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Kessler Topaz Meltzer & Check, LLP said it is investigating potential violations of federal securities laws by Sportradar Group AG 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 that Sportradar has actively aided and abetted illegal gambling across global black and grey markets as a business strategy.
The report said research documented nearly 50 clients operating illegally, including:
According to the report, these operations are said to be running on Sportradar’s data infrastructure.
Following the news of the alleged illegal operations, Sportradar’s stock price fell by more than 22%.
The firm said investors who purchased Sportradar (NASDAQ: SRAD) securities and experienced losses may have legal rights under the federal securities laws.
Investors were encouraged to contact attorney Jonathan Naji, Esq. to discuss potential legal rights. The firm stated there is no cost or obligation to speak with an attorney.
Kessler Topaz Meltzer & Check, LLP (KTMC) is a U.S. plaintiff-side securities litigation 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. The firm operates globally with offices in Pennsylvania and California.
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
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