Polymarket trader accused of making $1.2M using Google insider data
The post Polymarket trader accused of making $1.2M using Google insider data appeared on BitcoinEthereumNews.com. U.S. authorities have charged a Google software engineer with insider trading tied to prediction markets, as federal regulators continue tightening scrutiny around Polymarket and other event-based trading platforms. Summary U.S. prosecutors and the CFTC have charged a Google engineer over alleged insider trading tied to Polymarket bets. Authorities said the trader used unreleased Google search trend data to place $2.7 million in prediction market wagers. According to the U.S. Department of Justice, Google employee Michele Spagnuolo allegedly used confidential company information to place trades on Polymarket before Google publicly released its 2025 search trend rankings. “A Google employee allegedly used confidential information to make more than $1.2 million through insider trading on a prediction market,” said U.S. Attorney Jay Clayton. “Corporate insiders who misuse conf