US charges Google engineer over alleged $1.2 million Polymarket profit (opens in new tab)

Federal prosecutors in New York unsealed a criminal complaint May 27 charging Michele Spagnuolo, a 36-year-old Google software engineer, with commodities fraud, wire fraud and money laundering over Polymarket trades that prosecutors said generated about $1.2 million in profit. Prosecutors said Spagnuolo used confidential, nonpublic Google search data tied to the company's 2025 Year in Search campaign to place wagers before the information became public. The complaint says Spagnuolo used the P...