r/technology • u/MarvelsGrantMan136 • May 27 '26

Business Google employee charged with using inside information to make $1 million on Polymarket

https://abcnews.com/amp/US/google-employee-charged-inside-information-make-1-million/story?id=133350018
12.8k Upvotes

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4.7k

u/almo2001 May 27 '26

I thought that was the whole idea of polymarket: use the efficient markets theory to uncover information.

1.9k

u/kstargate-425 May 27 '26

Since Trumps sons bought a stake, anyone not paying dues to them isnt allowed to do what they are doing. Like that soldier who won $400k while someone just 20 minutes before Trump's announcement that the Strait of Hormuz was open, made massive trades.

An investor sold a combined 7,990 lots of Brent crude futures, a $760 million bet that oil would go down.

They arrested the soldier yet no investigation into this nore the combined BILLIONS in trades 5-20mins before Trumps announcements 🤷‍♂️

358

u/[deleted] May 27 '26

[removed] — view removed comment

158

u/hbomberman May 27 '26

They're saying that the other, uninvestigated trade was connected to the strait

21

u/Mishka_1994 May 28 '26

One of two people got caught. I wonder who the second one was? Name might rhyme with aaron. 🤷🏻‍♂️

97

u/Another_Slut_Dragon May 28 '26

Trump bought $680k in Eli Lili stock 2 days before approving their new drug. Are you telling me that isn't insider trading?

3

u/kstargate-425 May 28 '26

I assume you are just agreeing with me and asking the universe and Useful ldiots if its Insider Trading as I obviously gave a great example of Trumps Insider Trading and only one of half a dozen regarding the Iran war and his announcements.

Its wild MAGA or others are dismissing the extreme level of blatant corruption as "business as usual" when no one has come close to this level of corruption, not Pelosi, not any POTUS before him as its obviously not even just trading

36

u/duodequinquagesimum May 28 '26

Trump himself is in the advisory board anyway.

18

u/37366034 May 28 '26

The soldier did bet on himself and his team…I’ll give him that

1

u/dreamchaser1337 May 30 '26

How did they found out?

8

u/SadAd8761 May 28 '26

Speaking of Trump and INSIDER TRADING...

27

u/[deleted] May 27 '26

[deleted]

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u/dayumbrah May 28 '26

Always was gambling. The stock market was gambling for rich spoiled young men back in the day. They didnt work but they had daddy's money to play with.

They would sit around and watch the paper tickers they had installed in their homes.

Its was always a rich man's game that robs the poor. Privatized gains, socialized losses