A Google employee allegedly used inside information to win $1.2 million on Polymarket
A Google employee has been charged with fraud for allegedly using insider information to win $1.2 million on Polymarket. Michele Spagnuolo reportedly accessed confidential data to place successful bets on search trends for 2025. He has been released on a $2.25 million bond and faces multiple charges, including commodities fraud and money laundering.
- ▪Michele Spagnuolo allegedly used Google's internal information to place bets on Polymarket.
- ▪He was arrested in New York and released on a $2.25 million bond.
- ▪Spagnuolo's successful wagers included predicting the most searched person on Google for 2025.
Opening excerpt (first ~120 words) tap to expand
TechCloseTechPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All TechBusinessCloseBusinessPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All BusinessPolicyClosePolicyPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All PolicyA Google employee allegedly used inside information to win $1.2 million on Polymarket Prosecutors say that Michele Spagnuolo used Google’s internal info to place bets on the ‘Year in Search 2025’ results.Prosecutors say that Michele Spagnuolo used Google’s internal info to place bets on the ‘Year in Search 2025’ results.by Emma RothCloseEmma RothNews WriterPosts from this author will be added to your daily…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Verge.