Google engineer charged with insider trading on Polymarket for $1.2M
A Google engineer, Michele Spagnuolo, has been charged with insider trading after allegedly using internal data to profit $1.2 million on the prediction market Polymarket. This case marks one of the first federal prosecutions targeting decentralized prediction markets. Spagnuolo faces multiple charges, including commodities fraud and money laundering, and was released on a $2.25 million bond.
- ▪Michele Spagnuolo was arrested after a federal complaint was unsealed in the Southern District of New York.
- ▪He allegedly made 16 large wagers on Polymarket using non-public data related to Google's 'Year in Search 2025' report.
- ▪His predictions reportedly paid off, resulting in $1.2 million in profits after the public release of Google's search results.
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Google engineer charged with insider trading on Polymarket for $1.2M Michele Spagnuolo allegedly used internal Google search data to place bets on Polymarket, marking one of the first federal insider trading cases on a prediction market platform. 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 software engineer was arrested after federal prosecutors accused him of using…
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