A US special forces soldier accused of using secret military information for betting profits is due in court.
Gannon Ken Van Dyke is set to appear in a Manhattan courtroom after prosecutors accused him of using classified information about the capture of Nicolas Maduro to make more than $400,000 on prediction market platform Polymarket.
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Authorities said Van Dyke placed about $33,000 in bets before the January military operation and later earned roughly $409,000 when the mission succeeded. He was released last week on a $250,000 bond ahead of Tuesday’s arraignment.
Prosecutors described the case as one of the first major insider trading prosecutions involving a prediction market. They also allege he tried to hide the trades by changing account details and moving funds through cryptocurrency accounts.
The case could become a landmark test of how regulators handle betting platforms tied to sensitive political and military events.