DOJ Charges Google Engineer Over $1.2M Polymarket Insider Trading Scheme

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The post Why Google Wants to Release 32 Million Mosquitoes in Florida appeared on BitcoinEthereumNews.com. Google’s Debug initiative has asked the US Environmental Protection Agency to approve the release of up to 32 million Wolbachia-treated male mosquitoes in Florida over two years. The proposal sits under EPA docket EPA-HQ-OPP-2025-3951. The public comment period closes on June 5, after which the agency will decide whether to approve, deny, or place conditions on the test. The application is part of a wider experimental-use request from Google LLC. It also includes a similar release plan for California. BREAKING: Google is planning to release 32 million mosquitoes across Florida and California. The company has asked the EPA for permission to proceed, with the public given until June 5 to respond. The mosquitoes are infected with Wolbachia bacteria, which stops them from… pic.twitter.com/jCf5f3KeOG — Bull Theory (@BullTheoryio) May 30, 2026 In Florida, Google proposes releasing up to

The post DOJ charges Google engineer in Polymarket insider trading case appeared on BitcoinEthereumNews.com. The DOJ charges Google engineer Michele Spagnuolo in a case that puts prediction markets at the center of a corporate-information scandal. Federal prosecutors say the Google software engineer, known as “AlphaRaccoon” on Polymarket, used confidential company data to place bets and turned that access into more than $1.2 million in alleged profits. At the heart of the case is a simple but explosive claim: prosecutors allege nonpublic Google information was used not to trade stocks, but to wager on event-driven markets. As a result, the case has an unusual edge, tying alleged misuse of insider-style information to the fast-growing world of prediction markets. The U.S. Department of Justice has charged Spagnuolo with commodities fraud, wire fraud, and money laundering. According to the DOJ, the allegations cover a period from October to December 2025, during which he wagered approxim

The post Youtuber Warns Bitcoin Bottom Is Not In as Stablecoin Dominance Hits Risk-off Level – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Tether burned $1.2 billion in 24 hours on May 31, matching a pattern that preceded Bitcoin’s drop from $90,000 to $60,000 in February 2026. Blackrock removed $2.1 billion in bitcoin over ten days while firms like Strive acquired 1,100 BTC in a single session, reflecting a split in institutional conviction. Polymarket priced an 85% chance Bitcoin reaches $70,000 before $90,000, with TradingView moving averages confirming a strong sell posture at current levels. 1-Hour Chart: Compression at Resistance On the 1-hour chart, bitcoin has built a series of higher lows since testing $73,100, which is a structure that hints at short-term buying interest. However, price has repeatedly been rejected near $74,100 to $74,200, and the repeated ceiling tests have compressed price into an increasingly tight range. The intraday support zone sits

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The post Roman Storm Accuses the DOJ of Weaponizing Debanking to Sabotage His Legal Defense appeared on BitcoinEthereumNews.com. Key Takeaways Roman Storm accused the DOJ of using debanking during his trial, highlighting crypto’s market utility. After GoFundMe blocked him, Storm used crypto to sustain his defense after being debanked. Facing a 2nd trial for money laundering, Roman Storm will next rely on crypto donations to survive. Tornado Cash Roman Storm: ‘I’ve been debanked. Multiple times’ Roman Storm, the developer of the Ethereum mixing protocol Tornado Cash, convicted of conspiracy to operate an unlicensed money transmitting business, has accused the Department of Justice (DOJ) of weaponizing debanking in its prosecutorial processes. On social media, Storm rebuked statements by Jackie Reses, co-founder and CEO of Lead Bank, who referred to debanking as an “absolute crock of shit.” “There’s 5,000 banks in the United States. We have a lot of red states. Are you telling me that in

The post Polymarket Insider Case: Why Abuse Rules Matter appeared on BitcoinEthereumNews.com. Event markets have jumped from niche to mainstream, pricing elections, macro prints, and real-world outcomes in real time. But with sharper liquidity comes sharper concerns: who knows what, and when? The latest Polymarket insider-trading flap has pushed prediction venues into the policy spotlight. This article unpacks what qualifies as insider trading in event markets, what changed in 2026, and the rulebook these platforms will likely need. You’ll also find practical checklists for operators and traders, a comparison of market-abuse frameworks, and clear next steps to reduce risk without killing liquidity. Quick Answer Editor’s note: In Q1–Q2 2026 I watched prediction markets mature fast: liquidity deepened around U.S. macro prints and elections, and spreads tightened as new makers arrived. At the same time, desks started asking me about surveillance—especially after Congressional letters hit

The post Google Engineer Makes $1.2M on Polymarket Using Confidential Search Data appeared on BitcoinEthereumNews.com. Key Takeaways Authorities accused a Google employee of using internal data to trade Polymarket contracts. The case could shape how regulators police prediction markets tied to company information. Possible penalties include criminal charges, civil fines, trading bans, and prison time. Google Search Data Case Tests Polymarket’s Market-Integrity Rules Google software engineer Michele Spagnuolo was charged with commodities fraud, wire fraud, and money laundering after authorities accused him of using confidential Google data to profit from Polymarket contracts. Prosecutors said he made more than $1.2 million through a Polymarket account known as “AlphaRaccoon,” according to the U.S. Department of Justice (DOJ). The case focuses on Google’s 2025 Year in Search results. Prosecutors said Spagnuolo accessed internal search rankings labeled “Google Confidential” and used that