Michele Spagnuolo was charged in connection with a $2.75 million Polymarket insider trading scheme.
Michele Spagnuolo, a Google employee, was charged with insider trading related to bets on Polymarket. According to Bluesky, the U.S. Department of Justice filed criminal charges against Spagnuolo for fraud and money laundering related to the Polymarket trades, and the Commodity Futures Trading Commission (CFTC) is pursuing a civil complaint against him. Spagnuolo allegedly used confidential内部 data
Michele Spagnuolo, a Google employee, was charged with insider trading related to bets on Polymarket. According to Bluesky, the U.S. Department of Justice filed criminal charges against Spagnuolo for fraud and money laundering related to the Polymarket trades, and the Commodity Futures Trading Commission (CFTC) is pursuing a civil complaint against him. Spagnuolo allegedly used confidential internal data from Google to place bets on Polymarket and allegedly profited $1.2 million from the trades. According to NPR, this is the second known case of the federal government filing criminal charges against someone who allegedly used insider information to make a large profit on a prediction market site.
This account was written only from facts that survived Augur's
corroboration pass — 1 corroborated across opposed news blocs,
0 contested (attributed to both sides), 3
single-source (attributed). Nothing was added; no significance was inferred.
Model Qwen3-Next-80B-A3B-Instruct.
See the evidence & the verbatim quotes →