Firm insists it works only with licensed operators
Sportradar has deals with Fifa, Uefa, MLB and NBA
The betting and data company Sportradar has relationships with hundreds of illegal gambling operators including several that appear to operate in Iran and Russian-occupied Crimea, a new report alleges.
A study compiled by the financial analysts Callisto Research claims to have identified more than 270 unlicensed betting companies offering a variety of services including sports betting, virtual gaming and crypto casinos that purport to be products of Sportradar, whose branding and tools are visible on many of their websites. Callisto Research is an activist research firm that has disclosed short selling Sportradar stock after releasing its report.
Sportradar AG is listed on the Nasdaq and its share price dropped as much as 30% following the publication of Callisto’s report on Wednesday, before closing the day 23% down on the start of trading.
