December Trial Date Set for US Soldier Accused of Insider Trading on Polymarket
A Manhattan court set Dec. 7 as the tentative trial date for U.S. Army soldier Gannon Ken Van Dyke, who is accused of using classified military intelligence to make profitable bets on Polymarket. He pleaded not guilty in April to five federal charges, including commodities fraud, and prosecutors say he made 13 Venezuela-related bets over a week, earning about $410,000 from $33,000. The alleged bets centered on Nicolás Maduro’s removal. Van Dyke is also accused of trying to hide the activity by seeking deletion of his Polymarket account. His lawyers plan to seek dismissal next month. The case is the first U.S. insider-trading prosecution tied to a prediction market and comes amid growing scrutiny from Congress and regulators, including a separate CFTC complaint.
