Federal prosecutors say the software engineer used internal data to make Polymarket trades on Google’s Year in Search results ... Show more
Google engineer in Switzerland charged in $1.2M Polymarket plot
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Key FactsGoogle Engineer Faces Charges Over Insider Trading
May 28, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theglobeandmail.com
Summary created with AI assistance · Source: theglobeandmail.com
- A 36-year-old Google software engineer is accused of using confidential company information to earn over $1.2 million on the Polymarket platform.
- The wagers targeted the top trending Google searches of 2025, based on internal data accessed before public release.
- Google has placed the employee on leave and is cooperating with authorities, while Polymarket highlights its blockchain's traceability.
- The individual faces charges including violations of the Commodity Exchange Act, wire fraud, and money laundering, with potential prison time.
"reinforce a decades-old message: corporate insiders cannot use confidential business information to turn a profit in our markets," Jay Clayton, U.S. Attorney for the Southern District of New York, said Wednesday. "Insider trading compromises the integrity of our markets, and the American people want this greed-driven conduct investigated and prosecuted."— Jay Clayton, U.S. Attorney for the Southern District of New York, said in relation to insider trading charges against Michele Spagnuolo.
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