Google employee accused of making $1 million from insider trading on Polymarket
A Google employee has been accused of making $1.2 million through insider trading on the prediction market Polymarket. Michele Spagnuolo allegedly used confidential information from his employer to place bets on popular Google search topics. Google has placed him on leave and is cooperating with law enforcement in the investigation.
- ▪Michele Spagnuolo is accused of using insider information to bet on Polymarket.
- ▪He allegedly earned $1.2 million by predicting the top-searched person on Google for 2025.
- ▪Google has stated that using confidential information for betting is a serious breach of their policies.
Opening excerpt (first ~120 words) tap to expand
News Apps Google employee accused of making $1 million from insider trading on Polymarket Who could have seen this coming? By Anna Washenko May 27, 2026 7:09 pm EST PJ McDonnell/Shutterstock 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.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Engadget.
Discussion
0 commentsMore from Engadget
