GlobeNewsWire
09 Jul 2026, 16:42 UTC · 2h ago
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Sportradar Group AG is facing a securities class action lawsuit alleging the company intentionally worked with black-market gambling operators to inflate revenues. — Allegations of fraudulent revenue generation and systemic regulatory evasion present significant legal and reputational risks.
-0.60The lawsuit alleges that Sportradar's Know-Your-Customer (KYC) and compliance processes were not as robust as the company had claimed to investors. — Weaknesses in compliance infrastructure can lead to regulatory sanctions and loss of operating licenses in the highly regulated gambling industry.
-0.40Investors who acquired Sportradar Class A ordinary shares between November 7, 2024, and April 21, 2026, have until July 17, 2026, to file lead plaintiff applications. — This is a procedural deadline for a lawsuit already in progress, representing a low immediate price catalyst but confirming active litigation.
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The company is facing a securities class action lawsuit alleging fraud, failure to disclose material information, and dealings with black-market gambling operators.
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