A securities class action lawsuit has been filed against Sportradar Group AG, alleging the company made false and misleading statements about its compliance practices. The lawsuit claims Sportradar intentionally worked with black-market gambling operators to boost revenues, despite public assurances of strict legal and regulatory compliance, and that its Know-Your-Customer and compliance processes were not as robust as claimed. Investors who purchased Sportradar Class A ordinary shares between November 7, 2024 and April 21, 2026 have until July 17, 2026 to file lead plaintiff applications. The case is pending in the United States District Court for the Southern District of New York.
Sportradar Group AGLawsuit alleges false compliance statements and working with black-market operators, risking legal penalties and reputational damage.