Muddy Waters accuses Sportradar of serving illegal betting markets
Muddy Waters Research alleged that Sportradar supplied services to online sportsbooks targeting illegal markets, including China, Vietnam and Thailand. Sportradar denied the claims, cited factual inaccuracies and said it would challenge them; its shares closed 22.57% lower at $13.04 in New York after the report.
The disputed allegations and share-price fall make the supplier’s compliance claims relevant to investor assessment.