How a Google Engineer Made $1M on Polymarket (And How the CFTC Caught Him) | Ethicast Reacts

A Google information security engineer with access to the company's internal search trend data allegedly used that data to place 23 Polymarket bets — and won 22 of them, netting nearly $1 million. His handle was AlphaRaccoon. The CFTC and DOJ aren't laughing. In this episode of Ethicast Reacts, host Bill Coffin and Ethisphere Chief Strategy Officer Erica Salmon-Byrne break down the charges — commodities fraud, wire fraud, and money laundering — and what the case reveals about a risk most ethics and compliance teams haven't fully mapped yet. This is the fourth prediction market episode of Ethicast Reacts so far, and if the headlines are any indicator, it won't be the last. Chapters (00:00:00) - Introduction and case overview(00:04:13) - How Polymarket users flagged Alpha Raccoon to the FBI(00:06:08) - What Google did right (and why the CFTC cited it)(00:09:22) - What companies should be monitoring right now(00:12:08) - The fraud triangle applied to prediction markets(00:14:46) - Who should own prediction market risk inside your organization(00:17:37) - How E&C teams can get out in front of this