A Google security engineer was charged with insider trading after winning $1.2 million using confidential company data to place bets on the cryptocurrency-based Polymarket decentralized prediction market.

A Google security engineer was charged with insider trading after winning $1.2 million using confidential company data to place bets on the cryptocurrency-based Polymarket decentralized prediction market.

A Google engineer has been accused of using confidential information to make over $1.2 million on prediction market Polymarket. He faces charges of wire fraud and money laundering, which carry a combined sentence of up to 50 years in prison.

Michele Spagnuolo, ⁠a 36-year-old Italian citizen, allegedly used insider information to bet on long-shot candidates like indie pop musician D4vd

NEW YORK, May 27 : The U.S. Justice Department has charged a Google software engineer with using insider information to rig bets tied to Google's most-searched list on prediction market Polymarket, earning $1.2 million in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-ol

NEW YORK, May 27 : The U.S. Justice Department has charged a Google software engineer with using insider information to rig bets tied to Google's most-searched list on prediction market Polymarket, earning $1.2 million in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-ol