Google Engineer Accused of Polymarket Insider Trading Says He Was Just ‘Gambling’

Michele Spagnuolo, a Google engineer based in Switzerland, was arrested on allegations of insider trading on Polymarket. Spagnuolo stated that his trading activity constituted gambling rather than securities trading. Polymarket is a prediction market platform where users trade contracts based on outcomes of events. The distinction between gambling and insider trading carries legal significance regarding US regulatory jurisdiction.

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