Google engineer charged with insider trading on Polymarket using confidential search data
By
Bobby Allyn
If you only eat one bagel today, this is the bagel.
Summary
A Google software engineer, Michele Spagnuolo (36), has been charged with commodities fraud, wire fraud, and money laundering for allegedly using confidential internal Google data on user search trends to place bets on Polymarket, netting $1.2 million. This marks the second federal criminal case involving insider trading on a prediction market platform. Spagnuolo, an Italian citizen living in Switzerland, was arrested on Wednesday.
Key quotes
· 3 pulledA Google software engineer has been charged with using confidential company information to make $1.2 million on Polymarket
Michele Spagnuolo, 36, an Italian citizen who lives in Switzerland, was arrested on Wednesday and charged with commodities fraud, wire fraud, money laundering and other counts
"Unlike the cou
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