GlobeNewsWire
13 Jul 2026, 10:50 UTC · 1h ago
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Sportradar is facing a class action lawsuit alleging the company intentionally worked with black-market gambling operators to inflate revenues. — Allegations of systemic fraud and illegal business practices create significant regulatory risk and threaten the company's core reputation for integrity.
-0.70Investigative reports from Muddy Waters and Callisto Research led to a one-day share price decline of over 22% for Sportradar. — Short-seller reports from reputable firms often trigger prolonged volatility and a loss of institutional investor confidence.
-0.50The lawsuit claims Sportradar's Know-Your-Customer (KYC) and compliance processes were significantly less robust than the company publicly claimed. — Failure in compliance frameworks can lead to severe fines and loss of operating licenses in the highly regulated gambling industry.
-0.40Which stocks this story touches
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The company is facing a class action lawsuit alleging securities fraud and intentional engagement with black-market gambling operators, resulting in a 22% share price drop.
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1h ago
