AI Summary

Google engineer Michele Spagnuolo, who was placed on leave after being arrested in May on allegations of insider trading via the prediction‑market platform Polymarket, has had his legal team file a motion to dismiss the charges. The defense argues that the bets he placed under the alias “AlphaRaccoon” were not regulated financial instruments but ordinary international wagers beyond U.S. jurisdiction. Prosecutors allege he used confidential Google information to profit more than $1.2 million, including a correct wager that singer D4vd would become Google’s most‑searched person of 2025. The complaint lists charges of commodities fraud, wire fraud and money laundering.

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