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US soldier placed bet with classified info to win $400K

Dave Jorgenson20 views
0:00

So?

0:00

I solved it.

0:01

You know who made $400,000 by placing a $32,000 bet on Polymarket that the U.S. would capture Venezuelan President Nicolas Maduro hours before they captured him back in January? It was shockingly easy.

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Who did it?

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U.S. Special Forces soldier Gannon Van Dyke. He was one of the soldiers involved, wasn't he? Yes, he had been involved in the planning of this capture in the month leading up to the event. He was the one person who made an enormous amount of money by making very specific predictions about this event hours before it happened. He made more than one bet?

0:31

Yes, then he deleted his account. How did they even find him after that? I mean, Polly Market still had all of his info. It wasn't just like shot in the space. What happened to all the money? He moved it into a cryptocurrency vault

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and then into a new brokerage account. Wow. And you figured all of this out on your own?

0:46

What?

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No, I just read about this in the news. I'm summarizing it for you. Federal officials announced that he would be charged and the Commodity Futures Trading Commission has filed a second complaint. Great, case closed.

0:57

I suppose. What is it? I just can't figure out how these prediction markets became so popular so quickly. I made money last night because I bet on the tornado.

1:06

What?

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What was that?

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An ad for prediction markets. They are everywhere.

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I wonder if these ads also influenced those three congressmen. Who? What now? Three congressional candidates were fined and suspended by Koshy for betting on their own races. So you can bet on basically anything?

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You can place bets on wars, assassinations, or terrorist attacks. Awesome! So cool! Apparently so. At least they're all getting caught for insider trading. Aha! There's another problem. There's no batteries in your remote. No, this is just a prop. Here's the president when he first learned about

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that soldier's crimes from reporters. The whole world, unfortunately, has become somewhat of a casino. Every place they're doing these betting things, I was never much in favor of it. I don't like it conceptually.

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Didn't he own a bunch of casinos that went bankrupt? Not the point I was making. After this interview, people started calling for Trump to pardon the guy. The soldier who used classified information for his own financial gain? Yes. Which could have put the entire operation in jeopardy.

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Affirmative. After he signed a non-disclosure agreement that specifically said he would not share this information. Yes. Why is this happening? You mean to say why aren't these prediction markets being better regulated by our government? Yes.

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2:13

And why isn't Donald Trump specifically doing more to stop this?

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Yes.

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And what I love about it is as the price moves, you can cash out anytime. You can cash out at any time? You can cash out at any time?

2:26

Yeah.

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