Soldier charged with using classified info to bet on Maduro’s capture

U.S. special forces soldier accused of using classified intelligence to profit $400,000 on prediction market bets about Maduro’s capture.

U.S. special forces soldier accused of using classified intelligence to profit $400,000 on prediction market bets about Maduro’s capture. | Contesto: cronaca

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  • Soldier charged with using classified info to bet on Maduro’s capture

Contesto

A U.S. Army special forces soldier has been charged with illegally using classified information to place lucrative bets on a cryptocurrency-based prediction market, netting more than $400,000 by wagering on the capture of Venezuelan President Nicolás Maduro, according to federal prosecutors. The accused, Gannon Ken Van Dyke, 38, is a member of the elite Green Berets. Authorities allege that he accessed sensitive government intelligence regarding planned operations against Maduro and then used that non-public knowledge to trade on Polymarket, a decentralized platform that allows users to bet on the outcome of real-world events. The case marks one of the first known instances of a U.S. service member being criminally charged for trading on a prediction market using classified material. Prosecutors contend that Van Dyke’s trades were not a matter of public speculation but were instead based on information he was duty-bound to protect. The charges, filed in federal court, include counts of conspiracy and unauthorized disclosure of classified information. If convicted, Van Dyke faces significant prison time. The case has raised alarms about the potential for insider trading in the rapidly growing world of event-based betting, which regulators have struggled to police. The allegations center on a series of bets Van Dyke placed on Polymarket contracts tied to the possibility of Maduro’s capture or removal from power. The platform, which uses blockchain technology to record transactions, has become popular among traders seeking to profit from geopolitical developments. However, law enforcement officials argue that when such trades are fueled by secret government intelligence, they undermine national security and the integrity of financial markets. Van Dyke’s arrest is part of a broader federal crackdown on the misuse of classified information for personal gain. Legal experts note that the case could set a precedent for how authorities treat prediction market trades that rely on sensitive data. The Pentagon has declined to comment on the specifics of the case but has reiterated its commitment to holding service members accountable for breaches of trust. The...

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Categoria: cronaca