Betting data giant Sportradar, backed by investors including Michael Jordan, has been accused by competitor Altenar of attempting to "shield itself from US justice and public scrutiny" in a multi-million-dollar legal dispute.
Lawyers for Altenar told a US federal court that Sportradar's request to move the dispute to private arbitration in Switzerland, where its head office is located, should be denied. A spokesperson for Altenar stated that Sportradar's motion to send the case to confidential Swiss arbitration is a "transparent attempt to shield itself from US justice and public scrutiny."
Altenar alleges that Sportradar abused its dominant position by refusing access to its US data and subsequently launching rival products. Altenar argues that while their contract for other markets includes provisions for private dispute resolution, no such agreement applies to the US.
Sportradar, which is Nasdaq-listed with a market cap of approximately $4bn, holds exclusive deals with organisations such as Fifa, UFC, NBA, MLB, and NHL. A spokesperson for Sportradar stated that the company does not comment on pending litigation.