SAN FRANCISCO, CA – (June 4 2026) – National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors in Sportradar Group AG (“Sportradar” or the “Company”) (NASDAQ: SRAD) who purchased or otherwise acquired the Class A ordinary shares of Sportradar between November 7, 2024 and April 21, 2026, inclusive (the “Class Period”) to contact us immediately regarding the pending securities class action against Sportradar. The deadline to apply to be lead plaintiff is July 17, 2026.
Class Period: November 7, 2024 – April 21, 2026
Lead Plaintiff Motion Deadline: July 17, 2026
Case information: https://lieffcabraser.com/securities/sportradar/
Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358
Sportradar, incorporated and headquartered in Switzerland, provides data collection, processing, risk management, and fraud monitoring services, to the global sports betting industry. Throughout the Class Period, Sportradar promoted the strength of its Know-Your-Customer (“KYC”) process, as well as the Company’s general legal and regulatory compliance. Sportradar Founder and CEO Carsten Koerl stated that the Company “only work[s] with licensed operators” and that “we have a global compliance team, which is making an intensive KYC with every operator, and we are insisting on this, that we control it.”
The action alleges that, throughout the Class Period, Defendants misrepresented and failed to disclose that: (1) Sportradar deliberately worked with illegal, black-market gambling operators to increase the Company’s revenue, despite its assurances of strict legal and regulatory compliance; and (2) Sportradar’s KYC and compliance processes were not as robust as the Company claimed.
On April 22, 2026, two market research firms—Muddy Waters Research (“Muddy Waters”) and Callisto Research (“Callisto”)—separately published investigative reports claiming that Sportradar was intentionally working with an extensive network of gambling partners to boost the Company’s revenue. According to the Muddy Waters report, investigators at the International Casinos Exhibition, posing as sportsbook operators targeting illegal markets in Vietnam, Thailand, Indonesia, and China, spoke with a Sportradar sales executive who “bragged that [Sportradar] ‘serves everyone’ … listed major … known illegal operators [in Asia],” and “walked [the investigators] through key product offerings for each of these illegal markets.” The sales executive then “offer[ed] to solicit assistance from clients … so [the investigators] could quickly set up operations,” even “offer[ing] to introduce [them] to the Yabo Group — China’s largest illegal gambling operator, whose Cambodian call centers are staffed by trafficked and enslaved workers.”
Callisto’s report “examin[ed] … hundreds of gambling platforms,” finding evidence “suggesting that over 270 individual platforms (more than a third of the 800 Sportradar claims to serve) are using Sportradar’s products or services, or explicitly claiming to do so, while operating illegally in regulated or prohibited gambling markets.” Former Sportradar employees told Callisto that Sportradar’s illegal clientele included 1xBet, “widely reported to be the world’s largest illegal gambling operator.” Callisto stated that it had “shared [its] findings with multiple regulators in North America and Europe,” and that three of them “have already commenced reviews” of the Company. On this news, the price of Sportradar Class A ordinary shares fell $3.80 per share, or 22.57%, from its closing price of $16.84 per share on April 21, 2026, to close at $13.04 per share on April 22, 2026, on extremely heavy trading volume.
About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP, with over 135 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Repeatedly recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $133 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.
Source/Contact
Sharon Lee
Lieff Cabraser Heimann & Bernstein, LLP
415 956-1000
slee@lchb.com
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