Google employee accused of making over $1.2M by insider trading on Polymarket
A Google software engineer, Michele Spagnuolo, has been charged with insider trading after allegedly profiting over $1.2 million on Polymarket. He reportedly used confidential company information to place bets on the most searched celebrities of 2025. The case raises concerns about insider trading in prediction markets, which have gained popularity in recent years.
- ▪Michele Spagnuolo allegedly used an internal tool to access Google's top-trending searches before betting on Polymarket.
- ▪He was charged with commodities fraud, wire fraud, and money laundering, and was released on a $2.25 million bond.
- ▪Polymarket has stated that it flagged the trader and cooperated with federal authorities regarding the case.
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Politics Google employee accused of making over $1.2M on Polymarket through insider trading By Joe Walsh Joe Walsh Senior Editor, Politics Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston. Read Full Bio Joe Walsh Updated on: May 28, 2026 / 5:06 PM EDT / CBS News Add CBS News on Google 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 second insider trading prosecution against a user of the popular prediction market service in recent months.In court papers released by the Justice Department, Michele Spagnuolo was accused of using an internal company tool late last year to look…
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