{"id":981,"date":"2026-05-28T01:09:37","date_gmt":"2026-05-28T01:09:37","guid":{"rendered":"https:\/\/silvybrand.com\/?p=981"},"modified":"2026-05-28T01:09:37","modified_gmt":"2026-05-28T01:09:37","slug":"google-polymarket-insider-trading-prediction-market-bets","status":"publish","type":"post","link":"https:\/\/silvybrand.com\/?p=981","title":{"rendered":"A Google employee allegedly used inside information to win $1.2 million on Polymarket\u00a0"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as <a href=\"https:\/\/abcnews.com\/US\/google-employee-charged-inside-information-make-1-million\/story?id=133350018\">reported earlier by ABC News<\/a>. In <a href=\"https:\/\/www.documentcloud.org\/documents\/28167522-us-vs-spagnuolo\/\">their now-unsealed complaint<\/a>, prosecutors allege that Michele Spagnuolo \u201cknew the outcome of these wagers before the trading public did because he had accessed Google\u2019s confidential, commercially valuable internal data.\u201d Spagnuolo was arrested in New York on Wednesday but released on a $2.25 million bond, ABC News reports. He is charged with commodities fraud, wire fraud, and money laundering.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">Spagnuolo made bets on Polymarket under the username AlphaRacoon, with his successful search-related wagers catching the attention of <a href=\"https:\/\/www.forbes.com\/sites\/boazsobrado\/2025\/12\/04\/alleged-insider-nets-1-million-on-polymarket-in-24-hours\/\">outlets like <em>Forbes<\/em><\/a> and <a href=\"https:\/\/x.com\/JeongHaeju\/status\/1996462116094480464?s=20\">users on social media<\/a> last December. In one instance, Spagnuolo correctly guessed that a singer named D4vd would \u201cbe the #1 searched person on Google\u201d in 2025, despite the \u201cnear-zero probability\u201d assigned by Polymarket, according to the complaint.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">At the same time, Spagnuolo allegedly bet that Pope Leo XIV and Kendrick Lamar would not appear on Google\u2019s <a href=\"https:\/\/trends.withgoogle.com\/year-in-search\/2025\/\">\u201cYear in Search 2025\u201d lists<\/a>, which are difficult to predict because of how they\u2019re calculated. <a href=\"https:\/\/trends.withgoogle.com\/year-in-search\/data-methodology\/\">Google says<\/a> it ranked last year\u2019s terms based on which ones saw the \u201chighest increase in traffic\u201d \u2014 not the highest number of searches \u2014 between January 1st, 2025 and November 25th, 2025. \u201cBy measuring the spike in interest rather than the total number of searches, we can identify the trends that were unique to 2025.\u201d<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">\u201cOnce he won, Spagnuolo then took deliberate steps to conceal his unlawful use of nonpublic information by attempting to obscure the source and ownership of his unlawful proceeds,\u201d the complaint says. Last month, federal prosecutors charged US Army soldier Gannon Ken Van Dyke with fraud for allegedly making <a href=\"https:\/\/www.theverge.com\/news\/853765\/someone-made-a-ton-of-money-betting-on-maduros-capture\">a $400,000 Polymarket bet<\/a> on the capture of Venezuelan President Nicol\u00e1s Maduro.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">In <a href=\"https:\/\/x.com\/Polymarket\/status\/2059743586216800506?s=20\">a statement on X<\/a>, Polymarket called itself \u201cthe enforcement leader,\u201d saying its \u201cmarket integrity infrastructure\u201d flagged Spagnuolo\u2019s activity. \u201cBlockchain trading is transparent, traceable, and bad actors leave footprints,\u201d the company writes, without noting whether the people putting their money down know that.<\/p>\n<\/div>\n<div>\n<p class=\"duet--article--dangerously-set-cms-markup duet--article--standard-paragraph _1044qizi _18mzr4b1 _18mzr4b0 _19wv7tc1\">\u201dWe\u2019re working with law enforcement on their investigation,\u201d Google spokesperson Jaclyn Vazquez says in a statement to <em>The Verge<\/em>. \u201cThe employee accessed our marketing material using a tool available to all employees, but using such confidential information to place bets is a serious breach of our policies. We\u2019ve placed the employee on leave and will take the appropriate action.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.theverge.com\/tech\/938635\/google-polymarket-insider-trading-prediction-market-bets\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets related to Search-related trends in 2025, as reported earlier by ABC News. In their now-unsealed complaint, prosecutors allege that Michele Spagnuolo \u201cknew the outcome of these wagers before the trading public did because he had accessed Google\u2019s confidential, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[135,32,74,34],"class_list":["post-981","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gadgets","tag-business","tag-google","tag-policy","tag-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Google employee allegedly used inside information to win $1.2 million on Polymarket\u00a0 - Silvybrand Lifestyle Blog<\/title>\n<meta name=\"description\" content=\"Federal prosecutors have charged a Google employee with fraud after he allegedly used confidential data to make over $1 million on bets related to the most-searched terms in 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/silvybrand.com\/?p=981\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Google employee allegedly used inside information to win $1.2 million on Polymarket\u00a0 - 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