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NPR Topics: News | DOJ charges Google staffer over Polymarket trades netting $1.2 million by Bobby Allyn
AI generated summary, Read the full article for complete information.
A Google software engineer, Michele Spagnuolo—who operated under the username “AlphaRaccoon”—was arrested and charged with commodities fraud, wire fraud, money laundering and related offenses after using confidential internal Google search data to place bets on the prediction‑market platform Polymarket, netting roughly $1.2 million in profit; prosecutors allege he wagered that the rapper D4vd would become the most‑searched person in 2025, a bet made possible only because he accessed non‑public Google analytics, and Google confirmed the employee has been placed on leave and is cooperating with the federal investigation, which comes amid growing scrutiny of prediction‑market sites and similar insider‑trading cases involving other individuals and regulatory debates.
Read more: https://www.npr.org/2026/05/27/nx-s1-5836659/google-polymarket-insider-trading-doj-charges
#MicheleSpagnuolo #Google #Polymarket #DonaldTrump #CFTC #NicolsMaduro #DonaldTrumpJr