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U.S. arrests soldier for Polymarket bets on Nicolas Maduro raid he participated in

CoinDesk
A U.S. Army sergeant was arrested for using classified information to win $400,000 betting on a military operation he helped plan.

Summary

The U.S. Department of Justice has indicted Gannon Ken Van Dyke, a Master Sergeant in the U.S. Army, for allegedly using nonpublic government information to profit from bets on Polymarket. Van Dyke placed $33,000 in wagers regarding a military operation to detain Venezuelan leader Nicolas Maduro—a mission he was actively involved in planning and executing. By betting on the raid’s timing and outcome, Van Dyke secured roughly $400,000 in winnings. He is currently facing charges of fraud and the unlawful use of confidential government information, which officials have labeled as a case of illegal insider trading.

(Source:CoinDesk)