The U.S. Department of Justice has arrested an active-duty soldier who placed PolyMarket bets on an operation to arrest Venezuelan President Nicolas Maduro, CoinDesk reported. The soldier is accused of using internal confidential information before participating in the operation to bet approximately $33,000 on PolyMarket, generating a profit of about $400,000. The Justice Department called it “clear insider trading.” The suspect reportedly converted funds into USDC and other cryptocurrencies, moved them to overseas accounts, and then attempted to evade tracing.
