Army soldier Gannon Van Dyke faces what is described as the U.S. government’s first insider trading prosecution tied to a prediction market, in a Manhattan case testing market-abuse theories in event-outcome trading.
A Manhattan court has scheduled a Dec. 7 trial for Army soldier Gannon Van Dyke in what is described as the U.S. government’s first insider trading prosecution involving a prediction market. Courtroom reporting from Inner City Press said U.S. District Judge Margaret set the trial date, advancing a case that could test how traditional insider trading theories apply to markets where participants trade on future event outcomes.