Jordan-backed Sportradar accused of hiding from justice in monopoly row with rival
Michael Jordan-backed betting data giant Sportradar has been accused of trying to “shield itself from US justice and public scrutiny” in a multi-million-dollar legal row with competitor Altenar. 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 [...]
Sportradar, a betting data company backed by Michael Jordan, is accused of attempting to avoid US legal scrutiny in a multi-million dollar dispute with competitor Altenar. Lawyers for Altenar filed a motion in a US federal court requesting that the case not be moved to private arbitration in Switzerland, where Sportradar's headquarters are located.
Altenar claims that Sportradar's request to move the dispute is an attempt to hide from US justice and public scrutiny. Sportradar, which has a market cap of around $4 billion and major contracts with FIFA, UFC, and major US sports leagues, has not commented on the pending litigation. Altenar argues that Sportradar abused its dominant position by refusing to provide data access to US markets and then launching rival products.
The dispute centers around the interpretation of a contract that grants Altenar access to Sportradar data in all markets except the US, but does not cover disputes in the US.
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