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

Federal prosecutors say a Google employee used confidential internal marketing data to place successful Polymarket bets on 2025 Google Search trends.

Michele Spagnuolo allegedly made about $1.2 million and tried to hide the profits, according to the complaint.

He now faces fraud and money-laundering charges and was released on bond.

The case puts fresh scrutiny on prediction markets and the misuse of nonpublic corporate data.