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Home » US soldier pleads not guilty to charges of gambling on Maduro ouster

US soldier pleads not guilty to charges of gambling on Maduro ouster

New Statesman by New Statesman
2 days ago

NEW YORK — The U.S. Army soldier charged with winning $400,000 by using insider information to bet on the removal of ousted Venezuelan President Nicolas Maduro pleaded not guilty to fraud charges on Tuesday. Gannon Van Dyke, 38, entered the plea before U.S. District Judge Margaret Garnett’s courtroom in Manhattan. Van Dyke sported a shaved head and wore a black blazer, jeans and brown shoes as he arrived to the courtroom with his lawyers, Zach Intrater and Mark Geragos. Last week, Van Dyke was arrested on a federal indictment charging him with placing $33,000 in bets on prediction market Polymarket between December 27, 2025, and January 2, 2026, that Maduro would soon be out of office and that U.S. forces would soon enter Venezuela. Markets at the time assigned low probabilities to those events, leading to a big payout for Van Dyke, prosecutors said. The case marks the first time the Justice Department has filed insider trading charges involving a prediction market. The Commodity Futures Trading Commission also filed civil charges against Van Dyke. Van Dyke, a master sergeant with U.S.

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