{"id":964781,"date":"2026-05-19T11:05:09","date_gmt":"2026-05-19T15:05:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/"},"modified":"2026-05-19T11:05:09","modified_gmt":"2026-05-19T15:05:09","slug":"srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/","title":{"rendered":"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nSRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop<\/p>\n<p>\nSportradar Group AG faces securities fraud allegations that it aided and abetted illegal gambling and derived a substantial portion of its revenue from such activities, leading to a stock drop of 22%; investors urged to act by July 17, 2026.<\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLeading securities law firm <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=Bleichmar+Fonti+%26amp%3B+Auld+LLP&amp;index=1&amp;md5=1ace25da80e11a56d16b6c93086b655b\"><b>Bleichmar Fonti &amp; Auld LLP<\/b><\/a> announces that a class action lawsuit has been filed against Sportradar Group AG (NASDAQ:SRAD) and certain of the Company\u2019s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.<\/p>\n<p>\nIf you invested in Sportradar, you are encouraged to obtain additional information by visiting: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;index=2&amp;md5=05b5c69f3d31c2073ef887926f8cb970\"><b>https:\/\/www.bfalaw.com\/cases\/sportradar-class-action<\/b><\/a><b>.<\/b><\/p>\n<p><b>Key Details of the Sportradar ($SRAD) Class Action:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Lead Plaintiff Deadline: <\/b>July 17, 2026\n<\/li>\n<li><b>Alleged Misconduct: <\/b>Securities fraud regarding allegations that Sportradar aided and abetted illegal gambling and derived a substantial portion of its revenue from such activities\n<\/li>\n<li><b>Stock Decline: <\/b>April 22, 2026 \u2013 22.6% Stock Drop\n<\/li>\n<li><b>Court: <\/b>U.S. District Court for the Southern District of New York\n<\/li>\n<li><b>Action: <\/b>Contact <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=BFA+Law&amp;index=3&amp;md5=a0824cc6ca360251f7260b95f26a45ed\">BFA Law<\/a> to discuss your rights\n<\/li>\n<\/ul>\n<p>\nInvestors 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 <i>Smale v. Sportradar Group AG<\/i>, No. 26-cv-4112.<\/p>\n<p><b>Why is Sportradar Being Sued for Securities Fraud?<\/b><\/p>\n<p>\nSportradar is a global sports data and technology company that collects, analyzes, and distributes real\u2011time 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.<\/p>\n<p>\nDuring the relevant period, as alleged, Sportradar stated that it was \u201ccrucial\u201d for it to \u201cconduct [its] business in a manner that upholds [its] high standards of ethics and integrity.\u201d Sportradar also stated that it had a \u201cfour-level process\u201d to confirm that it \u201conly work[s] with licensed operators.\u201d<\/p>\n<p>\nAs alleged, in truth, Sportradar actively aided and abetted illegal gambling across the world\u2019s black and grey markets, and it derived a substantial portion of its revenue from such activities.<\/p>\n<p><b>Why did Sportradar\u2019s Stock Drop?<\/b><\/p>\n<p>\nOn April 22, 2026, Muddy Waters, an investigative research firm, published a report titled \u201cSportradar AG: Putting the BET into Aiding and Abetting. The Leader of Sports Integrity Powers the World\u2019s Illegal Online Sports Books.\u201d The report revealed, among other things, that Sportradar\u2019s business model \u201cdepends on illegal operators to survive.\u201d Muddy Waters stated that Sportradar \u201chas actively aided and abetted illegal gambling across the world\u2019s black and grey markets \u2014 not as an accident or an oversight, but as a business strategy.\u201d The report estimated that illegal operators contributed to about 20\u201340% of the company\u2019s total revenues. What\u2019s 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.<\/p>\n<p>\nThe same day, Callisto Research, an investigative research firm, published a report titled \u201cSportradar Group AG: the \u2018integrity\u2019 giant threatening its own existence with ties to illegal gambling, sanctioned parties and criminals.\u201d The report revealed, based on an examination of hundreds of gambling platforms, evidence suggesting that one-third of platforms Sportradar claims to serve were using Sportradar\u2019s products or services, or explicitly claiming to do so, while operating illegally in regulated or prohibited gambling markets. Callisto Research revealed that exposure to unlicensed operators could be as high as 30-40% of Sportradar\u2019s revenue. The report also revealed that three U.S. gambling regulators have already commenced reviews into the company.<\/p>\n<p>\nThis news caused the price of Sportradar stock to decline $3.80 per share, or 22.6%, from $16.84 per share on April 21, 2026, to $13.04 per share on April 22, 2026.<\/p>\n<p><b>Click here for more information: <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;index=4&amp;md5=a346b39b0031fd4d64d5240fcdcd028c\"><b>https:\/\/www.bfalaw.com\/cases\/sportradar-class-action<\/b><\/a><b>.<\/b><\/p>\n<p><b>What Can You Do?<\/b><\/p>\n<p>\nIf you invested in Sportradar, you may have legal options and are encouraged to submit your information to the firm.<\/p>\n<p>\nAll representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.<\/p>\n<p><b>Submit your information by visiting:<\/b><\/p>\n<p class=\"bwalignc\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;index=5&amp;md5=f08382e5781b0c35031e0c398763c268\"><b>https:\/\/www.bfalaw.com\/cases\/sportradar-class-action<\/b><\/a><\/p>\n<p>\nOr contact:<\/p>\n<p>\nAdam McCall<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:adam@bfalaw.com\">adam@bfalaw.com<br \/>\n<\/a><br \/>212.789.3619<\/p>\n<p><b>Why Bleichmar Fonti &amp; Auld LLP?<\/b><\/p>\n<p>\nBFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by <i>Chambers USA<\/i>, <i>The Legal 500<\/i>, and <i>ISS SCAS<\/i>, and its attorneys have been named \u201cElite Trial Lawyers\u201d by the <i>National Law Journal<\/i>, \u201cLitigation Stars\u201d by <i>Benchmark Litigation<\/i>, among the top \u201c500 Leading Plaintiff Financial Lawyers\u201d by <i>Lawdragon<\/i>, \u201cTitans of the Plaintiffs\u2019 Bar\u201d by <i>Law360<\/i> and \u201cSuperLawyers\u201d by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.\u2019s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.<\/p>\n<p>\nFor more information about BFA and its attorneys, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.bfalaw.com&amp;index=6&amp;md5=16a580c7b4e48985751221ab5b810c64\">https:\/\/www.bfalaw.com<\/a>.<\/p>\n<p class=\"bwalignc\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;esheet=54538431&amp;newsitemid=20260519717733&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.bfalaw.com%2Fcases%2Fsportradar-class-action&amp;index=7&amp;md5=1a778a984e86ac47dfda6bfac86e2ffc\"><b>https:\/\/www.bfalaw.com\/cases\/sportradar-class-action<\/b><\/a><\/p>\n<p><i>Attorney advertising. Past results do not guarantee future outcomes.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260519717733r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260519717733\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260519717733\/en\/<\/a><\/span><\/p>\n<p>\nAdam McCall<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:adam@bfalaw.com\">adam@bfalaw.com<br \/>\n<\/a><br \/>212.789.3619<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260519717733\/en\/2809730\/3\/BFA_Law_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop Sportradar Group AG faces securities fraud allegations that it aided and abetted illegal gambling and derived a substantial portion of its revenue from such activities, leading to a stock drop of 22%; investors urged to act by July 17, 2026. NEW YORK&#8211;(BUSINESS WIRE)&#8211; Leading securities law firm Bleichmar Fonti &amp; Auld LLP announces that a class action lawsuit has been filed against Sportradar Group AG (NASDAQ:SRAD) and certain of the Company\u2019s 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-964781","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop Sportradar Group AG faces securities fraud allegations that it aided and abetted illegal gambling and derived a substantial portion of its revenue from such activities, leading to a stock drop of 22%; investors urged to act by July 17, 2026. NEW YORK&#8211;(BUSINESS WIRE)&#8211; Leading securities law firm Bleichmar Fonti &amp; Auld LLP announces that a class action lawsuit has been filed against Sportradar Group AG (NASDAQ:SRAD) and certain of the Company\u2019s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/","og_locale":"en_US","og_type":"article","og_title":"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop - Market Newsdesk","og_description":"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop Sportradar Group AG faces securities fraud allegations that it aided and abetted illegal gambling and derived a substantial portion of its revenue from such activities, leading to a stock drop of 22%; investors urged to act by July 17, 2026. NEW YORK&#8211;(BUSINESS WIRE)&#8211; Leading securities law firm Bleichmar Fonti &amp; Auld LLP announces that a class action lawsuit has been filed against Sportradar Group AG (NASDAQ:SRAD) and certain of the Company\u2019s 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 &hellip; Continue reading \"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/","og_site_name":"Market Newsdesk","article_published_time":"2026-05-19T15:05:09+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260519717733r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop","datePublished":"2026-05-19T15:05:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/"},"wordCount":932,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260519717733r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/srad-lawsuit-filed-sportradar-has-been-sued-for-securities-fraud-over-gambling-allegations-and-22-stock-drop\/","name":"SRAD Lawsuit Filed: Sportradar has been Sued for Securities Fraud over Gambling Allegations and 22% Stock Drop - 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