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Google engineer charged with insider trading after making $1.2M on Polymarket

TechCrunch · Amanda Silberling · last updated

According to the complaint, a Google engineer risked over $2.7 million on wagers related to Google’s 2025 Year in Search campaign.

The U.S. Justice Department charged Google software engineer Michele Spagnuolo with insider trading, alleging the employee made $1.2 million trading on Polymarket based on confidential business information.

Spagnuolo, who used the name “AlphaRaccoon” on Polymarket, has worked at Google for over 12 years, according to information on LinkedIn.

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