NEW YORK (AP) — U.S. prosecutors slapped insider trading charges against a Google employee this week, alleging the software engineer used confidential company information to pocket more than $1.2 million on prediction market platform Polymarket. Authorities say 36-year-old Michele Spagnuolo used Google’s “Year in Search” data to place bets on search trends before the data was published. Google confirmed the employee has been placed on leave and is cooperating with law enforcement. Polymarket also stated it is working closely with authorities. The case underlines the latest concerns about insider trading in the growing world of speculative, 24/7 transactions now filling the internet.
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