U.S. soldier pleads not guilty to charges of gambling on capture of Maduro
A U.S. Army soldier has pleaded not guilty to fraud charges related to betting on the ousting of former Venezuelan President Nicolas Maduro. Gannon Van Dyke allegedly used confidential information to place bets that earned him $400,000. The case marks a significant legal precedent as it involves insider trading charges linked to a prediction market.
- ▪Gannon Van Dyke, 38, entered a not guilty plea in U.S. District Court in Manhattan.
- ▪He was charged with placing $33,000 in bets on Polymarket regarding Maduro's removal and U.S. military intervention in Venezuela.
- ▪The Justice Department's charges against Van Dyke are the first of their kind involving a prediction market.
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Open this photo in gallery:Captured former Venezuelan president Nicolas Maduro arrives at the Downtown Manhattan Heliport in New York City on Jan. 5.Eduardo Munoz/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe U.S. Army soldier charged with winning US$400,000 by using confidential information to bet on the removal of ousted Venezuelan President Nicolas Maduro pleaded not guilty to fraud charges on Tuesday.Gannon Van Dyke, 38, rose to stand as he entered the plea in U.S.
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