A U.S. Army soldier accused of profiting on Polymarket with confidential information tied to a raid has asked a judge to throw out the case, according to Bloomberg. Prosecutors say Special Forces soldier Gannon Ken Van Dyke took part in planning and carrying out the raid to capture then-Venezuelan President Nicolas Maduro. The defense argues that the wagers in question do not amount to a crime and describes the government’s prosecution as overreach. Van Dyke’s lawyers also said the case rests on an untested legal theory. The filing puts a prediction-market platform at the center of a legal fight over whether using alleged nonpublic operational information for event-based bets can be prosecuted under existing law.
A U.S. Army soldier accused of using confidential information related to a raid to make profitable bets on the prediction market platform Polymarket has asked a judge to dismiss the case, according to Bloomberg. He argues that the betting activity at issue does not constitute a crime.
Prosecutors said Special Forces soldier Gannon Ken Van Dyke participated in planning and carrying out the raid to capture then-Venezuelan President Nicolas Maduro. His lawyers described the prosecution as government overreach and said the case is built on an untested legal theory.
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