Federal regulators say a Google software engineer secretly used internal company information to place highly successful bets on Polymarket contracts tied to Google’s annual Year in Search rankings. The Commodity Futures Trading Commission (CFTC) said Wednesday (May 27) that it filed a civil complaint in federal court in Manhattan against Michele Spagnuolo, a Swiss resident who worked at Google during the period covered in the case. According to the agency, Spagnuolo allegedly accessed confidential search ranking information before Google publicly released its 2025 Year in Search list and then used that information to trade prediction-market contracts. The complaint says Spagnuolo “acquired sensitive nonpublic information concerning the results of Google’s official Year in Search list for 2025” through his work at Google. Regulators said he was obligated to keep that information confidential and avoid using it for personal gain.…