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Euronews
Euronews
Una Hajdari

Google engineer charged in alleged $1.2mn Polymarket insider trading scheme

Betting on Polymarket is supposed to be a fun, low-intensity gamble whereby you buy 'yes' or 'no' shares for the outcome of a real-world event and hope to correctly predict how it resolves — at which point your winning share pays out $1 and your losing one pays nothing.

That is, unless you are an employee at Google and federal prosecutors allege you already know the answers — in which case it could amount to insider trading, one of the most aggressively prosecuted white-collar offences on the books that can carry a maximum prison sentence of 20 years.

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