The Muddy Waters report, published April 22, 2026, alleges that Sportradar’s involvement with black and grey market sportsbooks was a calculated strategy rather than a series of oversights. Investigators identified nearly 50 clients operating without proper legal standing, including seven Russian sportsbooks and four entities in Southeast Asia allegedly connected to human trafficking operations. One client described in the report reportedly avoided industry trade shows due to fears of imminent arrest.
In section Releases
Sportradar Faces Investor Investigation Over Alleged Illegal Gambling Ties
Shares of Sportradar Group AG plummeted 22 percent following a damaging report from Muddy Waters Research that accused the data provider of intentionally facilitating operations for illegal gambling markets. The Schall Law Firm has now launched an investigation into whether the company misled shareholders regarding its business practices and regulatory compliance.
The Schall Law Firm is currently seeking investors who suffered financial losses to determine if the company violated securities laws by failing to disclose these risks to the public. Shareholders interested in the litigation or those seeking to discuss their legal standing are encouraged to contact Brian Schall at the firm’s Los Angeles office to discuss potential claims.
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