Google Engineer Charged with Polymarket Insider Trading

Federal prosecutors have charged Google security engineer Michele Spagnuolo with insider trading on the prediction market platform Polymarket, alleging he used confidential data about Google Search traffic to make winning bets. Operating under the account name "AlphaRaccoon," Spagnuolo reportedly amassed more than $1 million in profits before investigators caught up with him. The case is the first major criminal prosecution tied to insider trading on a crypto prediction market.