According to the complaint, a Google engineer risked over $2.7 million on wagers related to Google's 2025 Year in Search campaign.
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naddr1qv…vvprGoogle engineer charged with insider trading after making $1.2M on Polymarket The U.S. Justice Department has charged Google software engineer Michele Spagnuolo with insider trading, alleging they used confidential business information to make over $1.2 million trading on the prediction market Polymarket. Spagnuolo allegedly accessed internal Google Search data about popular searches to inform bets related to Google's 'Year in Search' marketing campaign. Both Google and Polymarket are cooperating with law enforcement in the investigation. - Google software engineer Michele Spagnuolo charged with insider trading. - Allegations of making over $1.2 million in profits by trading on confidential Google information. - Trades were made on the prediction market Polymarket, using the alias 'AlphaRaccoon'. - Spagnuolo allegedly accessed confidential data related to Google's 'Year in Search' campaign and popular searches. - Google has placed the employee on leave and is cooperating with law enforcement. - Polymarket is cooperating with authorities and highlighted the transparency of blockchain trading. Continue reading https://techcrunch.com/2026/05/27/google-engineer-charged-with-insider-trading-after-making-1-2m-on-polymarket/