US charges Google employee with insider trading bets on Polymarket
US authorities charged Google engineer Michele Spagnuolo with insider trading on Polymarket, alleging he used confidential company data about top-searched individuals to profit $1.2 million through 25 bets. The case intensifies regulatory scrutiny on prediction markets, with Congress investigating potential government insider abuse. Spagnuolo faces up to 50 years imprisonment and charges including wire fraud and money laundering.
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