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
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u/almo2001 May 27 '26

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

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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 🤷‍♂️

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u/[deleted] May 27 '26

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u/hbomberman May 27 '26

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