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Famed Short Seller Wins Bloomberg NCAA Tournament Challenge

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Basketball Betting at All Time High

Jim Chanos has made a career on Wall Street out of betting against the crowd. In basketball, going with a favorite made him a winner.

Chanos, the short-seller who runs Kynikos Associates, correctly picked a No. 1 seed, University of Virginia, to win this year’s NCAA Basketball Tournament, giving him the victory over fellow Wall Street titans in Bloomberg’s Brackets for a Cause.