00:00 Speaker A
Now, the next story is uh back to prediction markets where we can’t seem to get away from. Google engineer charged with insider trading on Polymarket. He was charged with commodities fraud, wire fraud, money laundering. His Polymarket username, Alpha Raccoon.
00:20 Speaker A
That’s a good name. I’m going to go with Beta Hedgehog if I ever uh create a Polymarket account where I’m going to do crime.
00:30 Speaker A
But yeah, what he allegedly did was he used internal Google tool to track the most searched for individuals and then he went on to Polymarket and bet on Google’s most searched people of 2025 list. Right?
00:41 Speaker A
I think that uh the insider trading on prediction markets is an unstoppable train, but this guy did it in size. 3.8 million USDC he sent to Polymarket and made a $1.2 million profit. Now, if you were wondering if he knew what he was doing was wrong, because a lot of people say, hey, I didn’t know I was trading on insider information. I didn’t even know that was illegal. Well, he laundered all this money.
01:05 Speaker A
He made it through swap services and privacy tools. So he knew exactly what he was doing, knew he was committing a crime, and he got caught. So this is important because it’s the second major federal arrest. We told you about the arrests surrounding the uh, you know, Maduro and Venezuela news. And we know that we had a soldier that was trading around that with insider knowledge. This is going to continue to be a massive narrative.
