Google employee charged with insider trading over Polymarket bets
A Google employee has been charged with insider trading after allegedly using confidential information to profit from bets on the prediction market platform Polymarket. Michele Spagnuolo is accused of winning over $1.2 million by wagering on Google's most-searched list. The case highlights ongoing concerns about insider trading and its impact on market integrity.
- ▪Michele Spagnuolo, a Google software engineer, has been charged with fraud for allegedly using insider information to profit from bets.
- ▪He reportedly made over $1.2 million in bets on Polymarket, using an account named 'AlphaRaccoon'.
- ▪The total amount wagered was approximately $2.75 million, with successful predictions made shortly after accessing confidential data.
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News|CrimeGoogle employee charged with insider trading over Polymarket betsMichele Spagnuolo allegedly used insider information to profit from bets on people on Google’s most-searched list.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoAn advertisement promoting betting on the Polymarket platform shows candidates Zohran Mamdani and Andrew Cuomo before the New York City mayoral election in New York, the US, on November 4, 2025 [Olga Fedorova/AP Photo]By Adam HancockPublished On 28 May 202628 May 2026A Google software engineer has been charged with fraud by US authorities after allegedly using insider information to win more than $1.2m in bets on the prediction market platform Polymarket.Michele…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Al Jazeera English.
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