Huo Xing Cai Jing reports, according to Bitcoin.com, Google software engineer Michele Spagnuolo has been charged with commodities fraud, wire fraud, and money laundering, after authorities alleged he used confidential Google data to profit from Polymarket contracts. The U.S. Department of Justice (DOJ) stated that prosecutors claim Spagnuolo earned over $1.2 million through a Polymarket account named “AlphaRaccoon.” The core of the case revolves around Google’s “2025 Annual Search Results.” Prosecutors allege that Spagnuolo obtained internal search ranking data labeled “Google Confidential” and used this information to trade contracts tied to the most-searched individuals and the top five most-searched individuals for 2025. Authorities state that between October 15 and December 4, 2025, he invested approximately $2.75 million.
Google engineer allegedly earns over $1.2 million using confidential data on Polymarket
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Summary
A Google engineer has been charged with fraud and money laundering for allegedly using internal on-chain data to profit on Polymarket. Michele Spagnuolo, a software engineer, reportedly earned over $1.2 million by trading contracts tied to 2025 search trends. He accessed Google’s confidential information to predict top search terms and individuals, using an account named 'AlphaRaccoon.' The U.S. DOJ stated that he invested $2.75 million between October 15 and December 4, 2025. Inflation data and search rankings were reportedly used to inform his trades.
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