A United States soldier has been charged with trading on classified information through prediction markets, according to multiple reports. The case involves alleged betting activities related to Venezuelan President Nicolás Maduro.

The soldier was reportedly blocked from opening an account on Kalshi, a regulated prediction market platform, according to a source familiar with the matter. The specific reasons for the account restriction were not immediately disclosed.

The charges against the soldier center on allegations of using classified information to make trades on prediction markets. Such activity would potentially violate federal laws governing the handling of classified materials and could constitute insider trading.

Prediction markets allow users to bet on the outcomes of various events, including political developments and economic indicators. These platforms have grown in popularity but face ongoing regulatory scrutiny in the United States.

The case comes as prediction market operators like Polymarket and Kalshi navigate complex regulatory environments. Industry observers suggest the prosecution could influence how these platforms operate and comply with federal oversight requirements going forward.