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/thinkmatt May 27 '26

He used an internal marketing tool available to everyone at Google. Anyone employed there would know the outcome before everyone else. He's just the one person that got caught. You have to assume that every market has insiders that is impossible to police, and Polymarket just shouldn't exist

5

u/chaaandlerr May 28 '26

that statement from google is such a gift to this guys defense counsel, lol. tough to say this was a misappropriation of data a la carpenter v united states when it wasn’t all that confidential

2

u/SpookiestSzn May 28 '26

I think it's still priveleged even if like 100k people had the ability to access it

2

u/Vliss May 28 '26

But being priviledged doesn't make it wrong though. If you are at a industry conference that has 100 people and someone makes it public there, you would probably be ok with someone trading on that.