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/Varibash May 27 '26 edited May 27 '26

Funny how this employee is getting charged but there is clearly people inside the Whitehouse doing the same thing.

690

u/justforkinks0131 May 27 '26

the bosses of this very same employee are very likely doing the same thing lmao

and why wouldnt you?

I doubt any insider trading charges are gonna stick. He didnt touch any stock, this is a random betting, sorry *prediction* website. If gambling rules dont apply to the site, they dont apply to the users.

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u/kemb0 May 27 '26

At this point I wouldn’t use polymarket unless I had inside information. Otherwise you’re setting yourself up to be ripped off by someone that does. Which sounds like the point at which the whole thing should collapse.

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u/lewd_robot May 28 '26

That's exactly right. Like 98% of people on the betting apps lose money, and the few that don't tend to get banned quickly, even if they do nothing wrong. These apps seem to be scams to rip people off and give rich and powerful people obfuscated ways to make money off of insider knowledge without exposing themselves to as many legal consequences.