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Michele Spagnuolo

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Google engineer's lawyers argue Polymarket bets aren't regulated swaps

Michele Spagnuolo, the Google engineer charged with insider trading over Polymarket wagers, has filed a motion to dismiss the case. His attorneys don't dispute he profited using internal Google information, but argue his bets—including one on singer D4vd becoming Google's most-searched person of 2025—were unregulated gambling, not financial instruments covered by the Commodities Exchange Act.