesterday . "As alleged in the indictment, Van Dyke participated in the planning and execution of the US military operation to capture Nicolás Maduro, called 'Operation Absolute Resolve,' and Van Dyke used his access to classified information about that operation to personally profit," the DOJ said. Read full article Comments

A US Army soldier was arrested for insider trading after being accused of making prediction-market wagers on the timing of the military's capture of Venezuelan President Nicolás Maduro.

Army soldier Gannon Ken Van Dyke made a profit of nearly $410,000 by making bets on Polymarket, and he was indicted on charges of unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction, the Department of Justice announced yesterday .

It’s like “Pete Rose betting on his own team,” Trump says of arrested soldier.

Van Dyke, a 38-year-old North Carolina resident stationed at Fort Bragg in Fayetteville, has been an active-duty soldier since 2008 and a master sergeant with US Army Special Forces since 2023, according to the indictment. He was bound by nondisclosure agreements forbidding him from revealing classified or sensitive military information.

Van Dyke allegedly started making bets about a week before the January 3 capture of Maduro. He was charged in US District Court for the Southern District of New York.