Bobby Allen
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Michele Spagnuolo is an Italian Google software engineer residing in Switzerland.
Federal prosecutors say he gained access to internal documents showing who would be the most Googled person of the year in 2025.
That led to $1.2 million in profit on Polymarket.
He now faces commodities fraud, wire fraud, and money laundering charges.
He had an initial court appearance in New York and has been released on bail.
military official was charged with profiting off of classified information about the capture of Venezuelan leader Nicolás Maduro.
President Trump has vowed that prediction markets would thrive in his term.
Despite the two cases, his administration has taken a mostly light touch approach to the controversial industry.
Trump wrote in a Truth Social post that companies like Kalshi and Polymarket will thrive under his leadership.
The administration has rolled back regulations and sued states that have attempted to apply gambling laws to the sites.
Trump's son, Donald Trump Jr., is an advisor to Cauchy and Polymarket, and his venture capital firm, 1789 Capital, is a major Polymarket investor.
Google says its search box is getting bigger and more interactive with more AI answers.
Analysts say the changes will allow Google to make more money from ads, which will also soon be generated by AI.
For online publishers, the shakeup may be ruinous.
According to data from SimilarWeb, nearly 70% of searches related to the news now do not result in a page visit.
That translates to a significant drop in advertising revenue.