September 10, 2014 / 5:00 PM / 5 years ago

Short seller Carson Block says firm bets against China's

Sept 10 (Reuters) - Famed U.S. short seller Carson Block, head of research firm Muddy Waters LLC, is shorting Chinese online lottery platform, Block said on Wednesday.

Block, who has exposed accounting problems at a slew of Chinese companies, said the lottery company had some “red flags,” including an uncertain regulatory environment. He spoke on the sidelines at a public event at Baruch College on Wednesday.

“We’re short it,” Block said. “As we termed it, it’s in a legally somewhat gray area because the licensing regime is not clear, is not finalized.”

Block first said he was shorting the stock at a conference earlier in the week as well, though that conference was not public. (Reporting By Luciana Lopez; Editing by Cynthia Osterman)

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