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Matthias Knab, Opalesque for New Managers: The U.S. Commodity Futures Trading Commission has filed a civil enforcement action against a Google software engineer who, regulators say, turned advance knowledge of one of the internet's most-watched marketing reveals into roughly 1.2 million dollars of trading profits on the prediction market Polymarket.com.
The complaint, CFTC v. Michele Spagnuolo (Civil Action No. 26-cv-4419), was filed on May 27, 2026 in the U.S. District Court for the Southern District of New York. It alleges that from at least October 2025 through at least December 2025, Spagnuolo - a software engineer at a subsidiary of Alphabet, Inc., who resides in Switzerland - misappropriated nonpublic information about Google's official "Year in Search" list for 2025 and used it to trade event contracts that resolved on the rankings in that list.
The information edge
Google's "Year in Search" is an annual marketing event built around the year's top search trends, released with a deliberately high-impact rollout. According to the CFTC, the 2025 list was not published until December 4, 2025, and the underlying rankings were unavailable to the public before that date.
Spagnuolo, the complaint says, had access to that data well before release. On or about October 15, 2025 and again on November 27, 2025, he allegedl...................... To view our full article Click here
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