Google engineer insider-traded search results on Polymarket, Feds allege
A Google engineer, Michele Spagnuolo, has been arrested for allegedly engaging in insider trading on Polymarket. He reportedly used confidential information from Google to place bets on the most-searched individuals for 2025, profiting over $1.2 million. This incident marks the second major arrest related to insider trading on the prediction market.
- ▪Michele Spagnuolo was charged with commodities fraud, wire fraud, and money laundering.
- ▪He allegedly used an internal Google tool to track trending searches before placing bets on Polymarket.
- ▪Spagnuolo profited approximately $1,200,000 from his trades based on nonpublic information.
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailGoogle engineer insider-traded search results on Polymarket, Feds allegeThe charges mark the second major arrest over insider trading on a prediction market. By Nikhilesh De May 27, 2026, 9:57 p.m. 2 min readMake preferred on A Polymarket contract that Michele Spagnuolo allegedly traded on. (Nikhilesh De/CoinDesk)A Google security engineer, Michele Spagnuolo, was arrested and charged over alleged insider trading by placing bets on Polymarket about what Google users were searching, U.S. officials alleged on Wednesday.According to a complaint unsealed by the U.S.
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