DOJ, CFTC Charge Soldier Over Classified Polymarket Bets

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Federal prosecutors charged a U.S. Army Special Forces master sergeant with using classified military intelligence to place Polymarket bets that allegedly generated about $409,881 in profit. The DOJ indictment and parallel CFTC complaint say Gannon Ken Van Dyke bet on Maduro- and Venezuela-related contracts after helping plan Operation Absolute Resolve. The CFTC said the case is its first insider-trading action involving event contracts, and the DOJ case is described as the first U.S. criminal prosecution of insider trading on a prediction market.

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