Sportradar Faces Fresh Investor Probes After Short-Seller Reports

Overview

• Pomerantz and Bleichmar Fonti & Auld announced new investigations Friday and asked Sportradar investors to share losses and information.
• Hagens Berman launched a separate review Thursday after research firms accused the company of misleading investors about the legality of parts of its business.
• Johnson Fistel said it is examining whether executives violated federal securities laws, citing questions about a touted four-level know-your-customer program.
• The April 22, 2026 reports by Muddy Waters and Callisto alleged Sportradar aided illegal or unlicensed bookmakers and said exposure to such operators could reach 20% to 40% of revenue.
• Sportradar’s shares closed at $13.04 after a 22.6% plunge on April 22, a one-day loss that reports said erased more than $800 million in market value.