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PBS News Hour - Segments

Soldier's arrest over Polymarket bet on Maduro raid fuels insider trading concerns

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 24 April 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

A Special Forces soldier who helped plan the capture of Venezuelan President Nicolas Maduro was indicted for allegedly using classified information about the raid to make prediction market bets. It is raising new concerns about insider trading and the need for regulation. Amna Nawaz discussed more with Liz Landers and David Hill, who writes about gambling for Rolling Stone and American Gambler. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

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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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