New York Post
01 Jun 2026, 17:39 UTC · 2h ago
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2 claims · impact-rated
The DOJ is actively cracking down on fraud and the use of nonpublic information within prediction markets like Polymarket and Kalshi. — Increased regulatory scrutiny and criminal prosecutions in prediction markets may reduce liquidity and user growth in this emerging asset class.
-0.40Google engineer Michele Spagnuolo was charged with wire fraud and money laundering for using nonpublic Google data to win $1.2 million on Polymarket. — While an embarrassment for Google regarding internal data access, the incident is isolated to one employee and does not impact the company's fundamentals.
-0.10Ticker attribution
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The company is facing a security breach where an employee misused internal data for illegal betting.
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