CFTC Clashes with U.S. Soldier over $400K Polymarket Bet

CFTC clashes with U.S. soldier over $400K Polymarket bet

The CFTC entered a criminal Polymarket case to defend its view that event contracts are swaps covered by commodities law.

CFTC, US soldier Accused of Illegal Polymarket Bet Spar over Interpretation of Prediction Markets

Gannon Ken Van Dyke’s lawyers called the CFTC a “regulatory wolf“ for its request to file an amicus brief in his criminal case over the definition of “swaps“ on prediction markets.

CFTC Bids to Join $404K Polymarket Insider Trading Case

Why Are Van Dyke’s Lawyers Fighting the CFTC’s Bid? The US Commodity Futures Trading Commission has asked to weigh in on the criminal case against Army Master Sergeant Gannon Ken Van Dyke, seeking to enter a legal dispute that could help determine how US commodities law applies to prediction-market contracts. The CFTC has asked US District Judge Margaret Garnett for permission to file an amicus brief supporting prosecutors’ opposition to Van Dyk…

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets - Invest In Crypto News

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case. Source link The post CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets first appeared on Invest In Crypto News.The post CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets app…

CFTC Seeks Role In Polymarket Insider-trading Criminal Case

BitcoinWorld CFTC seeks role in Polymarket insider-trading criminal case The U.S. Commodity Futures Trading Commission (CFTC) is seeking to intervene in the criminal insider-trading case against Gannon Ken Van Dyke, a former U.S. military member accused of using confidential intelligence to earn over $400,000 on Polymarket. Van Dyke’s legal team has filed a strong opposition to the CFTC’s request, setting the stage for a legal battle over the a…

CFTC backs Polymarket case against US soldier

The Commodity Futures Trading Commission (CFTC) is backing the criminal case against Gannon Ken Van Dyke, a US Army master sergeant accused of using classified military information to make more than $400,000 trading Polymarket event contracts tied to Venezuela and Nicolás Maduro. In an August 21 notice, the CFTC asked the US District Judge Margaret M. Garnett for permission to file an amicus brief supporting prosecutors as Van Dyke seeks to dism…