Peter Charalambous , ABC News; Soldier who made $400K betting on Maduro's removal makes 1st court appearance
"The special operations soldier who was indicted this week for allegedly using classified information to make more than $400,000 betting on the capture of Nicolas Maduro appeared in a federal courtroom in Raleigh, North Carolina, Friday.
Master Sgt. Gannon Ken Van Dyke, who made the wager on the prediction market Polymarket, will be released on a $250,000 appearance bond...
Federal investigators said Van Dyke bet more than $33,000 on Polymarket just days before President Donald Trump announced Maduro's capture.
The series of bets -- which netted more than $409,000 -- immediately prompted scrutiny within the world of prediction markets and resulted in a monthslong investigation about whether inside information was used to place the bets.
Van Dyke was indicted on charges that included unlawful use of confidential information for personal gain, theft of nonpublic government information, commodities fraud, and wire fraud.
When, after placing the bets, he saw reports about unusual trading associated with the mission, Van Dyke allegedly tried to hide the evidence of the trades by attempting to delete his Polymarket account and change the email address registered to his cryptocurrency exchange account, according to the indictment.
"Rather than safeguard that information as he was obligated to do, VAN DYKE decided to use that classified information to place trades on a prediction market platform for his personal profit," the indictment said. "VAN DYKE subsequently tried to conceal his unlawful use of classified U.S. Government information by attempting to obscure the source of his unlawful proceeds and to disguise his connection to the accounts linked to the illicit trades.""
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