Sportradar ($SRAD) Black-Market Gambling Operator Revenue Case

Investors can submit applications for the lead plaintiff role.

S.D. New York

Court

1:26-cv-04112

Case number

11/07/2024

Class period Start

04/21/2026

Class period End

07/17/2026

Lead Plaintiff motion deadline

$SRAD investors filed a claim against Sportradar for allegedly working with black-market gambling operators while telling investors it had strong compliance and KYC controls.
After Muddy Waters Research and Callisto Research published reports about Sportradar’s alleged ties to illegal gambling operators, $SRAD fell 22.6% on April 22, 2026.
$SRAD investors can join this case to be notified about potential recovery.
Case Details:

Between November 7, 2024 and April 21, 2026, Sportradar told investors it had obtained the licenses and approvals needed for its operations and made good-faith efforts to comply with local requirements. Executives emphasized the company’s “four-level process,” intensive KYC reviews, global compliance team, and internal audits, reinforcing that Sportradar worked only with licensed operators.

However, during this period, investors allege Sportradar was intentionally doing business with black-market gambling operators to increase revenue. Sportradar allegedly failed to disclose it worked with illegal gambling operators despite public assurances about compliance and ethics; its KYC and compliance processes were weaker than investors were told, and its statements about the business and outlook lacked a reasonable basis.

Then, on April 22, 2026, Muddy Waters Research and Callisto Research published reports alleging Sportradar had ties to illegal gambling platforms and operators in black and gray markets. 

$SRAD fell $3.80 per share, or 22.6%, closing at $13.04. 

The reports alleged that more than 270 platforms used or claimed to use Sportradar products while operating illegally, and that regulators in North America and Europe had begun reviews.

Based on these events, $SRAD investors filed a claim against Sportradar, alleging the company:
It hid illegal-market exposure.
It overstated the strength of its KYC, compliance, and monitoring processes.
It caused investors to reassess the company when reports revealed alleged ties to illegal gambling operators.
Investors argue Sportradar misled the market about its compliance controls and exposure to black-market gambling revenue, causing losses when the truth emerged.

Case Type

US Securities Class Action

Case Status

Lead Plaintiff Submission

Alleged Offence

Misleading Statements,

Fraud,

Failure to Disclose,

Omissions

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

04/22/2026

Filing date

05/18/2026

Lead Plaintiff Deadline

07/17/2026

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