Overview
- Van Dyke, who entered his plea Tuesday in Manhattan federal court, was released on a $250,000 bond and must limit travel to parts of New York, North Carolina, and California.
- Prosecutors say the Army Master Sergeant used a VPN to buy about $33,934 of Polymarket contracts tied to the January raid on Nicolás Maduro and then cleared more than $400,000 when the operation succeeded.
- SDNY and the CFTC brought parallel criminal and civil cases in what they call the first application of Commodity Exchange Act insider‑trading provisions to prediction‑market bets.
- Polymarket says it detected the suspicious trades and alerted authorities, and platforms have begun tightening rules as Kalshi recently fined and suspended three congressional candidates for betting on their own races.
- Regulators are moving to set clearer guardrails as the CFTC pursues rulemaking and states like New York and Illinois bar public employees from using nonpublic information to trade, reflecting wider scrutiny of event contracts that pay $1 for outcomes like “yes” and $0 for “no.”