Sportradar Hit With Lawsuit Over Alleged Illegal Gambling Ties
Sportradar is facing a proposed investor class action in New York federal court over allegations that it misled shareholders about its compliance standards and links to black-market gambling operators. The lawsuit names Sportradar, CEO Carsten Koerl, and CFO Craig Felenstein, and covers investors who bought shares between November 7, 2024, and April 21, 2026. It follows short-seller reports from Muddy Waters and Callisto Research, which claimed the company had exposure to illegal gambling operators overseas. Sportradar has denied the allegations, saying it operates ethically and follows applicable laws and regulations. The reports triggered a sharp fall in the company’s share price and raised concerns about legal, regulatory, and reputational risks.
