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According to federal prosecutors, Michele Spagnuolo made more than $1 million on the prediction market platform using confidential information about Google Search traffic.
Source
Wired
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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 "knew the outcome of these wagers before the trading public did because he had accessed Google's confidential, commercially valuable internal data." Spagnuolo was arrested in New York on Wednesday but released on a $2.25 million bond, AB
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