(The Center Square) – An alleged attempt by a U.S. Army Special Forces soldier to profit from classified military intelligence on a prediction market platform has resulted in the first-ever insider trading case involving event contracts – a legal milestone that comes at a critical juncture for Polymarket and the broader prediction market industry.

Federal prosecutors and the Commodity Futures Trading Commission announced charges against Master Sergeant Gannon Ken Van Dyke, 38, of Fayetteville, North Carolina. Van Dyke allegedly used classified details about Operation Absolute Resolve – the January special forces mission that captured former Venezuelan President Nicolás Maduro – to place approximately $34,000 in bets on Polymarket, generating over $400,000 in profits.

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

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