Google Engineer Charged with Insider Trading on Polymarket

Michele Spagnuolo, a Google security engineer, has been arrested and charged with insider trading for allegedly using nonpublic information to place bets on Polymarket, according to CoinDesk. The U.S. Attorney's Office for the Southern District of New York claims Spagnuolo accessed Google's internal data to predict the most-searched individuals for 2025, transferring $3.8 million in USDC to a Polymarket address. The complaint alleges Spagnuolo profited over $1.2 million and attempted to conceal his actions through money laundering. He faces charges of commodities fraud, wire fraud, and money laundering.