The lawsuit, filed by Pomerantz LLP, stems from investigative reports released on April 22, 2026, by Muddy Waters and Callisto Research. These firms alleged that Sportradar’s business strategy relies heavily on black and grey market operators, with estimates suggesting that between 20% and 40% of the company’s revenue may be linked to unlicensed gambling platforms. Callisto Research further claimed that U.S. regulators have already initiated reviews into the company’s operations.

Following these disclosures, Sportradar shares dropped $3.80, closing at $13.04. Investors who acquired securities during the relevant class period are encouraged to contact Danielle Peyton at Pomerantz LLP to discuss their potential participation in the litigation. The firm, which maintains offices globally, is seeking to hold the company and its leadership accountable for alleged violations of securities laws.