FBI says Google engineer used internal search data to win $1.2M on Polymarket
The US charged a Google software engineer with insider trading after he allegedly made a profit of $1.2 million on Polymarket bets related to which public figures would top Google's rankings for the most searched names in 2025. Michele Spagnuolo, an Italian citizen who lives in Switzerland, "was arrested on Wednesday and brought before a federal judge in New York," the BBC wrote . Spagnuolo was charged "with commodities fraud, wire fraud, and money laundering arising from his
A Google engineer has been arrested and charged with insider trading for allegedly profiting $1.2 million through bets on a prediction market. The engineer, Michele Spagnuolo, is accused of using confidential internal Google data to gain an unfair advantage. He reportedly made wagers on Polymarket concerning which individuals would be the most searched on Google in 2025, knowing the outcomes in advance due to his access to proprietary information.
This case highlights concerns about the misuse of corporate data and the integrity of financial markets when insider information is involved.
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