How is this illegal? Polymarket isn't a US-regulated market.
US special forces soldier arrested after allegedly winning $400k on Maduro raid
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Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#12Rules for thee but not for me.
Who is the "thee" and "me" in this scenario?
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#13Earlier quoted context omitted.
> no SEC lawsuit or civil complaint The suspect didn't trade securities. SEC doesn't have jurisdiction. The curiosity–to me as a layman–is that this is being prosecuted by the DoJ versus under the UCMJ.
Then what laws were broken if it is not insider trading?
Probably something related to leaking or unauthorized use of classified information.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#14Nabbing the little guy for show, very much like Henry Hill taking one for Paulie and the gang. The same gang that robbed the Lufthansa vault at JFK Airport, stealing six million dollars in cash and jewelry. When the history of this administration is written, provided that history itself has not been completely rewritten a la "1984," Goodfellas will be required reading/watching. And the highly profitable daily mood-in…
I made a similar argument and was downvoted. Yeah, the well-connected pay a fine when caught. This guy's mistake was not knowing he did not belong to that club. He amounted to no more than a fall guy.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#15How is this illegal? Polymarket isn't a US-regulated market.
It's rather obviously illegal to leak classified intel by taking public actions based off of it... that's practically the meaning of the word "classified".
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#16How is this illegal? Polymarket isn't a US-regulated market.
From the indictment, he's being charged with the following:
* Unlawful Use of Confidential Government Information for Personal Gain
* Theft of Nonpublic Government Information
* Commodities Fraud
* Wire Fraud
* Engaging in a Monetary Transaction in Property Derived from Specified Unlawful Activity
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#17How is this illegal? Polymarket isn't a US-regulated market.
From the indictment, he's being charged with the following: * Unlawful Use of Confidential Government Information for Personal Gain * Theft of Nonpublic Government Information * Commodities Fraud * Wire Fraud * Engaging in a Monetary Transaction in Property Derived from Specified Unlawful Activity https://www.justice.gov/usao-sdny/media/1437781/dl
So had this not involved presumed military secrets, it would have been legal? So it was the classified info that made it a crime, and then the insider trading aspect was later tacked on? It's crazy how the government adds so many charges. This guy is screwed.
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#18They should run for Congress
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#19How many people in congress made the exact same bet on the exact same information, and for them it's "legal?"
Re: US special forces soldier arrested after allegedly winning $400k on Maduro raid
#20Isn't this the purpose of Polymarket? To give a more accurate picture of what is going on/going to happen by giving insiders a financial incentive?