The Commodity Futures Trading Commission (CFTC) has filed a complaint in the U.S. District Court for the Southern District of New York against Michele Spagnuolo, a Google employee residing in Switzerland. The complaint alleges Spagnuolo engaged in insider trading on Polymarket.com.
Spagnuolo is accused of using sensitive nonpublic information concerning Google’s official Year in Search list for 2025. This action marks a significant enforcement effort by the CFTC against alleged illicit trading in event contracts.