Google employee charged with using insider data to rig bets on Polymarket
US DoJ alleges software engineer Michele Spagnuolo, 36, earned $1.2m betting on Google’s most-searched list Sign up for the Breaking News US newsletter email The US justice department has charged a Google software engineer with using insider information to rig bets tied to Google’s most-searched list on the prediction market Polymarket , earning $1.2m in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-old Italian citizen, allegedly used i
Federal prosecutors have charged a Google software engineer with allegedly exploiting insider knowledge to manipulate betting outcomes on the Polymarket prediction platform. The 36-year-old engineer is accused of using confidential information about Google's trending search data to place profitable wagers. Authorities claim this scheme allowed him to accumulate approximately $1.2 million in illicit gains.
This case highlights the potential for misuse of proprietary corporate data and raises concerns about the integrity of prediction markets.
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