Google Engineer Charged With Using Confidential Data to Profit $1.2M on Polymarket Bets
By
@cointelegraph
The bagel they save for the regulars. Don't skim, savour.
Summary
US authorities have charged Google software engineer Michele Spagnuolo with insider trading-style offenses for allegedly using confidential internal company data to place 25 bets worth $2.7 million on Polymarket. Prosecutors claim Spagnuolo accessed unreleased Google information about the most searched individuals in 2025 and profited $1.2 million through his Polymarket account "AlphaRaccoon" on outcomes the market considered unlikely.
Key quotes
· 3 pulledUS authorities have charged a Google employee with allegedly using information from the company to make bets on Polymarket and profit $1.2 million.
The Justice Department said on Wednesday that it unsealed charges against Google software engineer Michele Spagnuolo
Prosecutors said Spagnuolo owned the Polymarket account 'AlphaRaccoon', which profited $1.2 million on 'outcomes that the market treated as unlikely'
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