Google security engineer charged with insider trading on Polymarket using internal search data
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Summary
A Google security engineer has been charged with insider trading on the prediction market Polymarket. The engineer allegedly used internal Google search data to bet on which individuals would be most-searched, transferring 3.8 million USDC to the platform and profiting over $1.2 million. This marks the second major case involving insider trading on prediction markets, with federal authorities bringing charges.
Key quotes
· 3 pulledA Google security engineer has been charged with insider trading on Polymarket, allegedly using internal search data to bet on most-searched individuals.
The arrest marks the second major case involving prediction market insider trading.
He allegedly transferred 3.8 million USDC to Polymarket and profited over 1.2 million USD.
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