Soldier's arrest over Polymarket bet on Maduro raid fuels insider trading concerns
PBS News Hour - Segments
PBS NewsHour
4.1 • 1K Ratings
🗓️ 24 April 2026
⏱️ 6 minutes
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| 0:00.0 | A U.S. Special Forces soldier who helped to plan the January capture of Venezuelan President |
| 0:05.8 | Nicolas Maduro has been indicted for allegedly using classified information about the raid |
| 0:11.5 | to place bets in the prediction market. The soldier who was stationed at Fort Bragg in North |
| 0:16.4 | Carolina won more than $400,000 on the platform Polymarket by placing a series of bets about |
| 0:23.1 | Maduro's removal. The indictment is raising new concerns about insider trading and the need |
| 0:28.1 | for regulation. Joining us to discuss this is our White House correspondent Liz Landers and |
| 0:33.2 | David Hill, who's a journalist who writes about gambling for Rolling Stone and on his American |
| 0:38.2 | gambler substack. Welcome to you both. And David, I'll start with you because you follow these |
| 0:42.3 | markets so closely. Just briefly set the stage for us. What kind of concerns does this indictment |
| 0:47.4 | raise? Well, it raises a lot of concerns. It also answers a lot of concerns. There's been quite a bit of |
| 0:52.5 | concern about |
| 0:55.4 | prediction markets and the markets that they offer on geopolitical events, but also an insider |
| 1:00.7 | trading that might be happening those markets for a number of months as we've seen prediction |
| 1:04.6 | markets grow in the United States. And so a prosecution like this is very important, I think, |
| 1:09.0 | for the prediction markets to try to return to some trust and sense of integrity about the markets that they offer. |
| 1:15.8 | And Liz, you had a chance to ask President Trump about this indictment specifically yesterday. What did he say? |
| 1:20.4 | This news was breaking as we were going back into the Oval Office around 6 p.m. last night. And I asked the president about this case, kind of read some of the |
| 1:28.4 | details to him. He had actually seemingly not heard about it yet, so he was asking me questions. |
| 1:33.2 | And then I asked him a follow-up question about these bigger bets that are also being |
| 1:36.8 | plus about Iran. Here's that exchange. |
| 1:39.9 | There are also been placed as well on the Iran conflict, too, and there have been some trackings where people suspect |
| 1:46.8 | that there's insider trading happening on these prediction markets |
... |
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