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, ABC News reports. He is charged with commodities fraud, wire fraud, and money laundering.
Spagnuolo made bets on Polymarket under the username AlphaRa …
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