ABC News: Top Stories | Google employee charged with using inside information to make $1M on Polymarket AI generated summary, Read the full article for complete information. A federal criminal complaint unsealed in New York accuses former Google software engineer Michele Spagnuolo of fraudulently exploiting his access to internal search‑trend data to place insider bets on the prediction‑market platform Polymarket. By using a pseudonymous account (AlphaRaccoon), he correctly wagered that the singer D4vd would be Google’s most‑searched person in 2025—a bet the market had deemed almost impossible—and profited about $1.2 million after Google’s Year in Search results confirmed the prediction. Spagnuolo, 36, an Italian citizen, has been charged with commodities fraud, wire fraud and money laundering; he was arrested in New York, appeared briefly before a magistrate, and was released on a $2.25 million bond while the case proceeds. This marks the second high‑profile Polymarket fraud case brought by the Southern District of New York this year. Read more: https://abcnews.com/US/google-employee-charged-inside-information-make-1-million/story?id=133350018 #Google #MicheleSpagnuolo #Polymarket #AlphaRaccoon #USattorney