Google engineer charged with insider trading after making $1.2M on Polymarket
Michele Spagnuolo, a Google engineer, has been charged with insider trading after allegedly making $1.2 million on Polymarket using confidential information. The U.S. Justice Department claims he accessed internal data to inform his bets on Google's marketing campaign. Google has placed Spagnuolo on leave and is cooperating with law enforcement in the investigation.
- ▪Michele Spagnuolo allegedly made $1.2 million trading on Polymarket based on confidential Google information.
- ▪He risked over $2.7 million on wagers related to Google's 2025 Year in Search marketing campaign.
- ▪Google stated that using confidential information for betting is a serious breach of their policies.
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The U.S. Justice Department charged Google software engineer Michele Spagnuolo with insider trading, alleging the employee made $1.2 million trading on Polymarket based on confidential business information. Spagnuolo, who used the name “AlphaRaccoon” on Polymarket, has worked at Google for over 12 years, according to information on LinkedIn. “As alleged, Spagnuolo violated the duties he owed to his employer and used Google’s confidential business information to make more than $1.2 million in trading profits on Polymarket,” Jay Clayton, the United States Attorney for the Southern District of New York, said in a press release.
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