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The post Polymarket trader accused of making $1.2M using Google insider data appeared on BitcoinEthereumNews.com. U.S. authorities have charged a Google software engineer with insider trading tied to prediction markets, as federal regulators continue tightening scrutiny around Polymarket and other event-based trading platforms. Summary U.S. prosecutors and the CFTC have charged a Google engineer over alleged insider trading tied to Polymarket bets. Authorities said the trader used unreleased Google search trend data to place $2.7 million in prediction market wagers. According to the U.S. Department of Justice, Google employee Michele Spagnuolo allegedly used confidential company information to place trades on Polymarket before Google publicly released its 2025 search trend rankings. “A Google employee allegedly used confidential information to make more than $1.2 million through insider trading on a prediction market,” said U.S. Attorney Jay Clayton. “Corporate insiders who misuse conf
Read full articleThe case highlights increasing regulatory scrutiny on prediction markets, potentially leading to stricter compliance measures and enforcement. The post Google engineer charged with insider trading on Polymarket for $1.2M in profits appeared first on Crypto Briefing.
Tokenized funds, prediction markets and DeFi apps rely on accurate data, making oracle quality central to LINK’s infrastructure narrative.
The case highlights growing regulatory scrutiny on prediction markets, raising questions about data security and market manipulation risks. The post US charges Google engineer with insider trading on Polymarket over search trend bets appeared first on Crypto Briefing.
U.S. authorities have charged a Google software engineer with insider trading tied to prediction markets, as federal regulators continue tightening scrutiny around Polymarket and other event-based trading platforms. According to the U.S. Department of Justice, Google employee Michele Spagnuolo allegedly…
The Justice Department and the CFTC allege that Google software engineer Michele Spagnuolo profited $1.2 million on Polymarket after accessing non-public information at work.
This case highlights the increasing regulatory scrutiny on prediction markets, potentially reshaping their legal landscape and enforcement. The post US charges Google engineer with insider trading on Polymarket appeared first on Crypto Briefing.
President Donald Trump is doubling down on his goal of making the United States the “crypto capital of the world,” while also weighing in on a growing national fight over who should regulate prediction markets. Trump Says CFTC Rules Will Help Crypto ‘Thrive’ In a new statement shared Tuesday on Truth Social, Trump said it […]
This case highlights the legal risks of using insider information in decentralized markets, emphasizing the need for regulatory oversight. The post Google engineer charged with using inside information to win $1.2M on Polymarket appeared first on Crypto Briefing.
