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59 The first U.S. insider trading case tied to a prediction market isn’t really about a Google engineer’s $1.2M — it’s about what blockchain pseudonymity actually does when prosecutors come knocking

Silicon Canals
Silicon Canals Editorial Team @ Silicon Canals 1 place · today 09:11 EDT

The first U.S. insider trading case tied to a prediction market isn’t really about a Google engineer’s $1.2M — it’s about what blockchain pseudonymity actually does when prosecutors come knocking

The U.S. Justice Department has charged a 12-year Google software engineer with insider trading for allegedly converting confidential internal search data into $1.2 million in profits on the prediction market platform Polymarket, according to TechCrunch . It is the first time cooperation from a prediction platform has produced insider trading charges in the United States.

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