A Google employee allegedly used inside information to win $1.2 million on Polymarket 

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.