Judge pauses CFTC Polymarket case tied to alleged $400,000 Maduro contract profits

A federal judge in New York has paused the U.S. Commodity Futures Trading Commission civil case against Gannon Ken Van Dyke while a related criminal prosecution moves forward. Prosecutors sought the stay in July. Van Dyke is accused of using nonpublic information to make more than $400,000 trading Polymarket event contracts linked to the removal of Venezuela President Nicolás Maduro. The U.S. Department of Justice said he took part in an effort to overthrow Maduro in January this year. Both the criminal and civil cases were filed in April. Van Dyke has pleaded not guilty to all charges and is seeking dismissal of the criminal indictment, with a trial potentially beginning as early as late 2026 or early 2027.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.