A US special forces soldier has pleaded not guilty to charges of using classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win over $400,000 on the prediction market Polymarket.
Gannon Ken Van Dyke, 38, entered the plea in Manhattan federal court after being charged with unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud, and making an unlawful monetary transaction.
Prosecutors said evidence in the case will include information resulting from grand jury subpoenas, cryptocurrency exchange records, search warrants, and social media accounts.
Van Dyke was released on $250,000 bail and his travel was restricted to portions of New York, North Carolina, California, and points necessary to travel between.
The case comes during heavy scrutiny on prediction markets, which allow people to trade or wager on almost anything, as policymakers call for stricter regulation of the platforms amid concerns about insider trading.
