Status Conference Scheduled in First Alleged Insider-Trading Case Involving U.S. Soldier and Polymarket
Master Sgt. Gannon Ken Van Dyke faces charges of using classified information on the capture of Venezuelan President Nicolas Maduro to place 13 bets on Polymarket. He pleaded not guilty in April and returns to court on June 8, 2026.
ABC NewsLawyers for Master Sgt. S. Army special forces soldier, are scheduled to appear Monday in a Manhattan courtroom for a status conference on pre-trial issues. S. District Judge Margaret Garnett set the hearing to address the exchange of evidence that began last month.
Van Dyke was charged with using classified information about the capture of Venezuelan President Nicolas Maduro to place 13 bets on the prediction market Polymarket. Prosecutors said he made more than $400,000 from those trades and later attempted to destroy evidence of the activity. Van Dyke pleaded not guilty in April.
During the April arraignment, his defense attorney said few factual disputes were expected and that the case would largely rise and fall on pre-trial motions. Van Dyke was released on a $250,000 personal recognizance bond. His attorney, Zach Intrater, said Van Dyke is currently on leave from the Army.
A photograph of Van Dyke appears on his Facebook account. The Van Dyke prosecution is believed to be the first case of insider trading on a prediction market. 2 million on Polymarket.
