Google Employee Accused of Insider Betting on Polymarket

Google engineer accused of insider betting using confidential information.

US authorities have accused Google engineer Michele Spagnuolo of using confidential corporate information to place 25 bets on Polymarket, amounting to $2.7 million. According to the Department of Justice and the CFTC, the account AlphaRaccoon earned approximately $1.2 million. The charges include commodities fraud, wire fraud, and money laundering.