The US Military Just Arrested One of Its Soldiers for Making Ghoulish Polymarket Bets, and It Shows How Deep the Moral Rot of Prediction Markets Really Goes

An active-duty U.S. Army soldier was indicted over alleged Polymarket bets tied to a Venezuela military operation.

Prosecutors say Gannon Ken Van Dyke wagered more than $33,000 on nonpublic information before the operation.

He is also accused of trying to conceal the gains by moving money through crypto and brokerage accounts.

The case raises fresh concerns about prediction markets, confidential military data, and market integrity.