"Gannon Ken Van Dyke, 38, has been charged with the unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud and making an unlawful monetary transaction."
"Prosecutors said Van Dyke was involved in the planning and execution of Maduro's capture and had signed nondisclosure agreements centered on the operations, but he eventually placed a series of bets related to Maduro being out of power by Jan. 31."
"Polymarket, one of the largest prediction markets, flagged the suspicious activity and turned it over to the government, according to CEO Shayne Coplan."
"The Trump administration has been supportive of the prediction market industry's expansion. The president's eldest son is an adviser for both Polymarket and its main competitor, Kalshi, and he is a Polymarket investor."
Gannon Ken Van Dyke, a U.S. Special Forces soldier, is charged with using classified information about Nicolás Maduro's capture to profit on Polymarket. He faces multiple charges, including theft of nonpublic government information and commodities fraud. Van Dyke was involved in planning Maduro's capture and had signed nondisclosure agreements. His suspicious betting activity was flagged by Polymarket, leading to government investigation. The case raises concerns about insider trading in prediction markets, which are under scrutiny for regulation. Van Dyke has been granted bond and will continue his case in New York.
Read at ABC7 Los Angeles
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