Attorneys for the U.S. Military particular forces soldier who was charged with utilizing categorized details about the seize of Venezuelan President Nicolas Maduro to make more than $400,000 on the prediction market Polymarket are returning to a Manhattan courtroom Monday.
Grasp Sgt. Gannon Ken Van Dyke pleaded not guilty in April after prosecutors alleged he used inside data to position 13 bets on the result of the Maduro raid then tried to destroy proof of the trades after he pocketed greater than $400,000.
U.S. District Choose Margaret Garnett scheduled the standing convention to observe up on pre-trial points, together with the turning over of proof that started final month.
Throughout Van Dyke’s arraignment in April, his protection legal professional stated he anticipated few factual disputes over the allegations within the case and believed that the prosecution would “largely rise and fall” on pre-trial motions.
An image of Gannon Ken Van Dyke, posted on his Fb social media account.
Gannon Ken Van Dyke/Fb
Van Dyke, an skilled particular forces soldier, was launched on a $250,000 private recognizance bond. In line with his legal professional Zach Intrater, he’s at present on depart from the Military.
As allegations of insider trading immediate public scrutiny of websites like Polymarket and Kalshi, the Van Dyke prosecution is believed to be the primary case of insider buying and selling on a prediction market.
Prosecutors in New York final month additionally charged a Google employee with utilizing confidential firm data to make greater than $1.2 million on Polymarket.
