US Edition
'Burdensome-Mix' Unmasked—Soldier Charged In First Polymarket Case
- On Thursday, President Donald Trump described the world as "somewhat of a casino" while responding to The Justice Department indictment of Army soldier Gannon Ken Van Dyke, who allegedly used classified information to trade on Polymarket.
- Prosecutors allege Van Dyke misappropriated classified information about a U.S. military operation to capture Venezuelan President Nicolás Maduro and his wife, Cilia Flores, to generate more than $400,000 in illegal profits.
- Comparing the case to Pete Rose betting on his own team, Trump told reporters he was "never much in favor" of prediction markets, despite previously telling The Washington Post they outperformed "fake polls."
- Polymarket posted Thursday that it identified the classified-information trader, referred the matter to The Justice Department, and stated that "insider trading has no place on Polymarket."
- The Commodity Futures Trading Commission Chair Michael Selig defends prediction platforms as financial markets, while Trump remains tied to the industry through his son's investment in Kalshi, raising potential conflicts.
69 Articles
69 Articles
Arrest over Maduro raid bet fuels insider trading concerns
A Special Forces soldier who helped plan the capture of Venezuelan President Nicolas Maduro was indicted for allegedly using classified information about the raid to make prediction market bets. It is raising new concerns about insider trading and the need for regulation. Amna Nawaz discussed more with Liz Landers and David Hill, who writes about gambling for Rolling Stone and American Gambler.
The cash was part of the commando that participated in the capture of the dictator in Venezuela; now he faces up to 20 years in prison
‘So Corrupt’: Donald Trump Laughs Off Insider Betting Scandal Before Dropping a Bizarre Bombshell That Has the Entire Internet Rewinding the Clip
An unconcerned President Donald Trump seemed to brush off questions about the highly illegal practice of insider trading and betting when asked about the arrest of a special forces soldier by federal authorities on allegations of wagering on the capture of Venezuelan dictator Nicolas Maduro. During a press gaggle in the Oval Office on Thursday, April 23, a reporter asked the president about the arrest of the soldier for allegedly betting on the …
Trump embraced the gambling industry for decades. Now he's hedging his bet on prediction markets.
President Donald Trump on Thursday bemoaned to reporters the surge of interest in gambling and prediction markets in recent years, but he and his administration have been all in on the phenomenon, an NBC News review shows."You know, the whole world, unfortunately, has become somewhat of a casino.
Active since 2008, Dyke is believed to have been involved in planning and executing the operation in Venezuela. He was accused of making 13 bets with profits exceeding 340,000 euros, and of attempting to conceal them.
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