tech
Google engineer charged with insider trading after making $1.2M on Polymarket
According to the complaint, a Google engineer risked over $2.7 million on wagers related to Google's 2025 Year in Search campaign.
TL;DR
- Google software engineer Michele Spagnuolo charged with insider trading.
- Allegations of making over $1.2 million in profits by trading on confidential Google information.
- Trades were made on the prediction market Polymarket, using the alias 'AlphaRaccoon'.
- Spagnuolo allegedly accessed confidential data related to Google's 'Year in Search' campaign and popular searches.
- Google has placed the employee on leave and is cooperating with law enforcement.
- Polymarket is cooperating with authorities and highlighted the transparency of blockchain trading.