Betting on Classified Maduro Raid Not a Crime, US Soldier Argues
7 Articles
7 Articles
Did classified intelligence on Maduro capture make Polymarket bets illegal? US soldier challenges charges
A US Army special forces soldier accused of using classified information to place profitable bets on prediction platform Polymarket has asked a federal court to dismiss the criminal case, arguing that his alleged conduct does not violate existing wire fraud or commodities laws and that prosecutors are relying on untested legal theories.
Betting on Classified Maduro Raid Not a Crime, US Soldier Argues
Crypto Legal Roundup: FTX Case Advances as Polymarket Dispute and $35K Penalty Emerge
Federal prosecutors are continuing to litigate the fallout from the collapse of FTX, as defense teams push back on what juries can hear and how certain market activities are regulated. In the Southern District of New York (SDNY), Michelle Bond—whose husband, former FTX executive Ryan Salame, is serving a 90-month sentence after pleading guilty in 2023—has asked the court to block references to that guilty plea in a campaign finance case. At the …
According to Bloomberg, U.S. Special Forces soldier Gannon Ken Van Dyke, who placed bets on Polymarket using classified information about the capture of Nicolás Maduro, has formally requested a federal judge to dismiss the criminal charges against him. Van Dyke argued that betting on prediction markets using classified information does not constitute a crime under current law. His lawyers filed the motion alleging a lack of legal basis. They des…
US soldier seeks to dismiss case over Polymarket predictions placed with classified intel
The case could redefine legal boundaries for prediction markets, impacting how insider information is regulated in blockchain contexts. The post US soldier seeks to dismiss case over Polymarket predictions placed with classified intel appeared first on Crypto Briefing.
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