Army Soldier Charged with Insider Trading on Prediction Market

0:00It's April 28th. This is US News Today, powered by AI, your country, in real time. I'm Cory with the story. A 38-year-old Army soldier from Fayetteville, North Carolina named Ganon Ken Van Dyke just pleaded not guilty in federal court to five. Serious charges. We're talking unlawful use of secret government info for personal gain, theft of non-public data, commodities fraud, wire fraud, and an illegal money. Transfer. He's been active duty since 2008 and is currently on leave from Fort Bragg. Prosecutors say Van Dyke played a key role in planning a pre-don rate on January 3rd called Operation Absolute Resolve, which nabbed a guy named Maduro and his wife in Caracas on cocaine trafficking charges. Despite signing non-disclosure agreements, he allegedly used classified details about the raid to place bets on Polymarket, a crypto-prediction market. Polymarket's team spotted the shady moves right away, like him caching out big on the

1:03raid day, routing funds through a foreign crypto vault, and trying to delete his account with a fake story about lost email access. The company flagged it to Feds and even posted online that insider trading won't fly, calling the bus proof their system solid. His lawyer says the fight will hinge on legal debates, not facts. Meanwhile, the judge released Van Dyke on strict conditions, no passport, no guns, and a pretrial conference set for June 8th. Maduro and his wife got flown here, pleaded not guilty to their drug charges in Manhattan Court, and this marks the first US criminal case linked to. Prediction market bets. Regulators like the Commodity Futures Trading Commission have a parallel civil suit against him, and now Congress is eyeing stricter rules for. Officers like Polymarket and Colchee to prevent this kind of edge from classified info.