Google Engineer Accused of Turning Confidential Info Into $1.2M on Polymarket

A Google software engineer is charged with using confidential Google information to earn about $1.2 million in profits on the Polymarket prediction market, after placing roughly $2.75 million in bets on markets tied to Google's internal info. He faces charges under the Commodity Exchange Act, wire fraud, and money laundering, with a potential sentence up to 50 years. The case reflects increasing scrutiny of prediction markets and insider-trading concerns, as lawmakers push for tighter controls and platforms tout guardrails.