Sportradar denies links to illegal betting operators as shares fall 22.57%
Sportradar rejected allegations that it has commercial relationships with illegal betting operators, following a report claiming more than 270 unlicensed platforms use its products. The report’s authors alleged links to operators in several markets; Sportradar shares closed down 22.57% in New York on Wednesday, according to the report.
The allegations and reported share-price decline may affect investor assessments of Sportradar and its exposure to unlicensed operators.