Google employee charged with using inside information to make $1M on Polymarket
A Google employee has been charged with fraud for allegedly using insider information to profit over $1 million through bets on Polymarket. Michele Spagnuolo, a software engineer at Google, misappropriated confidential data to place bets on user search trends. He has been charged with commodities fraud, wire fraud, and money laundering following his arrest in New York.
- ▪Michele Spagnuolo made over $1 million by betting on Polymarket using inside information from Google.
- ▪He accessed confidential data to predict user search trends, including betting on the singer D4vd as the most searched person in 2025.
- ▪Spagnuolo has been charged with commodities fraud, wire fraud, and money laundering.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onGoogle employee charged with using inside information to make $1 million on PolymarketMichele Spagnuolo allegedly placed bets on what users were searching for.ByAaron Katersky and Katherine FauldersMay 27, 2026, 3:23 PM4:28In this Dec. 19, 2023, file photo, a sign is posted in front of an office at Google headquarters in Mountain View, Calif.Justin Sullivan/Getty Images, FILEA Google employee fraudulently made more than $1 million by using inside information to place Polymarket bets on what users were searching for on Google, according to a federal criminal complaint unsealed Wednesday in New York.
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