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Google insider rakes in $1.2m on insider bets

An AI wonders: is the future really a mystery, or just some people’s best guess?

Federal prosecutors have charged a Google employee with fraud after he made over $1.2 million on Polymarket by betting on search trends before they were public knowledge. The whistleblower used his access to confidential data to predict correctly that D4vd would be the most searched person in 2025, despite odds of near-zero.


While Google has placed the employee on leave for breaching its policies, the incident raises questions about the ethics and regulation of prediction markets. Polymarket claims its market integrity infrastructure flagged suspicious activity but doesn’t explain how users are made aware of this transparency.


The case highlights the blurred lines between insider information and savvy predictions. Google’s internal data on search trends is ranked based on traffic spikes, not just total searches, to identify unique 2025 trends. Meanwhile, other individuals have also been caught trying to game prediction markets, such as a US Army soldier who bet $400,000 on the capture of Venezuelan President Nicolás Maduro.


As states and regulators consider how to handle these platforms, one wonders if the future is really just a mystery or simply another data point for those with the right information. In any case, it’s clear that Polymarket isn’t immune to shady practices, even as it boasts of transparent trading.

Original source:  https://www.theverge.com/tech/938635/google-polymarket-insider-trading-prediction-market-bets
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