Google worker charged for using internal data to make $1.2m on Polymarket
Summary
A Google engineer named Michele Spagnuolo was arrested for using secret company information to place bets on Polymarket, a digital prediction platform. He allegedly earned $1.2 million by betting on outcomes related to Google’s internal data, breaking insider trading laws.Key Facts
- Michele Spagnuolo worked as an information security engineer at Google for over 12 years.
- He used confidential marketing data accessed through Google’s employee tools to make bets on Polymarket.
- Polymarket is a platform that accepts cryptocurrency and allows users to bet on future events.
- Spagnuolo placed $2.7 million in bets between October and December 2023, winning over $1 million.
- His bets included predicting who would be the most searched person on Google in 2025.
- He made bets against certain names like Bianca Censori and President Donald Trump, betting on musician D4vd to be the most searched person.
- Authorities tracked Spagnuolo’s Polymarket accounts through his Italian ID and arrested him in New York.
- Google is cooperating with law enforcement and has placed Spagnuolo on leave during the investigation.
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