A Google employee allegedly used inside information to win $1.2 million on Polymarket
Posted by TechDigest
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 bef
1 replies
tomspark wrote:
Yeah, this is textbook insider trading but on prediction markets instead of stock exchanges. Guy basically printed money using non-public info — that's not clever, that's a federal crime. Surprised it took this long to catch him.