U.S. judge suspends civil lawsuit in CFTC's insider trading case against soldier Polymarket
2026-08-11 05:05:58
According to CoinMeta, as reported by Cointelegraph, Federal Judge Andrew Carter of the Southern District of New York has ordered a suspension of the civil case filed by CFTC against Army Special Forces non-commissioned officer Gannon Ken Van Dyke. The case will be rescheduled until the results of the related criminal proceedings are known. Gannon Ken Van Dyke is accused of using non-public information obtained from participating in the early actions to overthrow Venezuelan President N to profit over $400,000 by trading contracts related to these events in the Polymarket prediction market. Gannon Ken Van Dyke has pleaded not guilty to all charges and has filed a motion to dismiss the criminal prosecution, questioning the legality of CFTC's classification of these contract transactions as "swaps." The criminal trial is expected to begin at the end of 2026 or the beginning of 2027.
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Source:Internet
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