US soldier accused of gambling on Maduro removal due in court
A U.S. Army soldier, Gannon Van Dyke, is due in court to face fraud charges after allegedly using insider information to win $400,000 betting on the removal of Venezuela's President Nicolás Maduro on the prediction market Polymarket. Van Dyke, a master sergeant involved in the raid that captured Maduro, is accused of placing $33,000 in bets on low-probability events that later occurred. The Justice Department's case marks the first insider trading charges tied to a prediction market. Polymarket flagged the trades to authorities and cooperated with the investigation.
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US soldier accused of gambling on Maduro removal due in courtSign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: Captured Venezuelan President Nicolas Maduro is escorted at Downtown Manhattan Heliport, in New York City, U.S., January 5, 2026. REUTERS/Adam Gray/File PhotoPublished Apr 28, 2026, 06:23 PMUpdated Apr 28, 2026, 06:33 PMListenNEW YORK, April 28 - The U.S. Army soldier charged with winning $400,000 by using insider information to bet on the removal of ousted Venezuelan President Nicolas Maduro is due in court on Tuesday, where he is expected to be asked how he pleads to fraud charges.Gannon Van Dyke, 38, is due to appear before U.S. District Judge Margaret Garnett in Manhattan at 1 p.m.
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