Data Rights Acquisition and Retention Risk: Sportradar's business heavily relies on its ability to secure and maintain licenses for official sports data from various leagues and federations. The loss of key data rights, increased competition for these rights, or higher acquisition costs could negatively impact revenue and profitability.

Regulatory and Legal Landscape Volatility: Operating within the global sports betting ecosystem, Sportradar is exposed to a complex and evolving array of regulations across numerous jurisdictions. Changes in sports betting laws, licensing requirements, or data usage rules could affect its clients and, consequently, Sportradar's demand for services.

Intense Competitive Environment: Sportradar faces significant competition from other sports data providers, technology companies, and potential new entrants. This competition could lead to pricing pressure, reduced market share, or the need for increased investment in product development and sales.