Sportradar Faces Class Action Lawsuit Over Alleged Gambling Ties

Investors who purchased Sportradar Group AG shares between November 7, 2024, and April 21, 2026, are now eligible to join a securities fraud class action lawsuit. The filing, led by Kessler Topaz Meltzer & Check, LLP, follows allegations that the company intentionally facilitated black-market gambling operations to inflate its revenue.

The lawsuit, Smale v. Sportradar Group AG, filed in the U.S. District Court for the Southern District of New York, claims the company misled shareholders regarding its regulatory compliance and internal Know-Your-Customer processes. According to the complaint, Sportradar maintained a business strategy of supporting illegal gambling markets while publicly asserting a commitment to integrity and legal standards.

Market scrutiny intensified on April 22, 2026, when investigative reports from Muddy Waters Research and Callisto Research were released. These reports alleged that Sportradar products were being utilized by over 270 platforms operating in prohibited or unregulated markets. Following the disclosure, the company's stock price dropped by approximately 22.6%, falling from $16.84 to $13.04 per share. Investors seeking to serve as lead plaintiff in the litigation must file their motions with the court by July 17, 2026.