Google Engineer Charged with Insider Trading on Polymarket

Google Engineer Charged with Insider Trading on Polymarket

A Google security engineer was arrested in New York for allegedly using confidential company data to profit over $1 million by placing bets on Polymarket, a prediction market platform. According to ABC News, he was charged with commodities fraud and money laundering related to these activities. The arrest followed an investigation by federal prosecutors and the FBI.

The engineer was placed on leave by Google amid the legal proceedings. This case highlights the scrutiny of insider trading in emerging digital markets.

Actors

Michele Spagnuolo Google Polymarket Federal prosecutors FBI U.S. Attorney’s Office

Locations

New York

Articles

May 28, 2026
3 total
Google Engineer Charged with Insider Trading on Polymarket
Google Engineer Charged with Insider Trading on Polymarket

Business Insider • 28 May 06:53

A Google engineer has been charged with using confidential information to generate over $1 million in illegal profits through the prediction market Polymarket.

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Google Engineer Charged with Insider Trading on Prediction Market
Google Engineer Charged with Insider Trading on Prediction Market

NBC News • 28 May 02:43

Michele Spagnulo, a Google software engineer, faces charges for allegedly using confidential company data to earn over $1.2 million on Polymarket, marking a significant criminal case tied to insider trading.

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Google Engineer Faces Charges for Insider Trading Involving Confidential Information
Google Engineer Faces Charges for Insider Trading Involving Confidential Information

TechCrunch • 28 May 00:45

A Google software engineer has been charged with insider trading after allegedly making $1.2 million using confidential information to place bets on Polymarket, a prediction market platform.

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May 27, 2026
4 total
Google Engineer Charged with Insider Trading on Prediction Market
Google Engineer Charged with Insider Trading on Prediction Market

NPR • 27 May 23:35

A Google software engineer faces multiple charges, including commodities fraud and money laundering, for allegedly using confidential information to gain $1.2 million through trades on Polymarket.

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Google Employee Charged with Insider Trading Using Confidential Information
Google Employee Charged with Insider Trading Using Confidential Information

CNBC • 27 May 23:32

A Google employee, Michele Spagnuolo, has been charged with fraud for allegedly profiting $1.2 million through insider trading on Polymarket, using confidential data about Google's most searched person.

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Google Engineer Arrested for Allegedly Using Insider Information in Trading
Google Engineer Arrested for Allegedly Using Insider Information in Trading

WIRED • 27 May 22:22

A Google security engineer was arrested for allegedly leveraging confidential data to profit over $1 million in trading on Polymarket, a prediction market platform.

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Google Employee Faces Charges for Insider Trading on Polymarket
Google Employee Faces Charges for Insider Trading on Polymarket

ABC News - Breaking News, Latest News and Videos • 27 May 20:57

A Google engineer has been accused of making over $1 million by using confidential company data to place betting wagers on Polymarket, leading to charges of commodities fraud and money laundering.

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