"Gannon Ken Van Dyke, an enlisted member of the US Army's special forces, was arrested for allegedly using classified, nonpublic information about the capture of Venezuelan president Nicolás Maduro to notch more than $400,000 in profits on Polymarket trades."
"Van Dyke is the first person to be charged with insider trading on a prediction market in the United States, highlighting concerns about public servants profiting from nonpublic information."
"Polymarket posted a statement noting that it had identified a user trading on classified government information and referred the matter to the DOJ, cooperating with their investigation."
Gannon Ken Van Dyke, a US Army special forces member, was arrested for allegedly using classified information regarding Nicolás Maduro to profit over $400,000 on Polymarket trades. He faces five counts, including violations of the Commodity Exchange Act. This case marks the first insider trading charge on a prediction market in the U.S. Concerns have been raised about public servants exploiting nonpublic information for profit. Polymarket cooperated with the DOJ investigation after identifying the user trading on classified information.
Read at WIRED
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