Google information security engineer charged with using insider information to make $1.2 million on Polymarket

A Google security engineer was indicted by the U.S. Justice Department for allegedly using internal information to trade on Polymarket.

Prosecutors say the trades tied to Google-related bets generated about $1.2 million in profit.

The case includes charges related to commodities fraud, wire fraud, and money laundering.

It underscores the growing scrutiny of prediction markets and the need to protect company information.