Polymarket · New York · White House · Decrypt
December Trial Date Set for US Soldier Accused of Insider Trading on Polymarket
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A tentative trial date was set on Monday in Manhattan for the U.S. Army soldier accused of abusing classified military intelligence to place winning wagers on Polymarket.
Key facts
- Gannon Ken Van Dyke, the 38-year-old who pleaded not guilty in April to five federal crimes including commodities fraud, is set to face trial on Dec. 7, per courtroom reporting from Inner City Press
- Van Dyke, who was released on a $250,000 personal recognizance bond following his arraignment, arrived in court before U.S. District Judge Margaret Garnett wearing a “dark suit jacket, black shirt
- Prosecutors accused Van Dyke, an active-duty service member, of placing 13 bets on Venezuela-related outcomes over a seven-day period that began in late December
- As the U.S. government’s f irst insider trading case involving a prediction market, the legal action in the Southern District of New York underscores coordinated efforts to rein in misconduct
Summary
Active-duty U.S. Army soldier Gannon Ken Van Dyke is now scheduled for a December trial in Manhattan. Van Dyke allegedly abused classified military intelligence regarding Venezuelan President Nicolás Maduro's capture. Van Dyke, who pleaded not guilty to five federal charges in April, is accused of insider trading on Polymarket. A tentative trial date was set on Monday in Manhattan for the U.S. Army soldier accused of abusing classified military intelligence to place winning wagers on Polymarket. Gannon Ken Van Dyke, the 38-year-old who pleaded not guilty in April to five federal crimes including commodities fraud, is set to face trial on Dec. 7, per courtroom reporting from Inner City Press.