Sportradar Expands Polymarket Deal to 20+ Leagues, Adds Bundesliga and Euroleague Streaming
SRAD sits 20% above its 52-week low of $11.55.
Summary
Sportradar significantly expanded its partnership with Polymarket, adding more than 20 sports leagues and competitions, including the Bundesliga, Euroleague Basketball, CBA, NBL, Tennis Grand Slams, and UTR Pro events. The deal includes exclusive streaming rights for the Bundesliga and Euroleague Basketball, covering approximately 300,000 matches annually. This builds on the existing relationship covering ATP, MLB, NHL, MLS, and UFC. The expansion deepens Sportradar's role as the foundational data and integrity provider for prediction markets, a growing adjacent category. The company's Q2 results showed strong revenue and Adjusted EBITDA growth, and this deal reinforces its leadership in sports data. Watch for further expansion of the partnership as both companies indicated plans to add more products and markets.
At the time of this announcement, SRAD was trading at $13.83 on NASDAQ in the Technology sector, with a market capitalization of approximately $4B. The 52-week trading range was $11.55 to $32.01. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.