Special Forces Soldier Charged with Insider Trading on Prediction Market
Master Sgt. Gannon Ken Van Dyke, a senior enlisted soldier in the U.S. Army Special Operations Command, has been charged by the Department of Justice for allegedly using classified information to profit from online prediction markets. Van Dyke reportedly placed bets on Polymarket regarding the capture of Venezuelan leader Nicolas Maduro before the raid was publicly announced, earning nearly $410,000 from his $33,000 investment. He attempted to conceal his identity by deleting his account and transferring funds to a foreign cryptocurrency vault. Released on a $250,000 bond, Van Dyke faces charges including commodities fraud and wire fraud. The case marks the DOJ's first public filing of insider trading via prediction markets.