NEWRegulation

Polymarket (POLY) Sgt. Arrested for $410K Betting Scheme Released

Published on 4/24/2026

#POLY#CFTC#VENEZUELA#M&A
Polymarket (POLY) Sgt. Arrested for $410K Betting Scheme Released

AI Summary

Special Forces Sgt. Gannon Ken Van Dyke was released on a $250,000 bond after being indicted for wire fraud related to prediction market bets on Polymarket concerning Nicolás Maduro's capture. He allegedly won nearly $410,000 from these bets using classified information. Prior to his arrest, Van Dyke had wagered approximately $33,000 on Polymarket in more than a dozen contracts about U.S. military actions in Venezuela. Kalshi confirmed blocking Van Dyke from opening an account following a civil lawsuit filed against him by the Commodity Futures Trading Commission.

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