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Google employee charged with using insider data to rig bets on Polymarket

The Guardian Tech Thursday 28 May 2026, 11:27 UTC By Reuters 1 min read
Key Points

A Google software engineer, Michele Spagnuolo, has been charged by the US Department of Justice for using insider information to rig bets on the prediction market Polymarket. Spagnuolo allegedly profited $1.2 million by betting on candidates who appeared on Google's most-searched list, including an indie pop musician following his arrest.

US DoJ alleges software engineer Michele Spagnuolo, 36, earned $1.2m betting on Google’s most-searched list

The US 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 $1.2m in profits, according to a complaint unsealed on Wednesday.

Michele Spagnuolo, a 36-year-old Italian citizen, allegedly used insider information to bet on long-shot candidates like indie pop musician D4vd, who appeared on Google’s most-searched list after he was arrested and accused of murdering a teenage girl, according to the complaint.

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Originally published by The Guardian Tech Read original →

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