Google engineer charged with using inside data to profit $1M on Polymarket bets
By
Aaron Katersky, Katherine Faulders
Hot, fresh, and worth queueing round the block for.
Summary
A Google information security engineer, Michele Spagnuolo, has been charged in a federal criminal complaint for allegedly using inside information to place bets on Polymarket, making over $1 million. Spagnuolo reportedly accessed confidential Google data tracking user searches and used that nonpublic information to place bets on Google-related outcomes on the prediction market platform.
Key quotes
· 2 pulledA Google employee fraudulently made more than $1 million by using inside information to place Polymarket bets on what users were searching for on Google
Spagnuolo 'misappropriated confidential and valuable nonpublic information from his employer and used that information to place a series of Google-related bets on Polymarket'
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