Google employee charged with using inside information to make $1M on Polymarket

13 hours ago

Google's information security engineer Michele Spagnuolo used insider data on user searches to place profitable bets on Polymarket.
He made over $1.2 million from bets like predicting D4vd as 2025's most-searched person, which had a near-zero probability at the time.
Spagnuolo faces charges including commodities fraud, wire fraud, and money laundering for misusing confidential information and concealing proceeds.
He was arrested in New York, released on a $2.25 million bond, and placed on leave by Google, which called it a serious policy breach.
This is the second recent Polymarket case in New York, following one involving a U.S. soldier accused of fraudulent bets on a Venezuela raid.

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