FRANKFURT/DUESSELDORF, Sept 2 German financial
watchdog Bafin on Tuesday said it is checking the circumstances
behind Tipp24 regulatory disclosures for possible
violation of market rules.
The Internet lottery company issued a profit warning based
on a reported jackpot on Sunday only to withdraw the warning on
Monday, saying the reported jackpot win had been mistaken.
"We are taking a look to see if market manipulation may have
been involved," a Bafin spokeswoman said.
A Tipp24 spokesman said the Bafin probe was routine and the
company was not concerned by the development.
(Reporting by Jonathan Gould and Anneli Palmen; Editing by