An investor from Switzerland's B2B betting data provider Sportradar has filed a class action lawsuit against the company in the U.S. District Court for the Southern District of New York.
The lawsuit represents all holders of Class A common stock purchased between November 7, 2024, and April 21, 2026. The plaintiff accuses Sportradar of misleading investors regarding the legality of its business model.
According to the plaintiff, Sportradar intentionally collaborated with illegal operators to boost revenue, contrary to its public statements about strict compliance with laws and declared KYC procedures. Legal firms Hagens Berman Sobol Shapiro and Bleichmar Fonti & Auld have announced an investigation into the claims and are competing for lead plaintiff status.