US charges Google employee with insider trading bets on Polymarket
The Justice Department and the CFTC allege that Google software engineer Michele Spagnuolo profited $1.2 million on Polymarket after accessing non-public information at work.
The Justice Department and the CFTC allege that Google software engineer Michele Spagnuolo profited $1.2 million on Polymarket after accessing non-public information at work.
Within the first 10 hours of launch, the Kraken Earn BTC Vault raked in $30 million worth of Bitcoin deposits from 4,000 unique wallets.
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The regulator went back to analyze the 2022 case and decided that it wouldn’t have been pursued under current management and practices.
According to the complaint, a Google engineer risked over $2.7 million on wagers related to Google’s 2025 Year in Search campaign.
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Google is embarrassing itself, again.
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Payment volume on crypto-linked credit and debit cards has been steadily increasing since 2024, reaching about $7.8 billion in cumulative transactions this month.
Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as reported earlier by ABC News. In their now-unsealed complaint, prosecutors allege that Michele Spagnuolo “knew the outcome of these wagers before the trading public did because he had accessed Google’s confidential, … Read more
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Weakening spot demand, miner inflows to exchanges and freshly opened shorts put downside pressure on Bitcoin price.
The charges mark the second major arrest over insider trading on a prediction market.
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The predictions market operator reportedly explored mandatory user verification requirements, breaking from its policies of allowing traders to access its services using pseudonyms.
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