BFA Law Reminds Sportradar Investors that Suffered Losses of the Imminent July 17 Legal Deadline in Securities Fraud Class Action

Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Sportradar Group AG (NASDAQ:SRAD) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.

If you invested in Sportradar, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/sportradar-class-action.

Key Details of the Sportradar ($SRAD) Class Action:

• Lead Plaintiff Deadline: July 17, 2026
• Alleged Misconduct: Securities fraud regarding allegations that Sportradar aided and abetted illegal gambling and derived a substantial portion of its revenue from such activities
• Stock Decline: April 22, 2026 – 22.6% Stock Drop
• Court: U.S. District Court for the Southern District of New York
• Action: Contact BFA Law to discuss your rights

Investors have until July 17, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Sportradar Class A ordinary shares. The case is pending in the U.S. District Court for the Southern District of New York. It is captioned Smale v. Sportradar Group AG, No. 26-cv-4112.

Why is Sportradar Being Sued for Securities Fraud?

Sportradar is a global sports data and technology company that collects, analyzes, and distributes real-time sports data and insights to betting operators, leagues, media companies, and teams. Sportradar has partnerships with top leagues such as the NBA, MLB, NHL, and PGA Tour.

During the relevant period, as alleged, Sportradar stated that it was “crucial” for it to “conduct [its] business in a manner that upholds [its] high standards of ethics and integrity.” Sportradar also stated that it had a “four-level process” to confirm that it “only work[s] with licensed operators.”

As alleged, in truth, Sportradar actively aided and abetted illegal gambling across the world’s black and grey markets, and it derived a substantial portion of its revenue from such activities.

Why did Sportradar’s Stock Drop?

On April 22, 2026, Muddy Waters, an investigative research firm, published a report titled “Sportradar AG: Putting the BET into Aiding and Abetting. The Leader of Sports Integrity Powers the World’s Illegal Online Sports Books.” The report revealed, 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. What’s more, based on its proprietary research methods and extensive interviews with former employees, Muddy Waters identified nearly 50 Sportradar clients and collaborators who were operating in illegal markets.

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