Kirby McInerney LLP has reminded investors in Sportradar Group AG (NASDAQ:SRAD) that a July 17, 2026 deadline is approaching to seek the role of lead plaintiff in a pending federal securities class action. The lawsuit covers investors who purchased Sportradar securities between November 7, 2024 and April 21, 2026.
The complaint alleges that Sportradar knowingly worked with black-market gambling operators to boost revenue, despite publicly claiming strict legal compliance and ethical operations. It also claims the company's "Know Your Customer" and compliance processes were not as robust as represented.
On April 22, 2026, short seller Muddy Waters Research published a report alleging that Sportradar "has actively aided and abetted illegal gambling across the world's black and grey markets." The same day, another short seller, Callisto Research, released evidence suggesting that one-third of platforms Sportradar claims to serve were either using its products while operating illegally, or explicitly claiming to do so. Callisto estimated that 30-40% of Sportradar's revenue came from unlicensed operators. Three U.S. gambling regulators have reportedly opened reviews into the company.
Following these reports, Sportradar's stock price fell 23%, from $16.84 per share on April 21 to $13.04 on April 22.
Interested parties can contact Lauren Molinaro of Kirby McInerney LLP at [email protected].
Originally reported by Caledonian Record.
Photo: Maxim Hopman via Unsplash. Photo is illustrative and not from the scene.
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