Google Worker Charged Insider Trading Polymarket 1.2 Million | Full Story
A Google worker charged insider trading Polymarket $1.2 million has rocked the tech and cryptocurrency worlds. Michele Spagnuolo, a 36-year-old Italian citizen and Google software engineer of over 12 years, was arrested in New York on May 27, 2026. Federal prosecutors allege he abused his access to confidential internal data—specifically Google’s 2025 “Year in Search” rankings—to place lucrative bets on the prediction market platform Polymarket under the username “AlphaRaccoon” . What Did the Google Employee Do to Get Charged With Insider Trading? According to the criminal complaint unsealed in the Southern District of New York, Spagnuolo accessed Google’s internal data systems containing “Google Confidential” marketing material. This data revealed the company’s annual search rankings before they were publicly released on December 4, 2025. Between October and December 2025, he allegedly used this nonpublic information to place approximately $2.7 million in bets on Polymarket contracts...