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Kessler Topaz Meltzer & Check, LLP (KTMC) said it is investigating potential violations of federal securities laws by Sportradar Group AG (Sportradar) (NASDAQ: SRAD) on behalf of investors who purchased or acquired SRAD securities and experienced significant financial losses.
On April 22, 2026, Muddy Waters Research released a report alleging, among other things, that Sportradar “has actively aided and abetted illegal gambling across the world's black and grey markets — not as an accident or an oversight, but as a business strategy.” The report said research had “documented nearly 50 clients” it considers to be operating illegally, including “seven Russian sportsbooks” and “four SEA sportsbooks with confirmed links to Cambodian human trafficking operations.”
KTMC also cited the report’s claim that one of those sportsbooks was “too afraid to attend a trade show for fear of arrest,” and that the clients were “all actively running directly or indirectly on [Sportradar’s] data infrastructure.”
Following the news of the alleged illegal operations, SRAD’s stock price fell over 22%.
KTMC said investors who purchased Sportradar (NASDAQ: SRAD) securities and experienced losses may have legal rights under federal securities laws.
Investors are encouraged to contact attorney Jonathan Naji, Esq. at:
KTMC said there is no cost or obligation to speak with an attorney.
Kessler Topaz Meltzer & Check, LLP (KTMC) is a U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors and institutions, including major pension funds, asset managers, and international investors. KTMC said it has recovered over $25 billion for clients and the classes they represent.
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
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