Alphabet unit Google has lost a legal case in Europe to avoid paying a substantial fine worth $854,250 tied to the company’s alleged advertising of illegal gambling on YouTube, its video-sharing platform.
After securing a landmark ruling against social media companies, gambling companies are in the crosshairs of legal firms. The “addictive design” argument that proved successful against Google and Meta is also being used against betting operators.
Google employee Michele Spagnuolo has been charged with using insider information to wager on search-related markets at Polymarket.
A Google employee is being sued by the CFTC for allegedly using confidential information to earn over $1 million on Polymarket.
