The 38-year-old soldier, who used Polymarket to wager, faces one count of wire fraud, one count of an unlawful monetary transaction and three counts of violating the Commodity Exchange Act, according to the indictment. If Van Dyke is convicted on all counts, he faces a maximum sentence of 50 years in prison.

A U.S. Army soldier was arrested on an indictment accusing him of using classified information to make bets that won him $400,000 on the Polymarket prediction market related to…

A U.S. soldier has been charged with using inside information to win $400,000 in an online betting market on Venezuelan President Maduro’s capture, federal officials said.