60 Minutes Reveals Insider Trading on US Military Conflicts Is Exploding: Luck Alone Can't Explain The Numbers'

"Despite being underdogs, they won more than they lost, a telltale sign, she says, of, quote, systemic insider trading. Kendler-Kretsch said that military bets on those long-shot wagers have a 52% success rate, while sports bets are at just 7%. This might be the most insane pattern we have found on Polymarket so far, said Nicolas Vaiman, who runs a small data analystics firm called Bubblemaps based in Paris, France."

"In the U.S. it's prohibited to make military bets on platforms like Polymarket, though it's easy to find digital workarounds as Gannon Ken Van Dyke allegedly did, 60 Minutes correspondent Jon Wertheim said. Last month, Master Sgt. Gannon Ken Van Dyke was indicted on federal charges for allegedly using information he had about the capture of Venezuelan dictator Nicolas Maduro to rake in $400,000 on Polymarket."

"The firm, creates visualizations of bets on Polymarket to spot bubbles, or clusters, of suspect traders, Wertheim said. This big cluster in the middle, no one talked about it, said the firm's head of investigations, who goes by the online handle Deebs. They shared, for the first time, what they believe is a more egregious insider trading case than Gannon Ken Van Dyke's, Wertheim said."

"We spotted nine Polymarket accounts all connected who made collectively $2.4 million betting almost exclusively on U.S. Military operations. Van Dyke made $400,000. Here $2.4 million"

Master Sgt. Gannon Ken Van Dyke was indicted for allegedly using information about the capture of Venezuelan dictator Nicolas Maduro to profit about $400,000 on Polymarket. Military betting on U.S. conflicts is prohibited, but digital workarounds can be used. Analysts and anti-corruption researchers examined Polymarket wagers on military actions, focusing on long-shot bets with under 35% odds. Those military long-shot wagers reportedly won more than they lost, indicating systemic insider trading. Military long-shot success was reported at 52%, compared with 7% for sports bets. Data visualization work identified clusters of connected accounts making large profits from U.S. military operations, including a group collectively earning $2.4 million across nine accounts.

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