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Google employee charged with using insider data to rig bets on Polymarket

ai, AI (Artificial Intelligence), Artificial Intelligence, Google, Law (US), polymarket, prediction markets, Technology, US news

US DoJ alleges software engineer Michele Spagnuolo, 36, earned $1.2m betting on Google’s most-searched listThe US justice department has charged a Google software engineer with using insider information to rig bets tied to Google’s most-searched list on prediction market Polymarket, earning $1.2m in profits, according to a complaint unsealed on Wednesday.Michele Spagnuolo, a 36-year-old Italian […]

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The US is betting on AI to catch insider trading in prediction markets

ai, AI (Artificial Intelligence), Artificial Intelligence, cftc, Kalshi, Policy, polymarket, prediction markets, syndication

For most of the past year, it looked like prediction markets had kicked off a new golden age of fraud. On Polymarket, traders raked in fortunes from suspiciously timed bets on geopolitical events like the raid on Venezuela and the Iran War. It wasn’t clear whether the US government would bother pursuing some of the

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