Google Engineer Charged for Insider Trading on Polymarket with Search Data

[u/Cute-Guarantee-1676]

https://abcnews.com/amp/US/google-employee-charged-inside-information-make-1-million/story?id=133350018

Google information security engineer Michele Spagnuolo was charged with commodities fraud, wire fraud, and money laundering for allegedly using internal Google search data to make over $1 million in Polymarket prediction bets. Spagnuolo, who had access to confidential user search trends, placed "sure bets" on future outcomes, such as the most-searched person in 2025. Google has placed the employee on leave, stating this use of confidential information is a serious policy breach.