A Google employee allegedly used inside information to win $1.2 million on Polymarket

"Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as reported earlier by ABC News. In their now-unsealed complaint, prosecutors allege that Michele Spagnuolo "knew the outcome of these wagers before the trading public did because he had accessed Google's confidential, commercially valuable internal data." Spagnuolo was arrested in New York on Wednesday but released on a $2.25 million bond, AB"

Original Source

This report is based on coverage originally published by The Verge.

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