US soldier pleads not guilty to charges of betting on Nicolás Maduro’s ouster
Summary
A US Army soldier named Gannon Ken Van Dyke pleaded not guilty to charges that he used secret government information to bet $33,000 on the removal of Venezuelan President Nicolás Maduro, which earned him $400,000. Van Dyke, a special forces master sergeant, is accused of insider trading on a prediction market and faces several criminal charges.Key Facts
- Gannon Ken Van Dyke is a 38-year-old US Army master sergeant stationed at Fort Bragg, North Carolina.
- He is charged with using secret government information to place bets on Polymarket predicting Maduro’s ouster and US forces entering Venezuela.
- His bets totaled $33,000 and earned him $400,000 due to low odds on those events.
- This is the first US insider trading case involving a prediction market.
- The Commodity Futures Trading Commission filed civil charges against Van Dyke.
- Van Dyke was involved in planning the January raid that captured Maduro and his wife.
- He faces five criminal counts, including fraud, unlawful use of information, and theft of government information.
- Polymarket reported Van Dyke’s suspicious trades to authorities and helped with the investigation.
- Van Dyke was arrested on April 23 and released on $250,000 bond after a court appearance in North Carolina.
- US District Judge Margaret Garnett in Manhattan will oversee the case.
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