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Google engineer charged with insider trading after making $1.2M on Polymarket

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The U.S. Justice Department charged Google software engineer Michele Spagnuolo with insider trading, alleging the employee made $1.2 million trading on Polymarket based on confidential business information.

Spagnuolo, who used the name “AlphaRaccoon” on Polymarket, has worked at Google for over 12 years, according to information on LinkedIn.

“As alleged, Spagnuolo violated the duties he owed to his employer and used Google’s confidential business information to make more than $1.2 million in trading profits on Polymarket,” Jay Clayton, the United States Attorney for the Southern District of New York, said in a press release. “Insider trading compromises the integrity of our markets, and the American people want this greed-driven conduct investigated and prosecuted.”

Prediction markets like Polymarket, Kalshi, and others allow users to bet on pretty much anything. Insider trading is not allowed on these platforms because it’s illegal, but some users still commit the offense. The Justice Department recently charged a U.S. Army soldier for allegedly using his insider knowledge of the U.S. military operation to capture Venezuelan president Nicolás Maduro to make $400,000 on Polymarket.

According to the complaint, Spagnuolo risked over $2.7 million on wagers related to Google’s 2025 Year in Search, a marketing campaign in which Google reveals the world’s most popular searches of the year. Spagnuolo allegedly accessed confidential, internal Google Search data about the most-searched celebrities to inform his bets.

“Polymarket worked closely with the U.S. Attorney’s Office for the Southern District of New York and the CFTC, and is the only prediction platform to date whose cooperation has led to insider trading charges in the United States,” a Polymarket spokesperson told TechCrunch. “Blockchain trading is transparent, traceable, and bad actors leave footprints. We are committed to maintaining accurate, fair, and transparent markets as well as enforcing our rules and working with our regulators and law enforcement.”

A Google spokesperson told TechCrunch the company is working with law enforcement on its investigation.

“The employee accessed our marketing material using a tool available to all employees, but using such confidential information to place bets is a serious breach of our policies,” Google said in an emailed statement, “We’ve placed the employee on leave and will take the appropriate action.”

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EU Parliament condemns ‘ongoing persecution’ of Christians in Nigeria

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The European Union Parliament has denounced the “ongoing persecution” of Christians in Nigeria, citing the recent massacre in Kawel village in Bokkos Local Government Area of Plateau State.

In the text of a milestone resolution adopted this week by 510 votes in favor and 1 against, Members of Parliament (MEPs) conveyed their condolences to the families of the victims.

They expressed their support for the Christian community in Plateau State and reiterated their commitment to defending freedom of thought, conscience, and religion.

The representatives also condemn “the alarming rise” in abductions and the “disproportionate impact” on women and girls, urging the Nigerian authorities to ramp up counter-terrorism measures.

The EU body demands decisive action against Boko Haram and other terror groups, as well as independent investigations to bring the perpetrators to justice and end the culture of impunity.

The Parliament, however, advised the Nigerian government to strengthen its protection of civilians, share early warnings, and invest in regional mediation.

Other recommendations include implementing sustainable land management policies, promoting food security, and addressing the environmental factors underlying conflicts.

The MEPs urged the EU Special Envoy for the Promotion of Freedom of Religion to “pay particular attention to the deteriorating situation of Christians and all persecuted religious communities in Nigeria.”

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Magama/Rijau APC Primary: Court defers ruling on disputed name change in candidate suit

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The legal battle over the All Progressives Congress, APC, primary election for the Magama/Rijau Federal Constituency took a fresh twist on Thursday as the Federal High Court in Minna reserved ruling on an application seeking to amend the plaintiff’s name in the suit challenging the exercise.
Justice Mohammed Aminu Dan-Ige adjourned the matter until July 16, 2026, after hearing arguments from lawyers representing both parties.

The suit, instituted by Alhaji Shehu Samaila Auna, seeks to invalidate the APC primary that produced Professor Yakubu Mohammed Auna as the party’s candidate for the Magama/Rijau Federal Constituency in the 2027 general elections.

Also joined as defendants in the suit, marked FHC/MN/CS/54/2026, are the Independent National Electoral Commission (INEC), Shehu Saleh Slow, Safiyanu Yahaya, Emma Alamu and Sani Doma.

The plaintiff is asking the court to declare the nomination of the APC candidate null and void, contending that the party failed to conduct a valid primary election in line with Sections 84, 86 and 87 of the Electoral Act, 2022.

At Thursday’s proceedings, counsel to the plaintiff, Mohammed Danjuma Abubakar, sought leave of the court to amend the plaintiff’s name as contained in the originating processes.

The request was strongly opposed by defence counsel, Philip Adah, who argued that the application amounted to an afterthought and failed to explain why the name the plaintiff initially swore to should now be altered.

He urged the court to dismiss the application, describing it as legally untenable.

Following submissions from both sides, Justice Dan-Ige fixed July 16 to deliver a ruling on the application.

Addressing journalists after the hearing, Adah insisted that the application lacked merit.

“You cannot simply seek to change the plaintiff’s name at this stage without giving any cogent reason. We believe the application is incompetent and should be struck out,” he said.

However, counsel to the plaintiff declined to comment on the proceedings.

“It is not yet time for me to speak. I will address the press when it becomes necessary. For now, I have nothing to say because the substantive hearing has not commenced,” Abubakar stated.

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