Google engineer charged with using confidential search data to make $1.2M on Polymarket bets
By
Chloe Atkins
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Summary
A Google software engineer, Michele Spagnulo, has been charged with commodities fraud, wire fraud, and money laundering for allegedly using confidential Google search data to place bets on Polymarket, making over $1.2 million. The case is the second significant criminal prosecution tied to trades on the prediction market platform. Spagnulo, an Italian citizen living in Switzerland, is accused of placing bets from October to December based on internal Google search data tracking user searches.
Key quotes
· 3 pulledA Google software engineer was accused Wednesday of using confidential company information to make over $1.2 million on Polymarket
Prosecutors accuse Spagnulo of placing a series of bets from October to December based on internal Google search data that tracked user searches
Michele Spagnulo, 36, an Italian citizen living in Switzerland, is charged with one count each of commodities fraud, wire fraud and money laundering
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