DOJ Charges Google Employee With $1.2 Million Polymarket Bet On Search Term (opens in new tab)

An anonymous reader quotes a report from CNBC: Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a staff information security engineer at Google, used confidential information to place trades correctly betting that singer d4vd would be Google's most searched person in 2025. Spagnuolo has been charged with money laundering, commodities fraud and...