Soldier used classified intel to win $400K Polymarket bet on Maduro raid

A U.S. special forces soldier involved in the military operation to capture Venezuelan President Nicolás Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday. Gannon Ken Van Dyke was part of the operation to capture Maduro in January and used his access to classified information to make money on the prediction market site Polymarket, the federal prosecutor’s office in New York said. He has been charged by the Justice Department with unlawful use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud and making an unlawful monetary transaction. He could face years in prison. Van Dyke, 38, was involved in the planning and execution of capturing Maduro for about a month beginning Dec. 8, 2025, according to the federal prosecutor’s office. Even though he signed nondisclosure agreements promising to not divulge “any classified or sensitive information” related to the operations, prosecutors say the Army soldier used this information to make a series of bets related to Maduro being out of power by Jan. 31, 2026. “This involved a U.S. soldier who allegedly took advantage of his position to profit off of a righteous military operation,” FBI Director Kash Patel said in a post to social media. A telephone number listed for Van Dyke in public records was not in service. There was not yet an attorney listed for him in court documents. Polymarket, one of the largest prediction markets in the world, said it had found someone trading on classified government information, alerted the U.S. Department of Justice and “cooperated with their investigation.” “Insider trading has no place on Polymarket,” the company said in a statement. The Commodity Futures Trading Commission, the federal agency that regulates prediction markets, announced Thursday it had filed a parallel complaint against Van Dyke. That complaint alleges that Van Dyke moved $35,000 from his personal bank account into a cryptocurrency exchange account on Dec. 26 — a little over a week before U.S. forces would fly into Caracas and seize Maduro. Van Dyke used more than $32,500 to make a series of bets on when Maduro might be removed from power, according to the complaint. He placed those bets between Dec. 30 and Jan. 2, with the vast majority occurring the night of Jan. 2 — just hours before the first missiles would fall on Caracas. In the early hours of Jan. 3, President Donald Trump posted on his social media platform a photo of the now-captured Venezuelan leader, wearing a gray sweatsuit, headphones and a blindfold. The bets Van Dyke made on Maduro leaving power resulted in “more than $404,000 of profits,” the complaint said. Bets on three other Venezuela-related contracts netted the solider more than $5,000, according to the document. “The defendant was entrusted with confidential information about U.S. operations and yet took action that endangered U.S. national security and put the lives of American service members in harm’s way,” said Michael Selig, the commission’s chairman. The massive profits from the well-timed bets aroused public attention days after the raid and brought bipartisan calls for stricter regulation of the markets where people can wager on just about anything. Officials allege that shortly after the operation, Van Dyke put most of the money he won in a foreign cryptocurrency vault and then into a new brokerage account. He also asked Polymarket to delete his account, saying he had lost access to his email associated with the account, according to the federal prosecutor’s office.

Trump Administration Seeks Appeal to Pause White House Ballroom Halt Order

The Trump administration is arguing that a judge’s order to halt construction of a $400 million ballroom creates a security risk for President Donald Trump as it asks a federal appeals court to pause the ruling. In a motion filed Friday, National Park Service lawyers say that the federal judge’s order to suspend construction of the new facility is “threatening grave national-security harms to the White House, the President and his family, and the President’s staff.” “Time is of the essence!” the lawyers write, citing materials that will be installed to make a “heavily fortified” facility. The ballroom construction also includes bomb shelters, military installations and a medical facility, according to the filing. The ballroom is part of President Donald Trump’s plans to quickly remake Washington. U.S. District Judge Richard Leon in Washington on Tuesday ordered the temporary pause of the construction project that has included demolishing the East Wing of the White House. He concluded that unless Congress approves the project, the preservationist group suing to stop it is likely to succeed on the merits of its claims because “no statute comes close to giving the President the authority he claims to have.” The judge suspended enforcement of his order for 14 days acknowledging that the administration would appeal his decision. Leon’s ruling and the appeal come the same week a key agency tasked with approving construction on federal property in the Washington region gave final approval to the project. In his ruling Leon, who was nominated by Republican President George W. Bush, suspended enforcement of his order recognizing that “halting an ongoing construction project may raise logistical issues.” Leon also addressed national security in his ruling, saying that he reviewed information that the government privately submitted to him and concluded that halting construction wouldn’t jeopardize national security. He exempted any construction work that is necessary for the safety and security of the White House from the scope of the injunction. Trump lashed out at the ruling, but also noted that it would allow work on underground bunkers and other security measures around the White House grounds to continue — even though those will be paid for by taxpayers. Trump has pledged that he, along with private donors, will cover the costs for the ballroom construction. But the National Park Service argues in its motion that the president has “complete authority to renovate the White House” and the current state of the grounds, which is an open construction site, make it harder to protect the White House. “Canvas tents, which are necessary without a ballroom, are significantly more vulnerable to missiles, drones, and other threats than a hardened national security facility,” the motion says. The Trump administration is asking the appeals court to make a decision on its request by Friday. It also asked that the 14-day suspension of Leon’s order be extended by another two weeks so that the case can be taken to the Supreme Court.