PANDA Interactive Files Suit Against Sportradar and Genius Sports for Infringing Its Foundational Sports Betting and Interactive Streaming Technology Patents

11 October 2023

SportsCastr Inc., operating as PANDA Interactive, a trailblazing sports technology company renowned for its exclusive cloud-based software facilitating interactive viewing experiences for media, leagues, and sportsbooks, including real-time odds display and in-event betting capabilities, has officially announced the filing of two distinct infringement complaints against Sportradar Group AG (NASDAQ: SRAD) and Genius Sports Limited (NYSE: GENI). These two entities play a pivotal role in the technological infrastructure supporting the sports betting and interactive video industries.

The said complaints, lodged in the US District Court for the Eastern District of Texas, bear the case numbers 2-23-cv-00471 and 2-23-cv-00472, targeting Genius Sports and Sportradar, respectively.

Chairman Donald Schupak of PANDA Interactive expressed, "We have made substantial investments in the development of our technology and cannot tolerate having our patented technology used unfairly by others and against us. No one wants to see their own arsenal used against them in battle."

PANDA Interactive has introduced multiple video streaming products incorporating its patented technologies, including the SportsCastr mobile app, which has evolved into PANDA Interactive's B2B Watch & Bet platform, embraced by leading sports media companies, leagues, and sportsbooks.

CEO Kevin April of PANDA Interactive emphasized the importance of the fusion of media and sports betting in shaping the future of the fan-viewing experience, stating, "PANDA developed its pioneering technology long before online sports betting was even legal in the US. Sportradar and Genius Sports are infringing on our patents and capitalizing on our groundbreaking work."

PANDA's groundbreaking technology holds transformative potential for sports enthusiasts and sportsbooks. By seamlessly integrating actionable betting odds with any live or on-demand broadcast, PANDA's platform eliminates transactional barriers, reduces decision-making fatigue, and boosts fan engagement, according to Andrew Schupak, PANDA Interactive's Chief Strategy Officer.