Sportradar Faces Class Action Lawsuit After Allegations of Ties to Illegal Betting Market

Law firm Bleichmar Fonti & Auld LLP said it has launched an investigation into Sportradar Group AG over potential securities fraud in a statement.

The probe focuses on whether Sportradar may have misled investors about its revenue structure and the nature of its client relationships. If violations are identified, the firm said it is considering a class action lawsuit on behalf of investors who suffered losses.

The review was triggered by a sharp decline in Sportradar’s shares on April 22, which fell about 22–23% in a single day. The drop followed reports by research firms Muddy Waters Research and Callisto Research.

The reports alleged that the company may have generated a significant portion of its revenue through cooperation with operators active in illegal or lightly regulated markets. They also cited Sportradar’s alleged links to several Russian bookmakers.

Following this, Bleichmar Fonti & Auld LLP has begun collecting information from investors who may have incurred losses and is inviting them to join the potential lawsuit.

Sportradar’s share price fell from $16.84 to $13.04 following the release of the reports.

Sportradar has rejected the allegations, stating that it works exclusively with licensed operators and complies with applicable regulations.

Earlier, Gambling Park noted that a bookmaker software developer has filed lawsuits against Sportradar over monopoly allegations.