Google Engineer Accused of Earning $1.2 Million on Polymarket

According to a criminal complaint in the US, a software engineer working at Google allegedly used the company's confidential internal data to place bets on the Polymarket platform. The engineer, identified as Michele Spagnuolo, is accused of making a series of bets on who would be the most wanted person, earning approximately $1.2 million. The complaint states that Spagnuolo used information obtained from Google's internal systems to trade on prediction markets on Polymarket. It is noted that this information was not publicly available and was proprietary data for internal company use. The incident has once again brought to the forefront the legal consequences of tech giant employees using internal company information for personal gain. It is emphasized that prediction markets like Polymarket are vulnerable to the risk of insider trading. This is not investment advice.