Crypto

Google Employee Accused of Insider Trading on Polymarket

CFTC says Michele Spagnuolo made $1.2 million placing bets on Google’s 2025 'Year in Search Data'

Zach Stark

May 29, 2026 — 2 min read

Jay Clayton, U.S. Attorney for the Southern District of New York, at a news conference March 9, 2026, by Seth Wenig/AP.

WASHINGTON, May 29, 2026 – A Google employee made about $1.2 million using insider information to place winning bets on the Polymarket predictions market platform, according to the Commodity Futures Trading Commission

The CFTC in a complaint accused Google employee Michele Spagnuolo of insider trading, saying the Switzerland-based employee made online trades under the handle “AlphaRaccoon.” Spagnuolo allegedly used the company’s 2025 “Year in Search Data” before it was made publicly available to inform wagers on the most searched people last year.

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Crypto Polymarket Michele Spagnuolo Donald Trump Elon Musk Zohran Mamdani Jay Clayton Google CFTC

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