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Google employee charged with fraud for $1.2M insider trading on Polymarket bets

Market News
27 May 2026
CNBC
View Source
Bearish
pluang ai news

Federal prosecutors charged Michele Spagnuolo, a Google information security engineer, with money laundering, commodities fraud, and wire fraud for making $1.2 million using insider information on Polymarket bets. Spagnuolo allegedly used confidential Google data to correctly bet that singer d4vd would be the most searched person in 2025. He was arrested, released on bond, and placed on leave by Google. This case highlights risks of insider trading in prediction markets and follows a similar recent case involving a U.S. Army sergeant.

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