Federal prosecutors say that Sgt. Gannon Ken Van Dyke, who was involved in planning to oust Nicolás Maduro from power in Venezuela, used the information to place bets on a prediction market.
Federal prosecutors say that Sgt. Gannon Ken Van Dyke, who was involved in planning to oust Nicolás Maduro from power in Venezuela, used the information to place bets on a prediction market.
People have been betting on things for centuries, with the understanding that if you have actual knowledge or influence over the outcome, you’re not allowed to take part.
Thus bookies are legal, but if you’re a racer you can’t bet on your own race. If you’re a footballer you can’t bet on your own game.