Federal prosecutors in New York charged a Google software engineer with making roughly $1.2 million in profits from bets on the prediction market platform Polymarket by using confidential insider information he learned about the most searched people of 2025.

He's been charged with commodities fraud, wire fraud and money laundering.

Google engineer Michele Spagnuolo charged with commodities fraud, wire fraud, and money laundering for allegedly using confidential search data to win $1.2M on Polymarket.