Google Engineer Charged Over Insider Trading Linked to Polymarket Bets

1 min read
Source: CNBC
Google Engineer Charged Over Insider Trading Linked to Polymarket Bets
Photo: CNBC
TL;DR Summary

Federal prosecutors charged Google staff information security engineer Michele Spagnuolo with money laundering, commodities fraud and wire fraud for allegedly using confidential internal data to place about $1.2 million in Polymarket bets tied to Google's Year in Search 2025; he was arrested in New York, released on a $2.25 million bond, and placed on leave as Google, Polymarket, and regulators investigate.

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