Google Employee Accused Of Making $1 Million From Insider Trading On Polymarket
Who could have seen this coming?
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To the surprise of nobody at all, people are continuing to abuse prediction markets to make a quick buck. Or according to accusations recently levied against a Google employee, a million quick bucks. Software engineer Michele Spagnuolo has been accused of using insider information from his employer to place bets on Polymarket about common Google search subjects. A federal criminal complaint has charged Spagnuolo with commodities fraud, wire fraud and money laundering. He allegedly earned $1.2 million after betting that the top-searched person on Google for 2025 would be singer d4vd, then tried to hide the source of his sudden windfall.
A Google spokesperson shared the following statement with ABC Newsregarding the case: "We're working with law enforcement on their investigation. The employee accessed our marketing material using a tool available to all employees, but using such confidential information to place...
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