Google employee charged with $1M Polymarket insider trading bet on search term
by pseudolus on 5/28/2026, 12:49:58 AM
https://www.cnbc.com/2026/05/27/google-employee-polymarket-insider-trading.html
Comments
by: wyldfire
Of course he should be punished but the best lesson here is for bettors. Those who wager on "prediction markets": you are betting against people who have access to more information or can influence the outcome of the wager. Don't waste your money.
5/28/2026, 2:47:37 AM
by: yakbarber
That's aweful, only senators should be allowed to do that!
5/28/2026, 2:16:10 AM
by: solarkraft
Interesting to see that insider trading is considered illegal after all.<p>When will the white house insiders see the same fate?
5/28/2026, 3:57:37 AM
by: frakkingcylons
If you worked at Google for 12 years, it seems pretty irrational to commit this kind of crime for only $1M.<p>Maybe there’s a chance he can get pardoned before 2029 lol
5/28/2026, 3:35:33 AM
by: onlypassingthru
If you're playing a poker game and you look around the table and and can't tell who the sucker is, it's you.<p>- Paul Newman
5/28/2026, 3:39:42 AM
by: 827a
Anderson Cooper: But predictive markets do rely on someone having some inside information.<p>Shayne Coplan: Uh-huh. Yeah. I think that people going and having an edge to the market is a good thing. Obviously, you need to curate them and you need to be really clear and stringent on where the line is drawn and, like, sort of ethics and we spend a lot of time on that. But it's sort of an inevitability that this will happen, and there's a lot of benefits from it. And, you know, people will adapt.<p>[1] <a href="https://www.cbsnews.com/news/polymarket-ceo-shayne-coplan-online-betting-platform-60-minutes-transcript/" rel="nofollow">https://www.cbsnews.com/news/polymarket-ceo-shayne-coplan-on...</a>
5/28/2026, 2:56:21 AM
by: kingleopold
So now the real bet he lost is salary + time for all those years he is going to prision + lower job for decades after prison. This person bet Millions to get $1M basically and lost both, very rare gambling level lost from smart(used to) person. At least normal gambler loses what they have and some debt.
5/28/2026, 2:50:42 AM
by: kevmo314
If he had made less money doing it he probably would have gotten away with it.
5/28/2026, 3:11:05 AM
by: ElenaDaibunny
Forbes flagged this account back in December and it still took prosecutors months to charge him.
5/28/2026, 2:40:23 AM
by: ChrisArchitect
[dupe] <a href="https://news.ycombinator.com/item?id=48301808">https://news.ycombinator.com/item?id=48301808</a>
5/28/2026, 3:23:19 AM
by: morkalork
Anyone could have run the list of candidate names from the bets through google trends right?
5/28/2026, 1:58:45 AM
by: iririririr
So they hanged a nobody while the person who made even more with white house insider trading announcements by the president goes scotch free?
5/28/2026, 3:48:20 AM