A Google security engineer was arrested in New York on charges of using confidential company information to trade on the prediction market platform Polymarket. Michele Spagnuolo allegedly earned more than $1 million from the scheme.
Michele Spagnuolo, a 36-year-old Italian citizen, was arrested Tuesday morning in New York. Federal prosecutors charged him with commodities fraud, wire fraud and money laundering. He is accused of using internal Google data on search trends to place bets on Polymarket, including one that the top-searched person for 2025 would be singer d4vd, which reportedly netted him $1.2 million. Spagnuolo allegedly tried to conceal the source of the funds.
