U.S. prosecutors have charged active-duty soldier Gannon Ken Van Dyke with obtaining classified information during military operations against Nicolás Maduro and using it to place bets on prediction markets. Van Dyke allegedly invested approximately $33,000 and profited around $409,000, violating the Commodity Exchange Act, committing wire fraud, and engaging in illegal monetary transactions.
In addition, the U.S. Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit seeking to recover illegal profits, compensate for damages, impose civil penalties, and enforce trading and registration bans along with a permanent injunction.
U.S. Soldier Charged for Insider Trading in Prediction Markets
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