The legal action, filed by Pomerantz LLP, targets Sportradar and certain executives over allegations of securities fraud and unlawful business practices. The claims center on reports released on April 22, 2026, by Muddy Waters and Callisto Research, which suggested that a significant portion of the company’s revenue—estimated between 20% and 40%—relies on black and grey market operators. Muddy Waters characterized these ties not as oversight, but as a deliberate business strategy. Simultaneously, Callisto Research alleged that the company maintains connections to sanctioned parties and criminal entities, noting that at least three U.S. gambling regulators have initiated reviews into these activities.

Following the publication of these reports, Sportradar shares plummeted by $3.80, closing at $13.04. Investors who purchased or acquired securities during the specified class period are encouraged to contact Danielle Peyton at Pomerantz LLP for further details regarding the complaint and the lead plaintiff process. The firm, which specializes in corporate and securities litigation, is currently managing the filing as the court-mandated deadline approaches.