Investors Face July 17 Deadline in Sportradar Securities Lawsuit

The litigation, spearheaded by Hagens Berman Sobol Shapiro LLP, targets Sportradar’s leadership over claims that the company misled shareholders regarding its compliance standards. While the firm publicly championed its commitment to integrity and strict regulatory adherence, investigative reports from Muddy Waters Research and Callisto Research painted a starkly different picture. These findings suggested that Sportradar’s business strategy relied heavily on unlicensed gambling platforms, with estimates indicating that 20% to 40% of the company’s total revenue may have been derived from illegal markets.

Following the release of these reports on April 22, 2026, Sportradar’s market capitalization plummeted by over $800 million. Reed Kathrein, a partner at Hagens Berman, noted that the investigation centers on whether the company deliberately concealed these illicit revenue streams from the investing public. The firm is now seeking to represent shareholders who suffered financial losses during the specified period and is calling on potential whistleblowers with non-public information to come forward regarding the company’s internal operations.