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Second prediction market insider trading case targets Google employee

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Photo: Smith Collection/Gado/Getty Images

Alexander Barzacanos

2 min read
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A Google software engineer allegedly used confidential search data to make around $1.2m on “near-perfect” search term predictions.

Marking the second recent US insider-trading case tied to prediction markets, the DOJ and Commodity Futures Trading Commission (CFTC) brought parallel actions against a Google software engineer accused of using confidential internal information to make about $1.2m trading on Polymarket. This development comes as the CFTC pledges to clamp down

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