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Google Employee Charged with Insider Trading on Polymarket

A Google employee has been charged with insider trading for allegedly using confidential company data to place bets on Polymarket, earning $1.2 million. The individual, known as 'AlphaRaccoon,' is accused of leveraging internal information to predict outcomes on the cryptocurrency-based prediction market.

27 May, 21:09 — 28 May, 11:27
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Sources

Showing 13 of 19 sources
BBCHigh2d ago

Google worker charged with using internal data to make $1.2m on bets

The longtime Google employee was charged in New York for allegedly breaking insider trading laws.

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bloombergHigh2d ago

Google Engineer Charged With Insider Trading on Polymarket - Bloomberg.com

Google Engineer Charged With Insider Trading on Polymarket  Bloomberg.com

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wsjHigh2d ago

Google Employee Charged With Insider Trading on Polymarket - WSJ

Google Employee Charged With Insider Trading on Polymarket  WSJ

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FTVery High2d ago

Google engineer charged with insider trading on Polymarket

Employee allegedly used account name ‘AlphaRaccoon’ and amassed more than $1mn, charges say

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The GuardianMostly Factual1d ago

Google employee charged with using insider data to rig bets on Polymarket

US DoJ alleges software engineer Michele Spagnuolo, 36, earned $1.2m betting on Google’s most-searched list The US justice department has charged a Google software engineer with using insider information to rig bets tied to Google’s most-searched list on prediction market Polymarket, earning $1.2m in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-old Italian citizen, allegedly used insider information to bet on long-shot candidates like indie pop musicia...

By Reuters

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NPRHigh2d ago

DOJ charges Google staffer over Polymarket trades netting $1.2 million

It's 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.

By Bobby Allyn

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Al JazeeraMostly Factual2d ago

Google employee charged with insider trading over Polymarket bets

Michele Spagnuolo allegedly used insider information to profit from bets on people on Google's most-searched list.

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cnbcMostly Factual2d ago

Google employee charged with $1M Polymarket insider trading bet on search term

The complaint from the Southern District of New York comes just over a month after another insider trading case on Polymarket.

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Business InsiderMostly Factual1d ago

A Google engineer made $1.2 million by insider trading on Polymarket under the name 'AlphaRaccoon': DOJ

A Google engineer made $1.2 million from trades based on confidential information, the DOJ said. Bloomberg/Getty Images The DOJ said a Google software engineer made $1.2 million from insider trading on Polymarket. Michele Spagnuolo was charged with wire fraud, money laundering, and violating the Commodity Exchange Act. Prediction markets are facing growing scrutiny in the US, with lawmakers seeking to regulate them. The DOJ said a Google engineer used confidential company information to min...

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Times of IndiaMostly Factual1d ago

Google employee made millions sharing 'Google Confidential' info on Polymarket; charged

A Google software engineer, Michele Spagnuolo, faces federal charges for insider trading. Prosecutors allege he exploited confidential company data to profit over $1.2 million on the prediction market platform Polymarket. Operating under the alias 'AlphaRaccoon', Spagnuolo allegedly bet on Google's business outcomes using non-public information, compromising market integrity. He is charged with fraud and money laundering.

By TOI TECH DESK

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jerusalem-postMostly Factual1d ago

Google engineer charged with insider trading on Polymarket after netting $1.2 m. on search data

Michele Spagnuolo, a 36-year-old Italian citizen, allegedly used insider information to bet on long-shot candidates like indie pop musician D4vd.

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ndtvMostly Factual2d ago

How A Google Techie Made Rs 11.5 Crore Betting On D4vd, Accused Murderer Who Topped 2025 Searches

A Google employee has been arrested for $1.2 million (Rs 11.5 crore) fraud after he bet on Polymarket using internal search data.

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myjoyonlineMixed2d ago

Google worker charged with using internal data to make $1.2m on bets

A Google employee has been arrested for allegedly using his access to company information to successfully place lucrative bets on the prediction platform Polymarket.

By Abubakar Ibrahim

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Coverage Timeline

First report: bloomberg · 27 May, 21:09Full coverage: 19 · 14hWindow: 14h
Left-leaningCenterRight-leaning
bloomberg27 May, 21:09First to report

Google Engineer Charged With Insider Trading on Polymarket - Bloomberg.com

2h later
wsj27 May, 23:34

Google Employee Charged With Insider Trading on Polymarket - WSJ

cnbc27 May, 23:34

Google employee charged with $1M Polymarket insider trading bet on search term

NPR27 May, 23:35

DOJ charges Google staffer over Polymarket trades netting $1.2 million

FT27 May, 23:43

Google engineer charged with insider trading on Polymarket

Reuters27 May, 23:48

US charges Google engineer with insider trading on Polymarket - Reuters

channel-news-asia27 May, 23:52

US charges Google engineer with insider trading on Polymarket

CNN27 May, 23:54

Federal prosecutors charge Google engineer for allegedly using insider info to make $1.2 million on Polymarket - CNN

2h later
ndtv28 May, 01:29

How A Google Techie Made Rs 11.5 Crore Betting On D4vd, Accused Murderer Who Topped 2025 Searches

BBC28 May, 02:14

Google worker charged with using internal data to make $1.2m on bets

Al Jazeera28 May, 02:25

Google employee charged with insider trading over Polymarket bets

1h later
seeking-alpha28 May, 03:36

Google employee faces fraud charges over $1.2M Polymarket bet

2h later
myjoyonline28 May, 05:09

Google worker charged with using internal data to make $1.2m on bets

1h later
Times of India28 May, 06:25

Google employee made millions sharing 'Google Confidential' info on Polymarket; charged

Business Insider28 May, 06:53

A Google engineer made $1.2 million by insider trading on Polymarket under the name 'AlphaRaccoon': DOJ

svenska-dagbladet28 May, 07:25

Google-anställd åtalas för insiderbrott

1h later
jerusalem-post28 May, 08:54

Google engineer charged with insider trading on Polymarket after netting $1.2 m. on search data

rzeczpospolita28 May, 09:08

Pracownik Google zarobił fortunę na tajnych danych. Wpadł przez kryptowaluty

2h later
The Guardian28 May, 11:27Latest update

Google employee charged with using insider data to rig bets on Polymarket