The Ministry of Justice has indicted a US soldier for insider trading at Polymarket.
He is said to have used intelligence to win nearly $409,881 betting on the January coup against Venezuela’s Nicolás Maduro.
US Soldier Turns $33,000 into $400,000 on Polymarket Using Classified Intel
According to a Justice Department indictment, Gannon Ken Van Dyke, 38, of Fort Bragg, turned about $33,034 into about $410,000 in 13 betting markets before trying to clear his path.
“Gannon Ken Van Dyke Alleges He Betrayed Fellow Soldiers Using Secret Information to Get Money.” “Van Dyke made more than $400,000 by selling various results related to Venezuela after learning about the operation through his position as a US military officer,” FBI Assistant Director in Charge James C. Barnacle Jr. he said.
The US military participated in the planning and execution of “Operation Absolute Resolve.” Early morning January 3rd mission caught Maduro and his wife in Caracas.
Van Dyke, who allegedly used Polymarket catch “Burdensome-Mix,” it began placing Polymarket wagers on December 27, 2025, a few days before the operation.
All 13 bets took a “YES” position on the contracts related to Maduro and Venezuela. They included “Maduro out by January 31” and “US troops in Venezuela by January 31.” The Commodity Futures Trading Commission (CFTC) said Van Dyke bought a lot more than 436,000 “Yes” parts of the agreement of Maduro alone.
After making the profit, Van Dyke allegedly transferred large sums of money to an external crypto vault, changed his exchange email to a username, and asked Polymarket to delete his account.
The US soldier is facing five charges. They include three violations of the Commodity Exchange Act, as well as wire fraud and illegal currency trading. Each CEA count has a maximum 10-year term, while each wire fraud has a maximum 20-year term.
CFTC too filed a similar complaint in the US District Court for the Southern District of New York. The agency is seeking restitution, sales bans, and civil penalties.
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Polymarket has experienced a boom pressing this year wallets that make timely bets on geopolitical events. People who are suspected of having received large sums of money from the contracts related to Iran’s conflicts and Maduro works.
Complaints is breaking new ground for The CFTC, is issuing its first regulation on trading agreements and the use of the “Eddie Murphy Rule” to describe government information that has been misused.
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A note Army Soldier Used Classified Maduro Intel to Win $400,000 on Polymarket, DOJ Says appeared for the first time BeInCrypto.
