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US Soldier Charged in Maduro Bet

US Soldier Charged in Maduro Bet

Federal authorities in New York have charged Master Sgt. Gannon Ken Van Dyke with wire fraud and unlawful monetary transactions following a high-stakes investigation into prediction market insider trading.

The soldier allegedly placed thirteen separate wagers on the removal of former Venezuelan leader Nicolás Maduro just hours before the official announcement of his capture.

President Donald Trump has reacted to the case by describing the world as becoming a 'casino,' highlighting concerns over the integrity of online betting platforms.

This landmark prosecution represents the first US arrest for insider trading involving a prediction market based on misappropriated government intelligence.

Nicolás Maduro
President of Venezuela 2013 to 2026
Donald Trump
President of the United States (2017–2021; since 2025)
Polymarket
Online prediction solicitation and aggregation engine
Department of Justice of Hong Kong
Department of the Hong Kong Government