Google worker charged with using internal data to make $1.2m on bets
The longtime Google employee was charged in New York for allegedly breaking insider trading laws.
A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting more than $1.2 million in profits.
The longtime Google employee was charged in New York for allegedly breaking insider trading laws.
It's the second known case of the federal government filing criminal charges against someone who allegedly used insider information to make a large profit on a prediction market site.
Federal prosecutors allege a software engineer made more than $1 million using nonpublic information to bet on who would be the most-searched people of 2025.
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Federal prosecutors on Wednesday charged a Google employee with insider trading on Polymarket. In a seven-page complaint filed in federal court in the Southern District of New York (SNDY), the Department of Justice (DOJ) alleged that 36-year-old Michele Spagnuolo, a software engineer at Google, exploited his access to confidential, nonpublic data on Google’s “Year in…
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