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Top 6 michele spagnuolo News Today

#1
DOJ charges Google staffer over Polymarket trades netting $1.2 million
#1 out of 648.81%
crime12h ago

DOJ charges Google staffer over Polymarket trades netting $1.2 million

https://www.npr.org/2026/05/27/nx-s1-5836659/google-polymarket-insider-trading-doj-chargeshttps://www.cnbc.com/2026/05/27/google-employee-polymarket-insider-trading.htmlhttps://techcrunch.com/2026/05/27/google-engineer-charged-with-insider-trading-after-making-1-2m-on-polymarket/
Npr.org and 4 more
  • Federal prosecutors say Spagnuolo pocketed about $1.2 million from roughly $2.7 million in bets across 25 outcomes on Polymarket.
  • A Google software engineer faced charges for using internal data to bet on Polymarket, tying the case to insider-trading concerns around tech data.
  • Spagnuolo used confidential Year in Search data to back bets on Polymarket, linking Google's search trends to market bets.
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#2
Google engineer arrested after allegedly making $1,200,000 on prediction markets
#2 out of 6
crime1h ago

Google engineer arrested after allegedly making $1,200,000 on prediction markets

https://www.pcgamer.com/hardware/a-google-engineer-who-allegedly-made-over-usd1-000-000-after-predicting-2025s-most-searched-person-has-now-been-arrested-for-insider-trading/
Pcgamer.com
  • A Google engineer, Michele Spagnuolo, is charged with insider trading tied to Polymarket bets.
  • The alleged profits totaled about $1.2 million from correctly predicting the year’s most-searched person.
  • The case accuses Spagnuolo of accessing Google’s confidential data to inform trading decisions.
  • Spagnuolo worked at Google Zurich and his internal page has been taken down amid the investigation.
  • U.S. Attorney Jay Clayton commented on insider trading, emphasizing the breach of fiduciary duties.
  • The charges include commodities fraud, wire fraud, and money laundering with potential prison terms.
  • The case has drawn attention to the risks of insider information in prediction markets linked to tech firms.
  • The article notes that the case is ongoing and describes the charges as not implying guilt yet.
  • The article places the event within broader coverage of PC Gamer’s hardware and tech news.
  • Authorities describe the case as an example of how confidential data can be misused for financial gain.
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#3
A Google engineer made $1.2 million via insider trading on Polymarket under the name 'AlphaRaccoon': DOJ
#3 out of 60.00%
crime2h ago

A Google engineer made $1.2 million via insider trading on Polymarket under the name 'AlphaRaccoon': DOJ

https://www.businessinsider.com/google-engineer-polymarket-insider-trading-doj-2026-5
Businessinsider.com
  • DOJ says a Google engineer profited more than $1.2 million on Polymarket using confidential company information.
  • The defendant allegedly traded on markets related to Google's internal developments from late 2023 to early 2024.
  • Spagnuolo, a 36-year-old Italian citizen living in Switzerland, allegedly used the username 'AlphaRaccoon' on Polymarket.
  • Charges include violations of the Commodity Exchange Act, wire fraud, and money laundering with a potential 50-year sentence.
  • The DOJ says Spagnuolo had access to confidential Google trends and could have exploited them for profit.
  • Regulators have scrutinized prediction markets like Polymarket and Kalshi for potential insider trading.
  • Some states are moving to ban prediction markets, with Minnesota first to announce a blanket ban.
  • Polymarket and Kalshi say they have guardrails to block insider trading, including blocking certain markets and participants.
  • The charges carry a broad set of potential penalties beyond prison time.
  • The case underscores ongoing regulatory questions about the use of prediction markets.
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#4
Google Security Engineer Arrested in Million-Dollar Polymarket Trading Scheme
#4 out of 6
crime15h ago

Google Security Engineer Arrested in Million-Dollar Polymarket Trading Scheme

https://www.wired.com/story/google-employee-accused-of-polymarket-one-million/
Wired.com
  • A Google security engineer, Michele Spagnuolo, was arrested in New York and charged with commodities fraud, wire fraud, and money laundering.
  • The investigation covers trades from October 2025 to December 2025 using Google data to predict outcomes on Polymarket.
  • Prosecutors say he netted about $1.2 million by correctly predicting Google’s most-searched person of the year 2025.
  • Google confirmed the employee is on leave and said it will take appropriate action.
  • Polymarket said the company is cooperating with law enforcement in the investigation.
  • The case adds to ongoing scrutiny of insider trading on prediction markets and regulatory actions.
  • Regulators, including the CFTC, are using AI tools to detect market manipulation and insider trading on prediction markets.
  • Spagnuolo used an account named AlphaRaccoon suspected by market watchers to belong to a Google insider.
  • OpenAI previously fired an employee for insider trading on a prediction platform, per the WIRED coverage.
  • House and lawmakers have investigated insider trading on prediction markets like Polymarket.
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#5
Google employee charged with insider trading over Polymarket bets
#5 out of 6
crime10h ago

Google employee charged with insider trading over Polymarket bets

https://www.aljazeera.com/news/2026/5/28/google-employee-charged-with-insider-trading-over-polymarket-bets
Aljazeera.com
  • A Google software engineer, Michele Spagnuolo, was charged in New York with commodities fraud, wire fraud and money laundering for insider trading tied to Polymarket bets.
  • The total bets linked to the case amount to about $2.75 million, with the Year in Search results reportedly being used.
  • Spagnuolo allegedly used the account named “AlphaRaccoon” to place trades on various markets tied to Google’s 2025 Year in Search.
  • US Attorney Jay Clayton framed insider trading as a serious breach of market integrity.
  • Google confirmed it is cooperating with law enforcement and called the misconduct a serious breach of policy.
  • Polymarket stated it cooperates with regulators and maintains fair, transparent markets.
  • A separate case shows a US soldier was charged last month over Maduro-related Polymarket bets.
  • The defendant, Michele Spagnuolo, is 36 and resides in Switzerland.
  • Spagnuolo is an Italian citizen accused of using confidential information from Google.
  • The case underscores regulatory scrutiny of prediction markets and insider trading.
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#6
A Google employee allegedly used inside information to win $1.2 million on Polymarket
#6 out of 6
crime8h ago

A Google employee allegedly used inside information to win $1.2 million on Polymarket

https://www.theverge.com/tech/938635/google-polymarket-insider-trading-prediction-market-bets
Theverge.com
  • Federal prosecutors charged Michele Spagnuolo with commodities and wire fraud over Polymarket bets tied to Google’s Year in Search 2025.
  • Prosecutors say the employee used Google’s confidential internal data to know wager outcomes before the trading public.
  • Spagnuolo allegedly placed bets under the username AlphaRacoon on Polymarket.
  • The case follows broader debates over how regulators should treat prediction markets like Polymarket and Kalshi.
  • Google says the employee used internal tools but breached policies by using confidential information for bets.
  • Spagnuolo was arrested in New York and released on a $2.25 million bond.
  • The allegations involve betting on ‘Year in Search 2025’ results and other Google trend wagers.
  • Polymarket says its infrastructure flagged the activity and it is cooperating with investigators.
  • The case adds to ongoing regulatory scrutiny of prediction markets in the U.S.
  • Google confirmed the employee is on leave pending action as investigators follow the case.
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