Legal tracker / CFTC v. Spagnuolo (alleged insider trading on Polymarket)
Case · as of Oct 15, 2026
CFTC v. Spagnuolo (alleged insider trading on Polymarket)
Pending Charged — pending
The CFTC alleges a Google software engineer misappropriated confidential 2025 'Year in Search' results to trade more than 20 Polymarket contracts with near-perfect accuracy, making about $1.2 million. The CFTC said the S.D.N.Y. U.S. Attorney's Office brought parallel criminal charges. Later proceedings not verified.
Case record last checked against its sources on May 27, 2026.
| Case | Commodity Futures Trading Commission v. Spagnuolo |
| Court | U.S. District Court for the Southern District of New York |
| Docket | 26-cv-04419 (S.D.N.Y.) |
| Filed | May 27, 2026 |
| Type | Enforcement |
| Companies | Polymarket |
| Other side | CFTC v. Michele Spagnuolo (parallel S.D.N.Y. criminal action per CFTC) |
| Last action | May 27, 2026: CFTC complaint filed. |
History
Newest first.
| Date | What happened |
|---|---|
| May 27, 2026 | CFTC complaint filed; parallel criminal action announced. |
Sources
- CFTC press release 9237-26 (Spagnuolo charges) (primary)
- CFTC complaint vs. Spagnuolo (PDF) (primary)
CFTC v. Spagnuolo (alleged insider trading on Polymarket): questions
What is the status of CFTC v. Spagnuolo (alleged insider trading on Polymarket)?
Charged — pending. The CFTC alleges a Google software engineer misappropriated confidential 2025 'Year in Search' results to trade more than 20 Polymarket contracts with near-perfect accuracy, making about $1.2 million. The CFTC said the S.D.N.Y. U.S. Attorney's Office brought parallel criminal charges. Later proceedings not verified.
What happened most recently in CFTC v. Spagnuolo (alleged insider trading on Polymarket)?
May 27, 2026: CFTC complaint filed.
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