Gannon Ken Van Dyke, a 38-year-old Master Sergeant in the US Army, was arrested for allegedly engaging in insider trading by betting on the outcome of a military raid against Venezuelan President Nicolás Maduro. The operation took place on January 3, 2023, and Van Dyke reportedly earned $400,000 by placing bets based on classified information he had access to during the planning stages. Polymarket, the betting platform involved, confirmed it detected suspicious activity and cooperated with the Department of Justice (DOJ) in the investigation. The platform's Chief Legal Officer, Neal Kumar, emphasized that insider trading is easily traceable on blockchain platforms and warned users against exploiting non-public information. Van Dyke faces multiple charges, including wire fraud and violations of the Commodity Exchange Act, which could result in a prison sentence of up to 40 years if convicted. This case highlights the growing scrutiny of prediction markets and the legal implications of using classified information for personal gain.