Google engineer charged with using inside information to win $1.2M on Polymarket
A Google engineer has been charged with using confidential company data to win $1.2 million on the prediction market Polymarket. Michele Spagnuolo allegedly accessed non-public information to place winning bets, raising concerns about insider trading in decentralized markets. This case could set a precedent for how regulators approach prediction markets and insider trading laws.
- ▪Michele Spagnuolo was charged with commodities fraud, wire fraud, and money laundering.
- ▪He allegedly placed at least 16 bets on Polymarket using confidential Google search data.
- ▪The case marks one of the first federal prosecutions applying insider trading principles to a crypto platform.
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Google engineer charged with using inside information to win $1.2M on Polymarket Federal prosecutors say Michele Spagnuolo used confidential Google Search data to place winning bets on the prediction market, marking one of the first insider trading cases targeting a crypto platform. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A Google software engineer allegedly turned his…
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