Google engineer charged with insider trading on Polymarket after alleged $1.2M profit
A Google engineer has been charged with insider trading after allegedly profiting $1.2 million on Polymarket. Michele Spagnuolo is accused of using confidential internal search data to place bets on Google's Year in Search results. He faces multiple charges, including commodities fraud and money laundering, and was released on a $2.25 million bond.
- ▪Michele Spagnuolo, a 36-year-old Google cybersecurity engineer, was charged with insider trading.
- ▪He allegedly used nonpublic search trend data to predict the outcome of Google's Year in Search 2025.
- ▪Spagnuolo's Polymarket account was registered under the pseudonym AlphaRaccoon.
Opening excerpt (first ~120 words) tap to expand
Google engineer charged with insider trading on Polymarket after alleged $1.2M profit Michele Spagnuolo allegedly used internal search data to bet on Google's Year in Search results under the pseudonym AlphaRaccoon. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A Google cybersecurity engineer allegedly turned his access to internal search trend data into a $1.2 million payday on…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
