The Bad Place9News | US soldier arrested over $573,000 bet on capture of Venezuelan president by 9News
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A U.S. Army special‑forces soldier, Gannon Ken Van Dyke, was arrested after allegedly wagering $46,000 on a Polymarket prediction market that Venezuelan President Nicolás Maduro would be out of office by Jan. 31, and then profiting about $573,000 when U.S. forces captured Maduro on Jan. 3. Van Dyke, who was photographed on the warship that took Maduro, is charged with three counts of violating the Commodity Exchange Act, wire fraud and an unlawful monetary transaction, offenses that could carry up to 60 years in prison. Prosecutors say he used classified information from his role in the operation to place the bets, transferred the winnings to a foreign cryptocurrency vault, and tried to delete his Polymarket account. Polymarket has cooperated with the Department of Justice, noting the incident demonstrates its compliance with insider‑trading rules. This case follows several recent instances of alleged insider trading on prediction‑market platforms involving geopolitical events.
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