Google engineer charged with using inside information to win $1.2M on Polymarket
A Google engineer has been charged with insider trading after allegedly using confidential data to win $1.2 million on a blockchain prediction market. This case marks a significant legal precedent as it is the first federal insider trading charge involving a decentralized prediction market. The engineer, Michele Spagnuolo, accessed non-public search trend data to place bets on Google's Year in Search results.
- ▪Michele Spagnuolo, a Google security engineer, has been charged with commodities fraud, wire fraud, and money laundering.
- ▪He allegedly used confidential internal data to win approximately $1.2 million on Polymarket by betting on the top-searched person in Google's Year in Search 2025.
- ▪This case is notable as it is the first time federal prosecutors have brought insider trading charges involving a decentralized prediction market.
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Google engineer charged with using inside information to win $1.2M on Polymarket A security engineer allegedly used confidential search trend data to bet on Google's Year in Search results, marking a first-of-its-kind federal insider trading case on a blockchain prediction market. 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 information security engineer has been charged…
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