A Google engineer has been accused of using confidential internal company data to make roughly $1.2 million betting on Polymarket, according to a newly unsealed federal complaint.
• Prosecutors allege Michele Spagnuolo used nonpublic Google search trend data to place large bets under the username “AlphaRaccoon.”
• Authorities say he knew certain outcomes before the public due to his access to internal Google data and later attempted to conceal the profits.
• Spagnuolo was arrested in New York on fraud and money laundering charges before being released on a $2.25 million bond. Google says he has been placed on leave.
