CFTC brings insider-trading case tied to Polymarket

CFTC alleges an active-duty soldier used classified intel to trade Maduro-linked Polymarket contracts, netting $404K; DOJ indicted.
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The CFTC said that it filed a complaint in federal court against active-duty U.S. Army service member Gannon Ken Van Dyke, alleging he used classified nonpublic information to trade Nicolás Maduro-related event contracts on Polymarket. The regulator said the case is tied to sensitive U.S. operational planning known as “Operation Absolute Resolve.”

CFTC said Van Dyke bought more than 436,000 “Yes” shares in the “Maduro Out by January 31, 2026?” contract between December 30, 2025 and January 2, 2026, generating more than $404,000 in alleged profits. The agency also said this is the first time it has charged insider trading involving event contracts and the first time it has used the so-called “Eddie Murphy Rule” in a case involving misuse of government information.

The next point to watch is how the civil and criminal matters proceed. The CFTC said it is seeking restitution, disgorgement, civil monetary penalties, trading and registration bans, and a permanent injunction, while the U.S. Attorney’s Office also unsealed a parallel indictment on April 23.

Source: CFTC press release.


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