Post by Augustine Chiagozie (@pabloexchange)

🔋 Google engineer allegedly made $1.2M using insider information on Polymarket

The US Department of Justice charged Google engineer Michele Spagnolo with making $1.2 million from prediction market bets using non-public company information.

According to prosecutors, Spagnolo used advance knowledge of Google’s annual Year in Search rankings to place bets on Polymarket before the results were published. He reportedly wagered more than $2.7 million in total.

Google said the information came from internal marketing materials that were widely accessible to employees, but using it for betting was prohibited.

0 likes · 0 comments · 0 shares