Gannon Ken Van Dyke, a U.S. Army master sergeant, has pleaded not guilty to charges of insider trading using classified intelligence on the Polymarket platform. Van Dyke, stationed at Fort Bragg, allegedly placed 13 bets totaling $33,034, leveraging knowledge of "Operation Absolute Determination" to predict U.S. military actions in Venezuela. His bets reportedly yielded a profit of $409,881 following a January 3 raid.
Prosecutors claim Van Dyke transferred his winnings to an offshore cryptocurrency vault and later to a securities account. He allegedly attempted to delete his Polymarket account, citing email access issues. U.S. Attorney Jay Clayton emphasized the government's stance against using prediction markets for profiting from confidential information, while Acting Attorney General Todd Blanche reiterated the applicability of federal laws to these markets.
U.S. Soldier Pleads Not Guilty to Polymarket Insider Trading Charges
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