Securities class action litigation has been filed on behalf of investors who purchased or otherwise acquired the Class A ordinary shares of Sportradar Group AG (“Sportradar” or the “Company”) (NASDAQ: SRAD) between November 7, 2024 and April 21, 2026, inclusive (the “Class Period”).

If you purchased or acquired the Class A ordinary shares of Sportradar during the Class Period, you may move the Court for appointment as lead plaintiff by no later than July 17, 2026.

A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Sportradar investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should complete the form below, text or email investorinfo@lchb.com, or call Lieff Cabraser partner Sharon M. Lee at 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.

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