US soldier charged for betting

The Department of Justice alleges that Van Dyke, who was involved in planning the January operation in Venezuela, placed thirteen bets based on non-public intelligence.

This marks the first time a U.S. citizen has been charged with insider trading on a decentralized prediction market.

Van Dyke faces charges including wire fraud and unlawful monetary transactions, with a potential sentence of up to 50 years.

The case has intensified scrutiny of platforms like Polymarket, where high-stakes wagers have surged during recent geopolitical conflicts.