US Army Soldier Arrested for Insider Trading Linked to Maduro Capture Bets
Soldier won $410K in Polymarket bets on timing of Maduro capture, US alleges
Ars Technica
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Gannon Ken Van Dyke, a US Army soldier, was arrested for allegedly using classified information to profit nearly $410,000 through prediction-market bets on the capture of Venezuelan President Nicolás Maduro. He faces multiple charges, including wire fraud and insider trading, after betting on Polymarket shortly before the operation.
- 01Gannon Ken Van Dyke made nearly $410,000 in bets on the timing of Nicolás Maduro's capture.
- 02He was arrested for insider trading and faces multiple charges, including wire fraud.
- 03Van Dyke used classified information from 'Operation Absolute Resolve' to place his bets.
- 04He created a Polymarket account and made approximately 13 bets related to Venezuela.
- 05Former President Trump compared Van Dyke's actions to Pete Rose betting on his own team.
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Gannon Ken Van Dyke, a 38-year-old soldier stationed at Fort Bragg in Fayetteville, North Carolina, was arrested for insider trading after allegedly profiting $409,881 through prediction-market bets on the timing of Venezuelan President Nicolás Maduro's capture. The Department of Justice (DOJ) announced that Van Dyke, who has been an active-duty soldier since 2008 and a master sergeant since 2023, used his access to classified information regarding 'Operation Absolute Resolve' to place bets on Polymarket. He began betting about a week before the operation on January 3, 2026, wagering approximately $33,034 on various outcomes related to US military actions in Venezuela. The DOJ indicated that Van Dyke took steps to conceal his identity and transferred most of his earnings to a foreign cryptocurrency vault before moving them to a new online brokerage account. Former President Trump commented on the situation, likening Van Dyke's actions to Pete Rose's controversial betting on his own baseball team. Van Dyke has been charged in the US District Court for the Southern District of New York.
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This case raises concerns about the integrity of military personnel and the potential misuse of classified information for personal gain.
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