Polymarket trader accused of making $1.2M using Google insider data

Polymarket's decision to avoid KYC on its main platform may influence regulatory scrutiny and impact its competitive positioning. The post Polymarket clarifies KYC applies only to new beta product, not existing platform appeared first on Crypto Briefing.

A Google information security engineer has been arrested and charged with commodities fraud, wire fraud, and money laundering after allegedly using confidential internal company data to place a series of bets on Polymarket — the crypto-based prediction market platform — winning approximately $1.2 million by knowing the outcomes of his wagers before the trading public […]

Polymarket has clarified that it is not introducing mandatory Know Your Customer checks across its main prediction market platform despite renewed scrutiny over compliance and restricted-jurisdiction access. In a post on X, Polymarket vice president of engineering Josh Stevens said…

Polymarket executive Josh Stevens said identity checks apply only to early beta access and are not being added to Polymarket’s existing platform.

Polymarket increases KYC checks during beta testing as regulators raise concerns over sanctions, insider trading, and restricted market access. Polymarket is increasing identity verification efforts as regulatory pressure continues growing worldwide. The prediction market platform aims to minimise sanctions risks and potential legal issues. Furthermore, there is a close monitoring of online prediction markets and […] The post Polymarket Pushes Mandatory KYC Amid Regulatory Pressure and Sanctions Risks appeared first on Live Bitcoin News.

Nvidia, Google, and a growing list of startups are using AI to make weather reports more accurate—and show the world how powerful the technology is.

The case highlights increasing regulatory scrutiny on prediction markets, potentially leading to stricter compliance measures and enforcement. The post Google engineer charged with insider trading on Polymarket for $1.2M in profits appeared first on Crypto Briefing.

It is one thing to say AI will change the world. It is another to expect the class of 2026 to applaud it. In fact, when former Google CEO Eric Schmidt told University of Arizona graduates that their task is to help shape AI, he was met with a resounding chorus of boos. “I can…