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A Google engineer made $1.2 million by insider trading on Polymarket under the name 'AlphaRaccoon': DOJ - Business Insider
Overview
The Department of Justice charged Google engineer Michele Spagnuolo, alleging he used confidential internal Google search-term information to place bets on Polymarket under the alias "AlphaRaccoon" and earned about $1.2 million. Prosecutors say he accessed nonpublic company data to win wagers on the prediction market. The case follows another recent prosecution alleging misuse of inside information on Polymarket, underscoring growing enforcement attention on prediction-market activity.
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