US Military Defense Challenges CFTC in Polymarket Case

Kenneth Van Dyke's defense disputes the CFTC's involvement in his case regarding Polymarket, where he allegedly profited from insider information.

Lawyers representing military member Kenneth Van Dyke have contested the U.S. Commodity Futures Trading Commission's (CFTC) intention to intervene in his criminal case. The defense disputes the regulator's claim that Polymarket contracts fall under its jurisdiction as swaps.

Van Dyke faces allegations of using insider information regarding a U.S. military operation to bet on the ousting of Nicolás Maduro. Authorities claim he profited over $400,000 from these transactions. The military member has pleaded not guilty to the charges.

US Military Defense Challenges CFTC's Role in Polymarket Case