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 the 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 and reap immense financial gain. His arrest comes one month after prosecutors charged a US army soldier with using classified information to place Polymarket bets about military action in Venezuela.
