Google employee charged with fraud after winning $1.2m on Polymarket
A Google employee has been charged with fraud after allegedly winning $1.2 million by betting on Google trends at the gambling site Polymarket. Michele Spagnulo, who worked as an information security engineer, is accused of using insider information to place bets under a pseudonym. He faces multiple charges, including commodities fraud and money laundering, and has posted a $2.25 million bond following his arrest in New York.
- ▪Michele Spagnulo allegedly used insider information to win $1.2 million on Polymarket.
- ▪He faces charges of commodities fraud, wire fraud, and money laundering.
- ▪Spagnulo was arrested in New York and has posted a $2.25 million bond.
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Google employee charged with fraud after winning $1.2m on Polymarket Rob Beschizza 5:05 pm Wed May 27, 2026 Michele Spagnulo presenting at TedxLakeComo A Google employee was charged with fraud wednesday after allegedly winning $1.2m betting on Google trends at gambling site Polymarket. Michele Spagnulo, 36, used insider info and a pseudonym, prosecutors say, to run the table. Arrested in New York, he faces counts of commodities fraud, wire fraud and money laundering, according to a federal criminal complaint [PDF, justice.gov]. ABC News' Aaron Katersky and Katherine Faulders report that he has posted a $2.25m bond.
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