A Google engineer used internal search data to bet $2.7m on Polymarket. The DOJ has charged him.


Michele Spagnuolo allegedly traded under the handle ‘AlphaRaccoon’, netting $1.2m on Google’s Year-in-Search outcomes. It is the second federal criminal case tied to Polymarket.


Federal prosecutors in the Southern District of New York have charged Michele Spagnuolo, a 36-year-old Google information-security engineer based in Switzerland, with using internal Google search-trend data to bet $2.7m on Polymarket and profit $1.2m on the prediction-market platform’s 2025 Google Year-in-Search contracts.

The case, announced on Tuesday, is the second federal criminal prosecution connected to trading on Polymarket and the first in which the misappropriated information comes from inside a major Silicon Valley platform.

The mechanics are unusually specific. Polymarket ran a market in late 2025 on who would top Google’s Year-in-Search list, the company’s annual recap of the most-searched terms and people.

Spagnuolo, prosecutors allege, used an internal Google tool to access non-public search-trend data and then placed 25 separate bets on the market under an account named “AlphaRaccoon.”

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He bet nearly $1m that Kanye West’s wife Bianca Censori would not finish top, more than $600,000 that Pope Leo XIV would not finish top, and a meaningful position on the singer D4vd to finish top at a price Polymarket had set at near-zero probability.

D4vd won when Google announced the results on 4 December 2025. Spagnuolo’s AlphaRaccoon account profited $1.2m. He subsequently removed the AlphaRaccoon name from his Polymarket account and moved his winnings out of the associated cryptocurrency wallet.

The charges are commodities fraud, wire fraud and money laundering. The Commodity Futures Trading Commission has brought a parallel civil case.

The SDNY filing, supported by the FBI investigation, is the most concrete public application yet of US securities-style insider-trading law to a prediction-market trade.

The legal framing is novel because Polymarket’s event contracts are regulated by the CFTC as derivatives rather than by the SEC as securities; insider-trading liability has historically attached most readily to the securities regime.

Prosecutors have got around that by using the commodities-fraud statute, which applies to manipulation across any CFTC-regulated market.

The Spagnuolo case lands inside a Polymarket regulatory squeeze that has been visibly tightening for weeks.

The US House Oversight Committee, chaired by James Comer, opened a probe last Friday into how Polymarket and Kalshi customers might be using non-public information to trade.

Spain blocked both platforms entirely on Tuesday on gambling-licence grounds. India formally blocked Polymarket on 21 May.

A US soldier was charged earlier this year with using inside information to bet on Venezuelan political outcomes, netting roughly $400,000, in what was until Tuesday the only public criminal Polymarket case.

The Spagnuolo charges make it two, and the prosecution has elevated significantly: a senior Silicon Valley engineer rather than a single soldier.

The Polymarket side of the story is the part the company will be working through internally. Polymarket founder Shayne Coplan pushed back publicly on the broader insider-trading framing of the Comer probe on Tuesday, arguing that the platform’s pricing dynamics are robust to small numbers of informed traders.

Whether that argument survives the Spagnuolo prosecution is the open commercial question. The Year-in-Search market specifically was reportedly small enough that a $2.7m position was visible inside the order book; Polymarket’s surveillance team has not publicly explained why the position was not flagged before the December 2025 results.

Spagnuolo was arrested in Switzerland and is reported to be cooperating with the extradition process. Google has not yet commented on whether it intends to bring civil action of its own against the former employee.



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The Toyota Corolla Cross Hybrid has quickly become the default choice for buyers looking to step into an affordable hybrid SUV. It’s practical, efficient, and backed by a reputation that makes it an easy recommendation. But when you look beyond the badge, it’s no longer the clear-cut value leader it appears to be.

One Korean rival from Kia quietly outperforms it where it matters most. It’s cheaper to buy, significantly more fuel-efficient, and offers a more refined and spacious experience, despite targeting the same budget-conscious buyers. Instead of just meeting expectations, it raises them for what an entry-level hybrid SUV should deliver.

That’s what makes this comparison so one-sided. When a vehicle costs less while doing more, using less fuel, offering more room, and feeling more polished, it stops being an alternative and starts looking like the obvious choice.

In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites, including the EPA.


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There aren’t many small hybrid SUVs, but the Kia Niro is the best

Easily the most budget-friendly crossover on the market

Hybrid crossovers are a really attractive proposition. You get the added practicality of an SUV and fuel efficiency that keeps your monthly fuel bills low. Perhaps the most obvious choice here, especially if you’re on a tight budget, is the Toyota Corolla Cross Hybrid. However, if you’re looking for the best bang for your buck, and the most efficiency, then the Kia Niro remains king of the subcompact SUV segment.

2026 Kia Niro Hybrid trims and pricing

Models

Starting MSRP

LX

$27,390

EX

$30,190

SX

$33,390

SX Touring

$35,790

As we’ve already mentioned, the Corolla Cross Hybrid is kind of the benchmark for small hybrid SUVs, with its badge definitely helping make it so popular. The Toyota has a starting price of $29,395, meaning it is just over $2,000 more expensive than the Kia. Despite this, we think even the most affordable Niro Hybrid feels more refined, better equipped, and, to top it all off, its more efficient.

With the Niro being one of the most affordable crossovers on the market, you have a little wiggle room when it comes to trims. We still wouldn’t climb the ladder far, as we think the EX offers the best bang for your buck. It comes with niceties like a smartphone charging pad, faux-leather upholstery, and an upgraded infotainment screen. The Premium package is also definitely worth the extra $2,000, adding things like a panoramic sunroof, a power-operated tailgate, and a premium sound system.


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Neither are particularly entertaining, but the Niro is lighter on fuel

Beating Toyota at the hybrid game isn’t easy

Toyota is one of the most experienced automakers out there when it comes to building hybrid powertrains, with the Japanese brand being a big proponent of the setup. This is why it’s so impressive that the little Niro comes out ahead when it comes to efficiency. On top of this, Kia has delivered a more refined driving experience that feels better than you’d expect considering the price you pay.

Kia Niro Hybrid performance and efficiency


980919-1.jpg

kia-logo.jpeg

Base Trim Engine

1.6L I4 Hybrid

Base Trim Transmission

6-speed auto-shift manual

Base Trim Drivetrain

Front-Wheel Drive

Base Trim Horsepower

103.5 HP @5700 RPM

Base Trim Torque

106.3 lb.-ft. @ 4000 RPM

Base Trim Fuel Economy (city/highway/combined)

53/54/53 MPG

Base Trim Battery Type

Lithium polymer (LiPo)

Make

Kia

Model

Niro



The Corolla Cross Hybrid has a little more grunt than the Kia, putting down 196 horsepower versus the Niro’s dinky 139 horses. The 1.6-liter engine in the Korean crossover is an underachiever, which is why it takes around 8.9 seconds to get up to 60 miles per hour. With both of these crossovers being more urban crawlers than highway cruisers, we don’t think that lack of power is the end of the world.

There really isn’t a winner when it comes to driving engagement here, with both small SUVs being exceptionally dull to drive. However, the Kia Niro does come feature a pretty plush ride quality. It also gets a six-speed DCT instead of the CVT in the Corolla, which results in less droning when accelerating, resulting in a more refined experience.

Fuel economy

Model

City

Highway

Combined

Kia Niro FE

53 MPG

54 MPG

53 MPG

Kia Niro

53 MPG

45 MPG

49 MPG

Toyota Corolla Cross Hybrid

46 MPG

39 MPG

42 MPG

Efficiency is a massive reason to pick a Kia Niro over a Corolla Cross Hybrid. The base model Niro is rated for up to 53 miles per gallon combined, with every other model managing 49 miles per gallon combined. This means that even the least efficient Niro is rated to get seven more miles per gallon than a Toyota Corolla Cross Hybrid.


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Kia delivers a sleek and stylish interior in the 2026 Niro

Meanwhile, the Corolla Cross is a bit boring

Toyota has always been known to value simplicity, and this has often resulted in somewhat underwhelming interiors. While there isn’t anything wrong with the cabin of the Corolla Cross, and it does come well-equipped, it does lean a little too far in the utilitarian direction. The Niro, on the other hand, finds a good middle ground between simplicity and modernity.

Interior dimensions and comfort

Model

Kia Niro Hybrid

Toyota Corolla Cross Hybrid

Front row headroom

40.5 inches

38.6 inches

Front row legroom

41.5 inches

42.9 inches

Second row headroom

39.6 inches

39 inches

Second row legroom

39.8 inches

32 inches

Cargo capacity (behind second row)

22.8 cubic feet

21.5 cubic feet

Both the Niro and the Corolla Cross feel very practical for cheap subcompact SUVs, but the Kia has a pretty clear advantage. The Niro offers a much more spacious rear row of seats, with tons of legroom. You’d have no problem fitting even particularly tall passengers in the rear seats. It also does have a slightly more spacious cargo hold, though the difference here is much smaller.

Both the Corolla Cross and Niro have similar philosophies regarding interior design, but with some differences in execution. Both aim for basic functionality, but the Kia does it in a much more contemporary way. It’s obvious at all times that both crossovers are budget-oriented, in no small part thanks to the cheap plastics used, but build quality is good. The Kia also offers a few upscale touches that put it ahead of its Japanese rival, especially on higher trim levels.

Infotainment and technology

There is very little competition between the Niro and Corolla Cross when it comes to tech features. Both come standard with an eight-inch infotainment screen to start, with a 10.3-inch screen available on every trim but the base Niro and a 10.5-inch screen being optional in the Corolla Cross.

The two budget crossovers are fairly evenly matched when it comes to other tech features. Things like smartphone mirroring and a wireless smartphone charging pad are available on the Kia and Toyota. One key difference is the optional sound systems, with the Niro’s seven-speaker Harman/Kardon sound system performing much better than the optional JBL system in the Corolla Cross.


Cheaper, more efficient, and more refined

When comparing these two small crossovers side-by-side, it’s really hard to make a case for the Toyota. The Corolla Cross does have more power and comes with the peace of mind you get from the Toyota badge, but in just about every other way the Kia feels like the better deal. For less money, you’re getting a crossover that is more spacious, less boring on the inside, and far more efficient. In just about every way, the Niro is a more successful budget hybrid crossover.



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