"Gannon Ken Van Dyke, 38, of Fayetteville, North Carolina, allegedly used sensitive details from the mission to place around 13 wagers on Polymarket, an online betting market, that US forces would enter Caracas and depose Maduro."
"Van Dyke participated in the planning and execution of the military operation to capture Maduro and used his access to classified information about that operation to personally profit."
"Our men and women in uniform are trusted with classified information in order to accomplish their mission as safely and effectively as possible, and are prohibited from using this highly sensitive information for personal financial gain."
"Insider trading has no place on Polymarket, the company said in a statement on the social platform X, adding that it cooperated with investigators."
Gannon Ken Van Dyke, a US Army Special Forces soldier, has been charged with using classified information to profit from online betting. He allegedly placed 13 wagers on Polymarket regarding the military operation to capture former Venezuelan President Nicolas Maduro. Prosecutors claim he moved most of his earnings into a foreign cryptocurrency account. Van Dyke faces charges including unlawful use of confidential information and wire fraud, with a potential sentence of up to 50 years if convicted. The case raises concerns about insider trading in prediction markets.
Read at www.dw.com
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