SRAD DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Sportradar (SRAD) Investors of Securities Class Action Deadline on July 17, 2026
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Sportradar To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Sportradar between November 7, 2024 and April 21, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sportradar Group AG (“Sportradar” or the “Company”) (NASDAQ: SRAD) and reminds investors of the July 17, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Sportradar intentionally worked with black-market gambling operators to increase its revenues, despite its assurances of strict legal and regulatory compliance and claims that ethics and integrity were crucial for Sportradar’s operations; (2) the Company’s KYC and compliance processes were not as robust as Defendants’ had claimed; and (3) as a result, Defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.
On April 22, 2026, Muddy Waters, an investigative research firm, published a report entitled “Sportradar AG: Putting the BET into Aiding and Abetting. The Leader of Sports Integrity Powers the World’s Illegal Online Sports Books.” The report alleged, among other things, that Sportradar’s business model “depends on illegal operators to survive.” Muddy Waters stated that Sportradar “has actively aided and abetted illegal gambling across the world’s black and grey markets – not as an accident or an oversight, but as a business strategy.” The report estimated that illegal operators contributed to about 20-40% of the company’s total revenues. That same day, Callisto Research, an investigative research firm, published a report titled “Sportradar Group AG: the ‘integrity’ giant threatening its own existence with ties to illegal gambling, sanctioned parties and criminals.” Citing an examination of hundreds of gambling platforms, the report alleged that one-third of platforms Sportradar claims to serve were using Sportradar’s products or services, or explicitly claiming to do so, while operating illegally in regulated or prohibited gambling markets. Callisto Research further alleged that exposure to unlicensed operators could be as high as 30-40% of Sportradar’s revenue and that three U.S. gambling regulators have already commenced reviews into the company.
On this news, Sportradar’s stock price fell $3.80 per share, or 22.6%, to close at $13.04 per share on April 22, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Sportradar’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Sportradar class action, go to www.faruqilaw.com/SRAD or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Faruqi & Faruqi, LLP
Josh Wilson
877-247-4292 or 212-983-9330 (Ext. 1310)
View source version on businesswire.com: https://www.businesswire.com/news/home/20260518754557/en/
