Google engineer charged over $1.2 million Polymarket trades (opens in new tab)

U.S. prosecutors charged Google software engineer Michele Spagnuolo with commodities fraud, wire fraud and money laundering, alleging he used confidential Google search-trend data to make more than $1.2 million on Polymarket wagers tied to Google’s 2025 Year in Search results. The complaint, unsealed in the Southern District of New York, identified Spagnuolo as a 36-year-old Italian citizen living in Switzerland who used the Polymarket username “AlphaRaccoon”. Prosecutors said Spagnuolo acces...