PJ Media,
by
Sarah Anderson
Original Article
Posted by
Mercedes44
—
4/24/2026 5:24:19 AM
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Athletes betting for or against themselves and their teammates is something that's been going on for decades. We regularly see insider trading in the finance, corporate, and political worlds. But active duty military members betting via prediction markets on matters of national security is kind of new. In 2025, the prediction marketplace Polymarket began allowing people to enter "binary event contracts related to whether certain events involving Venezuela and/or [Nicolás] Maduro would, or would not, occur," according to the Department of Justice (DOJ).
A 38-year-old from Fayetteville, N.C. named Gannon Ken Van Dyke won almost $410,000 on all of these Maduro- and Venezuela-related bets. The problem?