Sportradar pushed back hard Wednesday after a short-selling firm accused the company of having meaningful links to unlawful betting sites.
“A short report issued today contains factual inaccuracies about the company, and we unequivocally challenge these assertions,” a Sportradar spokesperson told ReadWrite.
The company said the report misread both its operations and the wider betting market.
The spokesperson added: “The report demonstrates a fundamental misunderstanding of our business and the industry and was authored by a short seller trying to erode shareholder value and profit from stock disruption.”
Callisto Research published the report and disclosed that it held a short position in Sportradar shares.…