The Soldier, VPN and $400K Test To CFTC's Reach as Polymarket Probe Returns

The US Commodity Futures Trading Commission (CFTC) is reportedly reopening a Polymarket probe. A soldier’s alleged $400,000 insider-betting case now tests its authority over prediction markets. Two sources told Reuters the agency is reviewing whether Polymarket honored a 2022 settlement promise to block US traders. The reported scope also covers its CFTC-licensed US exchange. How did a soldier’s VPN end up in the CFTC’s orbit? Prosecutors allege Master Sgt. Gannon Ken Van Dyke used classified knowledge of the Maduro raid to bet on Polymarket. He allegedly spent about $33,000 on 13 bets before the January operation that captured Venezuelan leader Nicolás Maduro. The wagers produced $409,881 in profit, prosecutors say. Additionally, he allegedly opened the account through a virtual private network (VPN), which masks a user’s location.

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