Google employee charged with insider trading on Polymarket
Summary
Federal prosecutors charged Michele Spagnuolo, a Google software engineer, with insider trading related to Polymarket, a prediction market platform. The Department of Justice said Spagnuolo used confidential, nonpublic information from Google to make trades on Polymarket.Key Facts
- Michele Spagnuolo is a 36-year-old software engineer at Google.
- He was charged by federal prosecutors with insider trading.
- The case was filed in the Southern District of New York federal court.
- The Department of Justice alleges Spagnuolo used secret Google data not available to the public.
- The trading involved Polymarket, a platform where users bet on future events.
- The complaint document is seven pages long.
- The insider trading charge is linked to Spagnuolo exploiting his job access to information.
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