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Fortune
Fortune
Marco Quiroz-Gutierrez

A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket

(Credit: Lloyd Mitchell—Bloomberg via Getty Images)

A software engineer with more than a decade of experience at Google allegedly used internal information to pocket $1.2 million on the prediction market Polymarket.

Michele Spagnuolo, the Google engineer who went by the username “AlphaRaccoon” online, allegedly disregarded red text at the top of an internal tool that read “Google Confidential,” and accessed data about the most-searched celebrities to help inform several bets he made on Google’s 2025 Year in Search, a marketing campaign showing the top searches from last year, according to the complaint, which was filed by the U.S. Attorney’s Office for the Southern District of New York.

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