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Business Insider·3 min read·medium

A Google engineer made $1.2 million by insider trading on Polymarket under the name 'AlphaRaccoon': DOJ - Business Insider

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Aditi Bharade
A Google engineer made $1.2 million by insider trading on Polymarket under the name 'AlphaRaccoon': DOJ - Business Insider
✦AI Summary

A Google software engineer, Michele Spagnuolo, has been charged with insider trading after allegedly using confidential company data to profit $1.2 million on the prediction market Polymarket. The DOJ alleges he used the alias 'AlphaRaccoon' to place bets based on internal information regarding AI agent deployment.

Why it matters

This case highlights the growing intersection of corporate espionage, AI development, and the regulatory challenges facing decentralized prediction markets.

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Google Engineer Made $1.2 Million Via Polymarket Insider Trading: DOJ - Business Insider

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The report focuses on factual allegations from the DOJ and includes a statement from the company.

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