Google Engineer Accused in $1.2M Polymarket Case

Federal prosecutors in New York have charged a Google engineer with fraud-related offenses after alleging he used confidential company information to place profitable bets on the prediction platform Polymarket. Authorities said Michele Spagnuolo, a 36-year-old Google information security engineer, earned roughly $1.2 million through wagers tied to Google’s Year in Search data before those results became public. Prosecutors unsealed the criminal complaint Wednesday in the Southern District of New York, accusing him of commodities fraud, wire fraud, and money laundering. […] The post Google Engineer Accused in $1.2M Polymarket Case appeared first on World Casino News.

May 29, 2026 - 07:30
Google Engineer Accused in $1.2M Polymarket Case

Federal prosecutors in New York have charged a Google engineer with fraud-related offenses after alleging he used confidential company information to place profitable bets on the prediction platform Polymarket. Authorities said Michele Spagnuolo, a 36-year-old Google information security engineer, earned roughly $1.2 million through wagers tied to Google’s Year in Search data before those results became public. Prosecutors unsealed the criminal complaint Wednesday in the Southern District of New York, accusing him of commodities fraud, wire fraud, and money laundering. […]

The post Google Engineer Accused in $1.2M Polymarket Case appeared first on World Casino News.