The Law Offices of Frank R. Cruz announces an investigation of Sportradar Group AG (“Sportradar” or the “Company”) (NASDAQ: SRAD) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
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.” Specifically, the report stated that research had “documented nearly 50 clients who we deem to be operating illegally— including seven Russian sportsbooks, four SEA sportsbooks with confirmed links to Cambodian human trafficking operations, one of whom its own sales team acknowledged was too afraid to attend a trade show for fear of arrest — all actively running directly or indirectly on [Sportradar’s] data infrastructure.”

On this news, Sportradar’s stock price fell $3.80, or 22.6%, to close at $13.04 per share on April 22, 2026, thereby injuring investors.