Bail Set at $250K for Army Sergeant in Polymarket Insider Trading Case
Business Insider • • nation
Key Points:
- Army Special Forces Sergeant Gannon Van Dyke pleaded not guilty to felony charges for using classified information about the capture of Venezuelan leader Nicolás Maduro to win over $400,000 on the prediction market Polymarket.
- Van Dyke, 38, faces charges including unlawful use of confidential government information, theft of non-public information, commodities and wire fraud, and money laundering.
- Prosecutors allege Van Dyke used his access to secrets from Operation Absolute Resolve, a military effort to capture Maduro, to place 13 bets totaling $33,000, resulting in $409,000 in winnings.
- Van Dyke was released on a $250,000 bond with travel restrictions and prohibitions on firearm possession and excessive alcohol use; he is currently on leave but still associated with the military.
- The sergeant is scheduled to appear in federal court again on June 8 before US District Court Judge Margaret M. Garnett.
