"Altenar claims that without access to official league data, it is nearly impossible to compete in the US sports betting market, as sportsbooks must offer 'in-play' betting to remain competitive."
"The lawsuit alleges that Sportradar reneged on its promise to supply Altenar with official data for use in connection with betting in the United States, despite previous indications that US rights would be available."
"Altenar's expansion efforts in the US have been stalled, with several operators declining to move forward without integrated official data feeds, despite nearly $2 million in investment."
"Sportradar's exclusive multi-year agreements with leagues like the NBA, MLB, and NHL give it outsized control over a critical part of the betting ecosystem, limiting competition."
Altenar Technologies Limited has filed a lawsuit against Sportradar Group AG, alleging that Sportradar's control over official league data restricts competition in the US sports betting market. Altenar claims it relied on Sportradar for data in overseas markets but was denied access when attempting to enter the US market post-2018 legalization. The lawsuit highlights the necessity of official data for competitive 'in-play' betting and points to Sportradar's exclusive agreements with major leagues as a means of maintaining control over the betting ecosystem.
Read at ReadWrite
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