A Google software engineer has been arrested in US after allegedly using confidential company data to place prediction bets that earned him more than $1 million.

A Google staffer fraudulently made more than $1 million by using inside information to place Polymarket bets on what users were searching for on Google, authorities say.

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.