Federal prosecutors have charged Michele Spagnuolo, a Google employee, with fraud after he allegedly earned $1.2 million through bets on Polymarket related to search trends in 2025. According to a complaint filed by prosecutors, Spagnuolo accessed confidential internal data from Google, which allowed him to know the outcomes of his wagers before they were publicly available. He was arrested in New York on Wednesday and released on a $2.25 million bond. The charges against him include commodities fraud, wire fraud, and money laundering.
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Google Employee Charged with Fraud for Allegedly Using Insider Information
Michele Spagnuolo, a Google employee, has been charged with fraud for allegedly using insider information to win $1.2 million on Polymarket. He is accused of accessing confidential data from Google to inform his bets on search-related trends.
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A Google employee allegedly used inside information to win $1.2 million on Polymarket
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Google Employee Charged with Fraud for Allegedly Using Insider Information