Soldier Involved in Maduro Abduction Arrested for Profiting Off Polymarket Bets

The US Justice Department announced Thursday that an American special forces soldier has been arrested and charged for pocketing over $400,000 by betting, on the basis of classified information, on the timing of the Trump administration’s illegal abduction of Nicolás Maduro earlier this year. Gannon Ken Van Dyke, an active-duty soldier in the US Army who was involved in planning and executing…
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Polymarket Takes Down Betting on Nuclear Detonation After Backlash

Polymarket archived a market on whether a nuclear bomb would be detonated by the end of this year, just days after the betting company faced criticism for allowing users to gamble on the commencement of the U.S. and Israel’s war with Iran. Journalist David Sirota posted about the existence of the market on social media on Tuesday evening. The market allowed users to bet on whether a nuclear…
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Calls for Regulation Grow as Polymarket Bets on Iran War Top $529 Mil

The betting website Polymarket saw $529 million traded on bets predicting when the United States and Israel would conduct their first bombing campaign against Iran last week. Six newly-created accounts on the site made a profit of over $1 million on their own, correctly predicting the first strike in the war would happen on February 28. The unusual activity on the site has prompted several…
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