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US soldier charged with making $400,000 on Maduro removal bets
He allegedly turned about $33,000 in wagers into more than $400,000 after betting on the timing of the classified operation, prosecutors said.
- On Thursday, federal prosecutors arrested U.S. Army Master Sergeant Gannon Ken Van Dyke, accusing him of using classified information about Venezuelan President Nicolas Maduro's capture to win more than $400,000 on Polymarket.
- Van Dyke, an active-duty special forces soldier, was involved in planning Operation Absolute Resolve beginning December 8, 2025. Before the January 3 raid, he placed 13 bets totaling $33,034 on 'YES' outcomes regarding U.S. intervention in Venezuela.
- Polymarket identified the suspicious trades and referred the matter to the DOJ, cooperating with the investigation. Prosecutors allege Van Dyke then moved his winnings through a foreign cryptocurrency 'vault' before depositing funds into a new brokerage account.
- FBI Director Kash Patel stated, 'Any clearance holders thinking of cashing in their access and knowledge for personal gain will be held accountable.' The case marks the first criminal prosecution of insider trading on a prediction market.
- President Donald Trump remarked, 'The whole world, unfortunately, has become somewhat of a casino,' as lawmakers advance the Public Integrity in Financial Prediction Markets Act of 2026 to regulate official trading on such platforms.
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A US special forces soldier involved in the capture of Venezuelan President Nicolás Maduro has been arrested and charged for allegedly betting on the operation via Polymarket, netting him $400,000 in profits.
A member of the US Army Special Forces has been arrested on suspicion of using classified information to place bets on a military operation that led to the arrest of former Venezuelan President Nicolas Maduro. According to US authorities, the soldier - identified as Gannon Ken Van Dyke - was involved in the planning and execution of the operation and had access to classified information. He used the data to place bets worth $33,000 on the bettin…
Soldier busted for betting on US capture of Venezuela’s Nicolas Maduro, making $400 000
A US Army soldier involved in the capture of Nicolas Maduro has been charged with making $400 000 by betting on the removal of the ousted Venezuelan leader, the Justice Department said.
A U.S. serviceman stationed at Fort Bragg, North Carolina, has been indicted on charges of fraud and insider trading after using classified information to bet on the downfall of Venezuelan President Nicolas Maduro, the Justice Department announced Thursday, April 23, according to France Info. Gannon Ken Van Dyke, 38, is accused of using state secrets for a lucrative financial operation. According to the indictment, the soldier actively participa…
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