Google engineer charged with using inside information to win $1.2M on Polymarket

This case highlights the legal risks of using insider information in decentralized markets, emphasizing the need for regulatory oversight. The post Google engineer charged with using inside information to win $1.2M on Polymarket appeared first on Crypto Briefing.

Google is embarrassing itself, again.

The bill requires companies like OpenAI, Anthropic, and Google to have third parties confirm they’re following safety standards. Illinois Governor JB Pritzker says he’ll sign.

The post Google employee polymarket insider trading appeared on BitcoinEthereumNews.com. Signage at the Situation Room by Polymarket pop-up bar in Washington, DC, US, on Friday, March 20, 2026. Graeme Sloan | Bloomberg | Getty Images Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a staff information security engineer at Google, used confidential information to place trades correctly betting that singer d4vd would be Google’s most searched person in 2025. Spagnuolo has been charged with money laundering, commodities fraud and wire fraud. The complaint, filed in the Southern District of New York, was unsealed on Wednesday. ABC News first reported on the complaint. Spagnuolo was arrested Wednesday morning in New York, ABC reported. “Spagnuolo had access to Google’s internal data systems, including a particular Google internal software to

The post Google Engineer Indicted For $1.2M Insider Trading On Polymarket, US Prosecutors Allege appeared on BitcoinEthereumNews.com. Google Engineer Indicted For $1.2M Insider Trading On Polymarket, US Prosecutors Allege Skip to content Home Crypto News Google Engineer Indicted for $1.2M Insider Trading on Polymarket, US Prosecutors Allege Source: https://bitcoinworld.co.in/google-engineer-polymarket-insider-trading-indictment/

The case highlights the urgent need for robust regulatory frameworks in prediction markets, paralleling traditional finance's legal standards. The post Google engineer charged with insider trading on Polymarket for $1.2M appeared first on Crypto Briefing.

The predictions market operator reportedly explored mandatory user verification requirements, breaking from its policies of allowing traders to access its services using pseudonyms.

This case could lead to stricter regulations on prediction markets, impacting their operation and increasing oversight to prevent insider trading. The post Google engineer charged with insider trading on Polymarket after alleged $1.2M profit appeared first on Crypto Briefing.