[U.S. Judge Halts CFTC Civil Lawsuit Against Soldier in Polymarket Insider Trading Case]
According to Cointelegraph, U.S. District Judge Andrew Carter of the Southern District of New York has ruled to pause the civil case brought by the CFTC against Army Special Forces Sergeant Gannon Ken Van Dyke, pending the outcome of related criminal proceedings. Gannon Ken Van Dyke is accused of using non-public information obtained during his involvement in an operation to overthrow Venezuelan President Nicolás Maduro to profit over $400,000 by trading event contracts on the Polymarket prediction market. Gannon Ken Van Dyke has pleaded not guilty to all charges and filed a motion to dismiss the criminal indictment, questioning the legal clarity of the CFTC's classification of prediction market event contracts as "swaps." The criminal trial is expected to commence in late 2026 or early 2027.
