The Business Behind The News🎲 𝐓𝐡𝐞 $1 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐃𝐨𝐥𝐥𝐚𝐫 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐍𝐨𝐛𝐨𝐝𝐲'𝐬 𝐓𝐚𝐥𝐤𝐢𝐧𝐠 𝐀𝐛𝐨𝐮𝐭
#predictionmarkets #polymarket #kalshi #ShayneCoplan #LuanaLopesLara #TarekMansour
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The Bad PlaceNBC News Top Stories | Polymarket tries to show it can play by the rules by Rob Wile
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Polymarket is attempting to prove its compliance after a special‑forces soldier, Gannon Ken Van Dyke, was arrested for allegedly using classified information about the U.S. operation to capture Venezuelan President Nicolás Maduro to win roughly $440,000 on the platform; the case, coming four years after Polymarket paid $1.4 million to settle with regulators and banned U.S. users, highlights growing scrutiny from the Commodity Futures Trading Commission and the Justice Department over insider‑trading risks in prediction markets. Founder Shayne Coplan said the company flagged the suspicious activity, referred it to authorities, and will continue to crack down on illicit bets, while experts note the platform’s offshore structure and public trade data create a legal gray area that regulators are increasingly targeting.
Read more: https://www.nbcnews.com/business/markets/polymarket-regulators-insider-trading-rcna341928
#Polymarket #NicolásMaduro #ShayneCoplan #CFTC #Bidenadministration #GannonKenVanDyke
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NBC News Top Stories | What we know about the U.S. soldier who allegedly bet on Maduro’s ouster by Daniel Arkin, Erik Ortiz
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A U.S. Army special‑forces master sergeant, Gannon Ken Van Dyke—a longtime North Carolina real‑estate investor—has been indicted for allegedly using classified information about the January raid that captured Venezuela’s ousted president Nicolás Maduro to place over $400,000 in bets on the prediction‑market platform Polymarket, netting roughly $33,000 from 13 trades. Federal prosecutors allege Van Dyke participated in planning the operation, then unlawfully leveraged that knowledge for personal gain, charging him with unlawful use of confidential government information, theft of non‑public government data, commodities fraud, wire fraud and illegal monetary transactions. The indictment notes he transferred most proceeds to a foreign cryptocurrency vault before moving them to a newly created brokerage account and deleted his Polymarket profile shortly after the raid. Van Dyke, who has been on active duty since 2008 and most recently stationed at Fort Bragg, also manages several properties in Fayetteville and a vacation cottage in Beech Mountain, and was released on a $250,000 unsecured bond pending a court appearance in New York.
#GannonVanDyke #NicolásMaduro #Polymarket #NewYork #Federalprosecutors #GannonKenVanDyke #ShayneCoplan
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What we know about Gannon Ken Van Dyke, the soldier who allegedly bet on Maduro’s ouster
The U.S. special forces soldier who allegedly used classified information to bet on the raid that captured Venezuelan leader Nicolás Maduro is a seasoned real estate investor who lives in North Carolina, according to public records and social media posts
CreebhillsFBI Raids Home of Polymarket CEO Shayne Coplan Amid Trump Election Prediction Controversy https://creebhills.com/2024/11/fbi-raids-home-of-polymarket-ceo-shayne-coplan?utm_source=dlvr.it&utm_medium=mastodon #News #FBI #ShayneCoplan
Wendy SiegelmanI wrote about Polymarket CEO Shayne Coplan briefly in this piece which described the people in a photograph from July that included from front left to back right: Ken Howery, Shervin Pishevar, Shane Coplan, Donald Trump, Jr., Omeed Malik and David Sacks.
#Polymarket #ShayneCoplan #Thiel #OmeedMalik #DonaldTrumpJr #DavidSacks #KenHowery #ShervinPishevar
Chart and overview of key links for J.D. Vance with mentor Peter Thiel, the little-known Rockbridge Network and 2016 kingmaker Rebekah Mercer | NewsTRACS
Chart and overview of key links for J.D. Vance with his mentor Peter Thiel, the little-known Rockbridge Network and Cambridge Analytica funder and 2016 kingmaker Rebekah Mercer.
The FBI raided the home of Polymarket CEO Shayne Coplan, seizing phone, electronics
Polymarket recently hired Nate Silver and raised $45 million led by Peter Thiel’s Founders Fund and other funding from Ethereum co-founder Vitalik Buterin