Google engineer made $1.2M by placing bets on Polymarket using confidential info, prosecutors allege

A Google software engineer was accused Wednesday of using confidential company information to make over $1.2 million on Polymarket in the second significant criminal case tied to trades on the prediction market platform.

A Google software engineer was accused Wednesday of using confidential company information to make over $1.2 million on Polymarket in the second significant criminal case tied to trades on the prediction market platform.

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Michele Spagnulo, 36, an Italian citizen living in Switzerland, is charged with one count each of commodities fraud, wire fraud and money laundering, according to a federal complaint unsealed in New York City.

Prosecutors accuse Spagnulo of placing a series of bets from October to December based on internal Google search data that tracked user searches.