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.