Google engineer charged with insider trading for $1.2M Polymarket profit using confidential company data
By
Amanda Silberling
A respectable bake. You'd come back tomorrow for another.
Summary
The U.S. Justice Department has charged Google software engineer Michele Spagnuolo (known as "AlphaRaccoon" on Polymarket) with insider trading, alleging he made $1.2 million by trading on Polymarket using confidential Google business information. The complaint states he risked over $2.7 million on wagers related to Google's 2025 Year in Search campaign. Spagnuolo, a 12-year Google veteran, allegedly violated his duties to his employer by using confidential data for personal trading profits.
Key quotes
· 1 pulledAs alleged, Spagnuolo violated the duties he owed to his employer and used Google's confidential business information to make more than $1.2 million in trading profits on Polymarket
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