Busted! Feds charge U.S. Army soldier who made $400,000 from Polymarket bets tied to Maduro capture | Fortune
Briefly

Busted! Feds charge U.S. Army soldier who made $400,000 from Polymarket bets tied to Maduro capture | Fortune
"Gannon Ken Van Dyke allegedly betrayed his fellow soldiers by utilizing classified information for his own financial gain, according to FBI Assistant Director in Charge James C. Barnacle Jr."
"Van Dyke used classified information he acquired as part of planning for the mission to place his successful bets, despite signing non-disclosure agreements that forbade him from divulging sensitive information."
"Polymarket is a platform where users take positions in events contracts that offer shifting odds on a wide variety of real life scenarios, including military actions and political events."
Gannon Ken Van Dyke, a soldier at Fort Bragg, planned Operation Absolute Resolve, leading to Nicolás Maduro's capture. He placed 13 wagers on Polymarket, predicting the U.S. invasion or Maduro's capture, winning $409,881. However, he faces criminal charges for insider trading, as he used classified information from the mission planning, violating non-disclosure agreements. The FBI stated he betrayed fellow soldiers for personal financial gain. His wagers included predictions on U.S. military actions in Venezuela and the timing of Maduro's ousting.
Read at Fortune
Unable to calculate read time
[
|
]