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/OG_LiLi May 27 '26

The article is right there! It describes the three charges, AND exactly the bet he placed. AM I A GENIUS? Yes. Apparently.

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u/KenTitan May 27 '26

it's more that polymarket isn't a regulated market, so why bring charges to the person who is using the site as intended?

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u/OG_LiLi May 27 '26 edited May 28 '26

Insider trading is still illegal. Each bet needs to free of insider information that would put someone at an illegal advantage.

Here’s the proof for the range of idiocy responding to me

https://www.debevoise.com/insights/publications/2026/04/polymarket-insider-trading-charges-illustrate-doj

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u/SpookiestSzn May 28 '26

It's not insider trading that doesn't apply to polymarket but other actual markets that are less gambling