A Google engineer faces charges for allegedly using confidential company data. He is accused of rigging bets on Polymarket, a prediction platform. These bets were tied to Google's most-searched list. He reportedly made over a million dollars in profits. Authorities are investigating such insider trading. Google is cooperating with law enforcement.

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.