A Google engineer made more than $1 million using inside information to place Polymarket bets based on what users were for searching on Google.
Michele Spagnuolo, a Google information security engineer, had access to company data that tracked user searches according to a federal criminal complaint that was unsealed on Wednesday.
The complaint said that Spagnuolo “misappropriated confidential and valuable nonpublic information from his employer and used that information to place a series of Google-related bets on Polymarket, a prediction market platform.”
“Unlike the counterparties to his trades, Spagnuolo knew the outcome of these wagers before…
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