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28.05.26 - 19:09
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US Charges Google Employee With Pocketing Millions From Insider Trading Bets On Polymarket (ZeroHedge)
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US Charges Google Employee With Pocketing Millions From Insider Trading Bets On Polymarket
Authored by Stephen Katte via CoinTelegraph.com,
US authorities have charged a Google employee with allegedly using information from the company to make bets on Polymarket and profit $1.2 million.
The Justice Department said on Wednesday that it unsealed charges against Google software engineer Michele Spagnuolo, accusing him of accessing unreleased internal information at Google and placing 25 bets worth $2.7 million on markets related to the most searched individuals on Google in 2025.
Prosecutors said Spagnuolo owned the Polymarket account “AlphaRaccoon”, which profited $1.2 million on “outcomes that the market treated as unlikely” when Google published information on the most searched individuals in December.
The Commodity Futures Trading Commission filed a twin complaint against Spagnuolo on Wednesday, making similar allegations of insider trading.
Prediction markets are facing growing ...
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28.05.26 - 05:15
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Google employee charged with insider trading on Polymarket (The Hill)
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Federal prosecutors on Wednesday charged a Google employee with insider trading on Polymarket. In a seven-page complaint filed in federal court in the Southern District of New York (SNDY), the Department of Justice (DOJ) alleged that 36-year-old Michele Spagnuolo, a software engineer at Google, exploited his access to confidential, nonpublic data on Google's “Year in......
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