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Soldier won $410K in Polymarket bets on timing of Maduro capture, US alleges
Tech & Gadgets

Soldier won $410K in Polymarket bets on timing of Maduro capture, US alleges

alinemati1983-6987alinemati1983-6987Apr 24
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US Army soldier Gannon Ken Van Dyke was indicted for using classified information about a planned military operation to capture Venezuelan President Nicolás Maduro to make profitable prediction-market bets, earning nearly $410,000. This case highlights the risks and legal consequences of insider trading in specialized markets like Polymarket, where access to nonpublic government data can lead to significant financial gains. Watch for potential stricter regulations on military personnel's use of prediction markets.

Read the full article at Ars Technica

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