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The Justice Department arrests a soldier who made more than $400,000 betting on the ouster of Venezuela's president in online gambling

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2 min read
  1. The U.S. Department of Justice arrested and charged an Army soldier accused of using confidential information for bets on prediction markets tied to Venezuela and Nicolás Maduro.

  2. Prosecutors say the soldier made about $410,000 from the trades and moved the proceeds into cryptocurrency and brokerage accounts while trying to hide his identity.

  3. The case highlights alleged misuse of military secrets in prediction markets and raises scrutiny over oversight and information controls.

  4. The charges include offenses related to commodities law violations and wire fraud.

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