Sportradar Faces Securities Fraud Allegations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: PRnewswire
- Securities Fraud Lawsuit: Sportradar Group AG is facing a securities fraud lawsuit for allegedly aiding illegal gambling, with investors urged to act by July 17, 2026, highlighting the legal risks and potential financial repercussions for the company.
- Significant Stock Drop: On April 22, 2026, Sportradar's stock plummeted from $16.84 to $13.04 per share, a 22.6% decline, primarily due to a report by Muddy Waters revealing that the company's business model relies on illegal operators, undermining investor confidence.
- Revenue Source Controversy: The report indicated that 20-40% of Sportradar's revenue comes from illegal markets, with evidence of partnerships with nearly 50 illegal clients, which not only tarnishes the company's reputation but may also lead to further regulatory scrutiny.
- Increased Regulatory Scrutiny: Three U.S. gambling regulators have initiated reviews into Sportradar, indicating significant compliance challenges that could have far-reaching implications for the company's future operations and market position.
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Analyst Views on SRAD
Wall Street analysts forecast SRAD stock price to rise
14 Analyst Rating
13 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.330
Low
26.00
Averages
32.17
High
37.00
Current: 13.330
Low
26.00
Averages
32.17
High
37.00
About SRAD
Sportradar Group AG is a Switzeland-based technology platform provider. The Company offers platform which enables engagement in sports, and the number one provider of business-to-business (B2B) solutions to the global sports betting industry. It offers integrated sports data and technology platforms whixh simplify its customers’ operations, drive efficiencies and improve fan experiences. The Company’s software solutions address the sports betting value chain from traffic generation and advertising technology, to the collection, processing and extrapolation of data and odds, to visualization solutions, risk management and platform services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sportradar Faces Securities Class Action Lawsuit
- Stock Price Collapse: On April 22, 2026, Sportradar's shares plummeted by 22%, erasing over $800 million in market capitalization, which reflects severe investor concerns regarding the legality of the company's business model and directly impacts market confidence and investor trust.
- Lawsuit Context: The class action lawsuit targets investors who purchased Sportradar Class A shares between November 7, 2024, and April 21, 2026, alleging that the company failed to disclose its collaboration with black-market gambling operators, violating federal securities laws and potentially leading to further investor losses.
- Investigation Progress: Hagens Berman is investigating Sportradar's business practices, accusing the company of operating with illegally obtained revenues without informing investors, which could expose the firm to greater legal risks and financial liabilities.
- Market Reaction: Reports from Muddy Waters and Callisto Research revealed Sportradar's connections to illegal markets, leading to a collapse in investor confidence that may affect the company's future financing and business expansion strategies.
See More
Sportradar Predicts 2026 World Cup to Drive Sports Betting Growth
- Market Growth Expectation: Sportradar predicts that the 2026 FIFA World Cup will be a significant growth moment for sportsbooks, with 62% of American soccer fans expected to place bets during the 39-day tournament, driving historic scale across casual, active, and high-value bettors.
- First-Time Betting Opportunity: The report highlights that 29% of Americans plan to place their first-ever sports bet during the World Cup, creating a unique acquisition window for sportsbooks with minimal brand loyalty, allowing them to attract new users.
- Increased Betting Frequency: Over 50% of soccer bettors intend to bet more than usual during the World Cup, which will enhance in-play activity and customer lifetime value, further boosting market engagement.
- Marketing Strategy Implementation: Sportradar will leverage its marketing stack, including exclusive sports data, audience identity matching, and real-time activation, to capture the opportunities presented by the World Cup, ensuring maximum customer engagement during the event.
See More
Sportradar Group Faces Class Action for Securities Fraud Amid Stock Plunge
- Securities Fraud Allegations: Sportradar Group and its executives are facing a class action lawsuit for securities fraud, accused of profiting from illegal gambling activities, which led to a 22.6% stock drop on April 22, 2026, from $16.84 to $13.04 per share, severely impacting investor confidence.
- Lawsuit Details: The lead plaintiff deadline is set for July 17, 2026, with the case filed in the U.S. District Court for the Southern District of New York, based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, reflecting investor concerns over the company's compliance.
- Market Reaction Analysis: Reports from Muddy Waters and Callisto Research revealed that Sportradar relies on illegal operators, estimating that illegal revenue constitutes 20-40% of total income; this disclosure intensified market skepticism about its business model, resulting in a significant stock price decline.
- Regulatory Scrutiny Initiated: Three U.S. gambling regulators have commenced reviews into Sportradar, increasing the legal and compliance risks the company faces, which could adversely affect its future market position and business development.
See More
Sportradar Group Faces Class Action Lawsuit
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Sportradar Group for violations of §§10(b) and 20(a) of the Securities Exchange Act, covering securities purchased from November 7, 2024, to April 21, 2026.
- False Statement Allegations: The complaint alleges that Sportradar misled the market by claiming compliance with legal standards while actually collaborating with black-market gambling organizations, rendering its public statements false and materially misleading throughout the class period.
- Investor Losses: As the truth about Sportradar emerged, investors suffered significant losses, prompting the Schall Law Firm to encourage affected shareholders to reach out before July 17, 2026, to participate in the lawsuit.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations, allowing investors to contact them via phone or website to understand their rights and join the lawsuit for potential recovery of losses.
See More
Sportradar Group Securities Class Action Reminder
- Filing Deadline: Investors must file lead plaintiff applications in the securities class action against Sportradar Group by July 17, 2026, for shares purchased between November 7, 2024, and April 21, 2026, or risk losing their right to recover losses.
- Legal Allegations: Sportradar and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including allegations of intentionally collaborating with black-market gambling operators to boost revenues despite claims of strict compliance.
- Compliance Issues: The lawsuit highlights that Sportradar's Know-Your-Customer and compliance processes were not as robust as claimed, rendering the company's statements about its business operations and prospects materially false and misleading, lacking a reasonable basis.
- Law Firm Profile: Kahn Swick & Foti, LLC is recognized as one of the premier boutique securities litigation law firms in the U.S., ranked among the top ten nationally based on total settlement value, demonstrating its expertise and influence in seeking recoveries for clients affected by corporate fraud.
See More
Class Action Lawsuit Announced for Sportradar Group AG
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased Class A ordinary shares of Sportradar Group AG (NASDAQ: SRAD) between November 7, 2024, and April 21, 2026, indicating misleading statements that may have caused investor losses during this period.
- Compensation Structure: Investors participating in the lawsuit may be entitled to compensation without any upfront costs, highlighting Rosen Law Firm's contingency fee arrangement that reduces financial burdens on investors and encourages broader participation from affected parties.
- Legal Compliance Issues: The lawsuit alleges that Sportradar intentionally collaborated with black-market gambling operators to boost revenues, despite claims of strict legal compliance, which, if proven true, could severely damage the company's reputation and operational future, potentially leading to broader legal repercussions.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and resource advantages in handling similar cases effectively.
See More
Sportradar Faces Securities Class Action Lawsuit
- Stock Price Collapse: On April 22, 2026, Sportradar's shares plummeted by 22%, erasing over $800 million in market capitalization, which reflects severe investor concerns regarding the legality of the company's business model and directly impacts market confidence and investor trust.
- Lawsuit Context: The class action lawsuit targets investors who purchased Sportradar Class A shares between November 7, 2024, and April 21, 2026, alleging that the company failed to disclose its collaboration with black-market gambling operators, violating federal securities laws and potentially leading to further investor losses.
- Investigation Progress: Hagens Berman is investigating Sportradar's business practices, accusing the company of operating with illegally obtained revenues without informing investors, which could expose the firm to greater legal risks and financial liabilities.
- Market Reaction: Reports from Muddy Waters and Callisto Research revealed Sportradar's connections to illegal markets, leading to a collapse in investor confidence that may affect the company's future financing and business expansion strategies.
See More
Sportradar Predicts 2026 World Cup to Drive Sports Betting Growth
- Market Growth Expectation: Sportradar predicts that the 2026 FIFA World Cup will be a significant growth moment for sportsbooks, with 62% of American soccer fans expected to place bets during the 39-day tournament, driving historic scale across casual, active, and high-value bettors.
- First-Time Betting Opportunity: The report highlights that 29% of Americans plan to place their first-ever sports bet during the World Cup, creating a unique acquisition window for sportsbooks with minimal brand loyalty, allowing them to attract new users.
- Increased Betting Frequency: Over 50% of soccer bettors intend to bet more than usual during the World Cup, which will enhance in-play activity and customer lifetime value, further boosting market engagement.
- Marketing Strategy Implementation: Sportradar will leverage its marketing stack, including exclusive sports data, audience identity matching, and real-time activation, to capture the opportunities presented by the World Cup, ensuring maximum customer engagement during the event.
See More
Sportradar Group Faces Class Action for Securities Fraud Amid Stock Plunge
- Securities Fraud Allegations: Sportradar Group and its executives are facing a class action lawsuit for securities fraud, accused of profiting from illegal gambling activities, which led to a 22.6% stock drop on April 22, 2026, from $16.84 to $13.04 per share, severely impacting investor confidence.
- Lawsuit Details: The lead plaintiff deadline is set for July 17, 2026, with the case filed in the U.S. District Court for the Southern District of New York, based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, reflecting investor concerns over the company's compliance.
- Market Reaction Analysis: Reports from Muddy Waters and Callisto Research revealed that Sportradar relies on illegal operators, estimating that illegal revenue constitutes 20-40% of total income; this disclosure intensified market skepticism about its business model, resulting in a significant stock price decline.
- Regulatory Scrutiny Initiated: Three U.S. gambling regulators have commenced reviews into Sportradar, increasing the legal and compliance risks the company faces, which could adversely affect its future market position and business development.
See More
Sportradar Group Faces Class Action Lawsuit
- Class Action Reminder: The Schall Law Firm has alerted investors about a class action lawsuit against Sportradar Group for violations of §§10(b) and 20(a) of the Securities Exchange Act, covering securities purchased from November 7, 2024, to April 21, 2026.
- False Statement Allegations: The complaint alleges that Sportradar misled the market by claiming compliance with legal standards while actually collaborating with black-market gambling organizations, rendering its public statements false and materially misleading throughout the class period.
- Investor Losses: As the truth about Sportradar emerged, investors suffered significant losses, prompting the Schall Law Firm to encourage affected shareholders to reach out before July 17, 2026, to participate in the lawsuit.
- Legal Consultation Opportunity: The Schall Law Firm offers free legal consultations, allowing investors to contact them via phone or website to understand their rights and join the lawsuit for potential recovery of losses.
See More
Sportradar Group Securities Class Action Reminder
- Filing Deadline: Investors must file lead plaintiff applications in the securities class action against Sportradar Group by July 17, 2026, for shares purchased between November 7, 2024, and April 21, 2026, or risk losing their right to recover losses.
- Legal Allegations: Sportradar and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including allegations of intentionally collaborating with black-market gambling operators to boost revenues despite claims of strict compliance.
- Compliance Issues: The lawsuit highlights that Sportradar's Know-Your-Customer and compliance processes were not as robust as claimed, rendering the company's statements about its business operations and prospects materially false and misleading, lacking a reasonable basis.
- Law Firm Profile: Kahn Swick & Foti, LLC is recognized as one of the premier boutique securities litigation law firms in the U.S., ranked among the top ten nationally based on total settlement value, demonstrating its expertise and influence in seeking recoveries for clients affected by corporate fraud.
See More
Class Action Lawsuit Announced for Sportradar Group AG
- Class Action Initiation: Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased Class A ordinary shares of Sportradar Group AG (NASDAQ: SRAD) between November 7, 2024, and April 21, 2026, indicating misleading statements that may have caused investor losses during this period.
- Compensation Structure: Investors participating in the lawsuit may be entitled to compensation without any upfront costs, highlighting Rosen Law Firm's contingency fee arrangement that reduces financial burdens on investors and encourages broader participation from affected parties.
- Legal Compliance Issues: The lawsuit alleges that Sportradar intentionally collaborated with black-market gambling operators to boost revenues, despite claims of strict legal compliance, which, if proven true, could severely damage the company's reputation and operational future, potentially leading to broader legal repercussions.
- Law Firm Credentials: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and resource advantages in handling similar cases effectively.
See More
