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SEC filingSportradar Group AG issued a 6-K filing refuting sensationalized reports by third parties aimed at manipulating its stock price, reaffirming its robust compliance framework, KYC processes, and commitment to regulatory standards.
Sportradar addresses efforts by self-interested third parties to publish misleading reports repackaging historical allegations to harm shareholder value, underscoring its intolerance for securities manipulation. The company details a comprehensive compliance infrastructure, including strict KYC with verification of client licenses, ultimate beneficial ownership, corporate status, and screening against sanctions, PEP, and adverse media. It operates exclusively with licensed entities, accepting valid offshore licenses like Anjouan or Curaçao where compliant with local laws. As a B2B provider to leagues, bookmakers, and media, Sportradar does not handle end-user KYC, delegating that to clients, and distinguishes direct contracts from B2B redistribution and piracy scenarios. Post-Russia-Ukraine war, it halted new investments and routinely screens customers against sanctions lists. Marketing at trade shows involves preliminary compliance reviews leading to detailed due diligence before onboarding, with ongoing monitoring and geo-blocking. Signed by Chief Legal Officer Michael C. Miller, this disclosure reinforces transparency and long-term integrity to support investor confidence.