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MevTeaBreak

1. 1.2 million dollars betting on search trends, engineers turning into traders, Google turning into a casino.


2. This case probably will cause many big companies to tighten internal data access.
GOOGLX-2.34%
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MarsBitNews
A Google employee is accused of profiting more than $1.2 million from insider trading on Polymarket using internal search data.
According to Fortune, U.S. prosecutors this week filed insider trading charges against Google software engineer Michele Spagnuolo. Using the online alias AlphaRaccoon, he placed bets on Polymarket using internal search trend data before Google's "2025 Search of the Year" data was made public, accumulating over $1.2 million in profits. The FBI tracked cryptocurrency payments to identify his identity. Google has suspended him, stating that using confidential information to place bets is a serious policy violation. Spagnuolo is charged with violating the U.S. Commodity Exchange Act, telecommunications fraud, and money laundering, and could face long-term imprisonment.
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