Google Engineer Accused of Polymarket Insider Trading
Google engineer Michele Spagnuolo was arrested on allegations of insider trading on the cryptocurrency prediction market Polymarket, but he claims his activities constituted gambling rather than illegal trading. Spagnuolo's defense hinges on the argument that gambling falls outside the jurisdiction of US commodities law, potentially creating a legal gray area around enforcement on decentralized prediction markets.
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Google Engineer Accused of Polymarket Insider Trading Says He Was Just Gambling
Google engineer Michele Spagnuolo was arrested on allegations of insider trading on the cryptocurrency prediction market Polymarket, but he claims his activities constituted gambling rather than illegal trading. Spagnuolo's defense hinges on the argument that gambling falls outside the jurisdiction of US commodities law, potentially creating a legal gray area around enforcement on decentralized prediction markets.
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