Sportradar_Group_AG faces class action
Analysis based on 7 articles · First reported Jun 03, 2026 · Last updated Jun 04, 2026
The class action lawsuit against Sportradar, following reports of its alleged ties to black-market gambling operators, caused a significant 22.6% drop in Sportradar's Class A ordinary shares. This event highlights the financial risks associated with corporate governance failures and non-compliance, potentially impacting investor confidence in the sports betting data industry.
Robbins LLP has filed a class action lawsuit against Sportradar on behalf of investors who purchased shares between November 7, 2024, and April 21, 2026. The lawsuit alleges that Sportradar intentionally collaborated with black-market gambling operators to boost revenues, contradicting its public assurances of strict legal and regulatory compliance and ethical operations. These allegations surfaced on April 22, 2026, when Muddy Waters Research and Callisto Research published reports detailing Sportradar's connections to illegal operators. Following these reports, Sportradar's Class A ordinary shares plummeted by $3.80, or approximately 22.6%, from $16.84 to $13.04 per share. Robbins LLP is inviting affected shareholders to participate in the lawsuit.
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