U.S. Army soldier Gannon Ken Van Dyke has been charged with insider trading for using classified information about the January raid that captured Venezuelan President Nicolás Maduro to make over $400,000 in profits on the prediction market site Polymarket.
Key Takeaways
U.S. Army soldier Gannon Ken Van Dyke was charged with insider trading for using classified information about the Venezuelan President Nicolás Maduro raid to make over $400,000 in profits on Polymarket. The Justice Department unsealed an indictment against Van Dyke, who made 13 bets between late December and early January.
- U.S. Army soldier charged with insider trading for using classified information about Maduro raid
- Van Dyke allegedly wagered over $400,000 on Polymarket
- Charges include wire fraud, commodities fraud, misuse of nonpublic government information
The Justice Department unsealed an indictment against Van Dyke, 38, who was stationed at Fort Bragg, North Carolina. According to federal prosecutors, Van Dyke used his insider knowledge of the clandestine military operation to reap more than $400,000 in profits on Polymarket.
Van Dyke is accused of making about 13 bets between late December and early January, repeatedly backing 'Yes' outcomes on scenarios involving U.S. military action in Venezuela and Trump's invocation of war powers by January 31, 2026. He allegedly placed a $32,537 bet on the likelihood that Maduro would be "out by January 31, 2026," along with additional bets on U.S. invasion and Trump invoking the War Powers Act.
The charges against Van Dyke include wire fraud, commodities fraud, misusing non-public government information, and other related offenses. The Justice Department emphasized that prediction markets are not a haven for using misappropriated confidential or classified information for personal gain.
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