Apparently insider trading is now illegal

from ABC News: A Google employee fraudulently made more than $1 million by using inside information to place Polymarket bets on what users were searching for on Google, according to a federal criminal complaint unsealed Wednesday in New York. ...Spagnuolo, 36, is charged with commodities fraud, wire fraud and money laundering."Unlike the counterparties to his trades, Spagnuolo knew the outcome of these wagers before the trading public did because he had accessed Google's confidential, commercially valuable internal data," the complaint said. He correctly bet -- using an account under the name AlphaRaccoon -- that Google's most-searched person in 2025 would be the singer known as D4vd, according to the complaint. At the time he placed that bet, the prediction market Polymarket "assigned a near-zero probability to d4vd being 'the #1 searched person on Google this year,'" the complaint said. A few things surprise me about this story.Two or three months ago, I was at a neighborhood…