Google Engineer's Insider Fraud

A Google software engineer has been charged with fraud for allegedly using confidential internal data to make over $1.2 million on the prediction market platform Polymarket.

Prosecutors claim Michele Spagnuolo bet on trending search results that he knew the outcome of before the public.

The criminal complaint alleges Spagnuolo pocketed the profits by correctly predicting the 'most searched' terms of 2025.

The case highlights growing concerns over insider trading and manipulation within decentralized prediction markets.