US soldier charged after winning $400,000 betting on removal of Venezuela's Nicolas Maduro
Gannon Ken Van Dyke allegedly made trades on Polymarket on the basis of classified information, the justice department says.
A US special forces soldier involved in the military operation that captured Nicolas Maduro has been arrested after he allegedly bet on the removal of Venezuela's former leader before the information was publicly available.
The US Department of Justice (DOJ) has charged Gannon Ken Van Dyke after he allegedly made trades on Polymarket, a crypto-powered platform, on the basis of classified information.
"That is clear insider trading and is illegal under federal law," justice department officials said.
Van Dyke, an active-duty soldier in the US Army stationed at Fort Bragg in North Carolina, won more than $409,000 (£303,702) as a result of his bets.
Only $409,000? A drop in the ocean compared to Pelosi's insider trading.