Sportradar’s share price falls after reports claim it had links to hundreds of illegal gambling sites

“Sportradar works exclusively with licensed operators, follows strict global compliance, and due diligence standards, and we stand by our independently audited financial statements, risk disclosures, and information provided to investors and regulators. We conduct our business with the highest ethical standards consistent with company policies, laws and regulations.”

A Sportradar source added that the company continuously audits sportsbooks for intellectual property infringement and scans the internet so that breaches can be captured and thoroughly investigated. As soon as any contravention to the terms and conditions of its agreements are detected, action is immediately taken.

Callisto’s report alleges that Sportradar and its betting arm, Betradar, has deals with hundreds of illegal operators, some of whom trade in countries sanctioned by the US. Any involvement with unlicensed operators in Iran and Russia would raise questions over whether Sportradar is complying with sanctions imposed by the US, the UK and the European Union.

The report includes screenshots that appear to show Betradar virtual sports games on Berrybet and Betfido, Persian-language betting websites that offer users the option of depositing via Iranian payment providers. Berrybet also offers customers instructions on how to use an Iranian crypto exchange called Nobitex, which has been linked to the Islamic Revolutionary Guards Corps (IRGC) in a US Senate hearing.

Sportradar insists it complies with US sanctions that would prohibit dealing with the Iranian market. The Code of Business Conduct and Ethics on its investor relations page says that “any indication” of a connection to Iran should result in a commercial relationship being put “on hold”.

Sportradar announced it was suspending all new investments and client relationships in Russia following the invasion of Ukraine in March 2022, to ensure compliance with international sanctions, but Callisto claims several Russian-market platforms have been launched since that date, which claim to use Sportradar products.

Drexel Casino was launched on the Russian black market last year and claims to operate Nsoft slot games, developed by Sportradar’s wholly owned Bosnian games studio Nsoft. In addition 2xWinner was also launched last year offering Betradar virtual sports games, while Lep Casino was set up in 2024, appearing to offer games developed by Nsoft. The website of Bet-M, a Russian sportsbook launched in 2025 that previously held the name SportradarLLC, also appears to display a Sportradar domain among its sources of information.

Callisto has also uncovered evidence appearing to show Sportradar content being visible across multiple brands operated by Santeda International, a secretive company that, as the Guardian reported earlier this month, is fuelling the rise of illegal casinos in the UK. Santeda’s unlicensed casino products include Rolletto, Velobet, Goldenbet, and Mystake, which show signs of Betradar branding.

The Betradar games are identifiable by use of the company logo as well as distinctive game-specific icons, while Roletto’s apparent use of Sportradar’s widgets to give customers access to sports data is apparent from Roletto’s source code. Sportradar’s website states that operators wishing to use its widgets require Sportradar’s approval of the domain involved.

Callisto’s report states that it has shared information with multiple North American and European gambling regulators including the UK Gambling Commission, three of whom have already started an assessment of its findings regarding Sportradar.