(SeaPRwire) – RT looks into how prediction markets are stoking concerns over the misuse of non-public information
A US Special Forces soldier accused of earning more than $400,000 by wagering on a classified military operation pleaded not guilty in court on Tuesday. This case has highlighted growing worries that prediction markets are turning geopolitical events into opportunities for insider profit.
Master Sergeant Gannon Ken Van Dyke is alleged to have used classified details about the US raid in January targeting the kidnapping of Venezuelan President Nicolas Maduro to place roughly $33,000 in bets on Polymarket, where he reportedly took home around $400,000 in winnings.
This marks the first US criminal prosecution tying insider trading to prediction markets — platforms where users place bets on real-world events such as elections and conflicts.
Van Dyke faces charges including fraud and unlawful use of confidential government information, and has been released on bond with travel restrictions while awaiting trial. His lawyer called the allegations “not a crime” and described his client as an “American hero.”
US President Donald Trump has criticized insider trading, saying “the whole world… has become somewhat of a casino.” His son, Donald Trump Jr., has financial ties to the sector as a shareholder in Polymarket.
RT’s Murad Gadziev reports on how these platforms function — and why regulators are increasingly concerned about their potential for abuse.
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