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US Charges Google Employee With Pocketing Millions From Insider Trading Bets On Polymarket
US Charges Google Employee With Pocketing Millions From Insider Trading Bets On Polymarket
Authored by Stephen Katte via CoinTelegraph.com,
US authorities have charged a Google employee with allegedly using information from the company to make bets on Polymarket and profit $1.2 million.
The Justice Department said on Wednesday that it unsealed charges against Google software engineer Michele Spagnuolo, accusing him of accessing unreleased internal information at Google and placing 25 bets worth $2.7 million on markets related to the most searched individuals on Google in 2025.
Prosecutors said Spagnuolo owned the Polymarket account “AlphaRaccoon”, which...
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Jun 6, 2026 / Tyler Durden
Facebook Marketplace Enters The AI Thirst-Trap Era
Facebook Marketplace Enters The AI Thirst-Trap Era
Searching Facebook Marketplace in the AI era has revealed a strange new phenomenon: sellers are running product photos through chatbots or image generators to insert scantily clad women into listings.
This marketing ploy seemingly bets that thirst-trap imagery will boost clicks and improve the chances of selling whatever item is listed on the online marketplace.
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Jun 3, 2026 / Tyler Durden
Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO
Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO
Two weeks ago, when the SpaceX IPO prospectus landed, we observed, that "Goldman is lead left; and pretty much every other bank is on the cover."
Goldman is lead left; and pretty much every other bank is on the cover. They need that to sell it to retail https://t.co/9JogVIxo1i pic.twitter.com/nSnvx6tWqs
— zerohedge (@zerohedge) May 20, 2026
Yet one bank was missing: middle-market specialist (with a penchant for junk bonds and lack of due diligence on private credit deals), Jefferies.
Whether it was shunned...
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Mar 11, 2026 / Larry C. Johnson
Choke Point: The Global Economic Consequences of The Persian Gulf Shutdown
The Persian Gulf is the most consequential body of water in the global economy. Its narrow exit — the Strait of Hormuz, just 33 kilometres wide at its narrowest point — acts as a valve through which flows an extraordinary share of the world’s energy and agricultural inputs. A sustained closure of that valve by […]
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