A federal judge in the Southern District of New York has paused a civil enforcement case brought by the US Commodity Futures Trading Commission against Gannon Ken Van Dyke, a master sergeant in the US Army Special Forces, pending the outcome of a related criminal case. Prosecutors sought the stay in July, and both the civil and criminal actions were originally filed in April. Van Dyke is accused of using nonpublic information to profit by more than $400,000 on Polymarket event contracts tied to the potential ouster of Venezuelan President Nicolás Maduro. The US Department of Justice said he took part in an operation in January of this year aimed at overthrowing Maduro. Van Dyke has pleaded not guilty to all charges and has moved to dismiss the criminal indictment. The case may go to trial as early as late 2026 or early 2027, according to the report cited by Odaily from Cointelegraph.
A judge in the US District Court for the Southern District of New York has paused the Commodity Futures Trading Commission’s civil case against Gannon Ken Van Dyke, a master sergeant in the US Army Special Forces, while a related criminal case moves forward.
Prosecutors asked for the stay in July. Both the civil and criminal cases were filed in April.
Van Dyke is accused of using nonpublic information to make more than $400,000 in profit on Polymarket event contracts tied to the possible removal of Venezuelan President Nicolás Maduro. The US Department of Justice said he took part in an operation in January this year to overthrow Maduro.
Van Dyke has pleaded not guilty to all charges and has also moved to dismiss the criminal case. The matter could go to trial as early as late 2026 or early 2027.
The report was cited by Odaily from Cointelegraph.
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