A US soldier faces charges for using classified information to bet on online prediction markets related to the US operation to capture former Venezuelan president Nicolas Maduro, the Department of Justice informed on Thursday.
US Army soldier Gannon Ken Van Dyke, 38, of Fayetteville, North Carolina, allegedly made over $400,000 by using the online platform Polymarket to bet on outcomes related to US forces arriving in Venezuela’s capital Caracas and deposing Maduro, an operation he helped plan and execute, according to justice officials.
The US military launched strikes on Caracas on 3 January, arresting Maduro and his wife Cilia Flores and whisking them to New York to face drug trafficking charges.
“Our men and women in uniform are trusted with classified information to accomplish their mission and are prohibited from using this highly sensitive information for personal financial gain,” Acting US Attorney General Todd Blanche said in a statement.
Van Dyke faces one count of wirefraud, one count of an unlawful monetary transaction and three counts of violating the Commodity Exchange Act, according to the indictment.
The indictment marks the latest instance of insider information being used to bet on the actions of the second Trump administration.
Earlier in 2026, six accounts on Polymarket made $1.2 million after betting that the United States would attack Iran on 28 February, the day the war in the Middle East began.
No arrests have been made in connection with those bets, and so far, there is no evidence US President Donald Trump or White House officials are linked to the transactions.
Democratic lawmakers and other critics have accused Trump and his family of having conflicts of interest since the beginning of his second term.
In March, Trump posted on his Social platform about ‘very productive’ talks with Iran, sending oil prices downward and stocks surging, and people who placed the flurry of futures trades beforehand likely pocketed tens of millions of dollars, according to calculations by a market operator.
Members of the Trump family have also made hundreds of millions of dollars in profits from cryptocurrencies, a market he has sought to deregulate.
And Trump’s son Donald Jr is a partner at 1789 Capital, which made a multi-million investment in Polymarket in 2025, leading the prediction market to name him as a company adviser.
If Van Dyke, who used Polymarket to wager, receives a conviction on all counts, he could face a maximum prison sentence of 50 years.
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