Polymarket insider trading trial set for Dec. 7 for Manhattan

One Manhattan federal court don schedule trial for Dec. 7 for US Army soldier Gannon Van Dyke for wetin prosecutors dey call the first US insider trading case wey connect to prediction market. The Polymarket insider trading tori talk say e use classified military intelligence wey concern one January operation wey involve Venezuela President Nicolás Maduro to place profitable bets. Court papers talk say Van Dyke make 13 Venezuela-related Polymarket bets inside seven days for late December, turn about $33,000 to more than $410,000 profit. E plea not guilty for April and now dey face three counts under the Commodity Exchange Act plus wire fraud and unlawful monetary transaction charges. Defense fit try make dem dismiss the case, and dem dey plan motion say e go drop by end of next month; prosecutors still talk say im try delete im Polymarket account after settlement. Outside the criminal matter, Polymarket dey face plenty regulatory pressure. House Oversight don request documents and comms wey relate to the Maduro operation. South Korea don open related investigation for domestic users, and the US CFTC don file civil complaint, with Chair Mike Selig warning say dem go enforce laws against fraud, manipulation, and insider trading for regulated markets. For crypto traders, this Polymarket insider trading case na clear reminder say prediction-market activity fit attract both criminal and civil enforcement — meaning compliance and counterparty-risk premiums go rise short-term.