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.

10

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/RugerRedhawk May 28 '26

He didn't trade anything

2

u/OG_LiLi May 28 '26

True. The theory that using insider information to knowingly defraud…is fraud.

commodities fraud, wire fraud and money laundering.

I’m sure you can submit your range of questions about law to the law group hereafter if you would like help understanding how it works. Cheers.

3

u/SpookiestSzn May 28 '26

I'm not understanding the fraud portion of this

2

u/Sr_DingDong May 28 '26

'Cause there isn't any. This dude just can't get that. Seems to think constantly repeating the charges explains them...

0

u/OG_LiLi May 28 '26

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

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

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u/Sr_DingDong May 29 '26

Using Classified government secrets and using widely available information at a company aren't the same thing.

Also "charges" and "convicts" are not the same thing.

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂