{"success":true,"data":{"pressRelease":{"id":"27323","rtpr_id":"nGNX2yyzc7","ticker":"SRAD","exchange":"NASDAQ","all_tickers":["SRAD","1M4"],"title":"$SRAD Investor News: Sportradar Group Stock Drops 22% Amid Illegal Activities Claims Triggering Securities Fraud Investigation – Contact BFA Law if You Suffered Losses","author":"Globe Newswire","published_at":"2026-05-08T10:07:00.242Z","article_body":"NEW YORK, May 08, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=0WXcCHgbnoEK47TnQ2eVvy_r9JLxGeFIuSyf5IqRjfYHw0998DUwIFbe68K3mpYeiXYVerPSzy1my40oENMbAI57EgcuQGtTGvOXjntW2k_9a10oY_2UlQ5cG-S9pEzuO36cI-cBx53o8nIxsftgvQ==)\nannounces an investigation into Sportradar Group AG (NASDAQ:SRAD) for\npotential securities fraud after its significant stock drop.\n\nIf you invested in Sportradar, you are encouraged to obtain additional\ninformation by visiting: https://www.bfalaw.com/cases/sportradar-class-action.\n\nKey Details of the Sportradar ($SRAD) Class Action Investigation:\n* Investigation Overview: Securities fraud relating to allegations that\nSportradar aided and abetted illegal gambling and derived a substantial\nportion of its revenue from such activities\n* Stock Decline: April 22, 2026 – 22% Stock Drop\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/sportradar-class-action) to discuss your rights\nWhy is Sportradar Being Investigated for Securities Fraud?\n\nSportradar is a global sports data and technology company that collects,\nanalyzes, and distributes real-time sports data and insights to betting\noperators, leagues, media companies, and teams. Sportradar has partnerships\nwith top leagues such as the NBA, MLB, NHL, and PGA Tour.\n\nDuring the relevant period, Sportradar stated that “Integrity is key” and\n“at the heart of what we do.” Sportradar also compared itself to the FBI\nof gambling and stated that it monitors illegal market activity “very\nclosely.”\n\nBFA is investigating allegations that Sportradar actively aided and abetted\nillegal gambling across the world’s black and grey markets, and that it\nderived a substantial portion of its revenue from such activities.\n\nWhy did Sportradar’s Stock Drop?\n\nOn April 22, 2026, Muddy Waters, an investigative research firm, published a\nreport titled “Sportradar AG: Putting the BET into Aiding and Abetting. The\nLeader of Sports Integrity Powers the World’s Illegal Online Sports\nBooks.” The report revealed, among other things, that Sportradar’s\nbusiness model “depends on illegal operators to survive.” Muddy Waters\nstated that Sportradar “has actively aided and abetted illegal gambling\nacross the world’s black and grey markets — not as an accident or an\noversight, but as a business strategy.” The report estimated that illegal\noperators contributed to about 20–40% of the company’s total revenues.\nWhat’s more, based on its proprietary research methods and extensive\ninterviews with former employees, Muddy Waters identified nearly 50 Sportradar\nclients and collaborators who were operating in illegal markets.\n\nThe same day, Callisto Research, an investigative research firm, published a\nreport titled “Sportradar Group AG: the ‘integrity’ giant threatening\nits own existence with ties to illegal gambling, sanctioned parties and\ncriminals.” The report revealed, based on an examination of hundreds of\ngambling platforms, evidence suggesting that one-third of platforms Sportradar\nclaims to serve were using Sportradar’s products or services, or explicitly\nclaiming to do so, while operating illegally in regulated or prohibited\ngambling markets. Callisto Research revealed that exposure to unlicensed\noperators could be as high as 30-40% of Sportradar’s revenue. The report\nalso revealed that three U.S. gambling regulators have already commenced\nreviews into the company.\n\nThis news caused the price of Sportradar stock to decline $3.80 per share, or\n22.6%, from $16.84 per share on April 21, 2026, to $13.04 per share on April\n22, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/sportradar-class-action.\n\nWhat Can You Do?\n\nIf you invested in Sportradar, you may have legal options and are encouraged\nto submit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nOr contact:\n\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent\nnotable successes, BFA recovered over $900 million in value from Tesla,\nInc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical\nInd. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2yyzc7","title":"$SRAD Investor News: Sportradar Group Stock Drops 22% Amid Illegal Activities Claims Triggering Securities Fraud Investigation – Contact BFA Law if You Suffered Losses","author":"Globe Newswire","ticker":"SRAD","created":"2026-05-08T10:07:00.242Z","tickers":["SRAD","1M4"],"exchange":"NASDAQ","article_body":"NEW YORK, May 08, 2026 (GLOBE NEWSWIRE) -- Leading securities law\nfirm Bleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=0WXcCHgbnoEK47TnQ2eVvy_r9JLxGeFIuSyf5IqRjfYHw0998DUwIFbe68K3mpYeiXYVerPSzy1my40oENMbAI57EgcuQGtTGvOXjntW2k_9a10oY_2UlQ5cG-S9pEzuO36cI-cBx53o8nIxsftgvQ==)\nannounces an investigation into Sportradar Group AG (NASDAQ:SRAD) for\npotential securities fraud after its significant stock drop.\n\nIf you invested in Sportradar, you are encouraged to obtain additional\ninformation by visiting: https://www.bfalaw.com/cases/sportradar-class-action.\n\nKey Details of the Sportradar ($SRAD) Class Action Investigation:\n* Investigation Overview: Securities fraud relating to allegations that\nSportradar aided and abetted illegal gambling and derived a substantial\nportion of its revenue from such activities\n* Stock Decline: April 22, 2026 – 22% Stock Drop\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/sportradar-class-action) to discuss your rights\nWhy is Sportradar Being Investigated for Securities Fraud?\n\nSportradar is a global sports data and technology company that collects,\nanalyzes, and distributes real-time sports data and insights to betting\noperators, leagues, media companies, and teams. Sportradar has partnerships\nwith top leagues such as the NBA, MLB, NHL, and PGA Tour.\n\nDuring the relevant period, Sportradar stated that “Integrity is key” and\n“at the heart of what we do.” Sportradar also compared itself to the FBI\nof gambling and stated that it monitors illegal market activity “very\nclosely.”\n\nBFA is investigating allegations that Sportradar actively aided and abetted\nillegal gambling across the world’s black and grey markets, and that it\nderived a substantial portion of its revenue from such activities.\n\nWhy did Sportradar’s Stock Drop?\n\nOn April 22, 2026, Muddy Waters, an investigative research firm, published a\nreport titled “Sportradar AG: Putting the BET into Aiding and Abetting. The\nLeader of Sports Integrity Powers the World’s Illegal Online Sports\nBooks.” The report revealed, among other things, that Sportradar’s\nbusiness model “depends on illegal operators to survive.” Muddy Waters\nstated that Sportradar “has actively aided and abetted illegal gambling\nacross the world’s black and grey markets — not as an accident or an\noversight, but as a business strategy.” The report estimated that illegal\noperators contributed to about 20–40% of the company’s total revenues.\nWhat’s more, based on its proprietary research methods and extensive\ninterviews with former employees, Muddy Waters identified nearly 50 Sportradar\nclients and collaborators who were operating in illegal markets.\n\nThe same day, Callisto Research, an investigative research firm, published a\nreport titled “Sportradar Group AG: the ‘integrity’ giant threatening\nits own existence with ties to illegal gambling, sanctioned parties and\ncriminals.” The report revealed, based on an examination of hundreds of\ngambling platforms, evidence suggesting that one-third of platforms Sportradar\nclaims to serve were using Sportradar’s products or services, or explicitly\nclaiming to do so, while operating illegally in regulated or prohibited\ngambling markets. Callisto Research revealed that exposure to unlicensed\noperators could be as high as 30-40% of Sportradar’s revenue. The report\nalso revealed that three U.S. gambling regulators have already commenced\nreviews into the company.\n\nThis news caused the price of Sportradar stock to decline $3.80 per share, or\n22.6%, from $16.84 per share on April 21, 2026, to $13.04 per share on April\n22, 2026.\n\nClick here for more information:\nhttps://www.bfalaw.com/cases/sportradar-class-action.\n\nWhat Can You Do?\n\nIf you invested in Sportradar, you may have legal options and are encouraged\nto submit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nOr contact:\n\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent\nnotable successes, BFA recovered over $900 million in value from Tesla,\nInc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical\nInd. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/sportradar-class-action\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-08T10:07:00.296913319Z","server_sent_at_ms":1778234820296},"received_at":"2026-05-08T10:07:00.416Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}