TLDR Sportradar said prediction markets added to its results for the first time in Q3. U.S. revenue rose 47% to €98 million, up from about 10% growth in the first half. The CEO said more than 300 market makers could want faster sports data. Partners include Kalshi, Polymarket, Novig, Robinhood and about 10 market makers. Q3 revenue rose 24% to €362.5 million, and the 2026 outlook was kept.
Sportradar said prediction markets made their first positive contribution to its results in the third quarter. The sports data company is now selling its feeds to a growing list of exchanges, brokers and market makers.
The shift comes as growth in traditional online sports betting slows. CFO Craig Felenstein said the betting market is growing more slowly than when Sportradar set its earlier targets, and prediction markets are replacing some of that expected growth.
U.S. revenue rose 47% to €98 million in the quarter, up from roughly 10% growth in the first half. The company did not say how much of that came from prediction markets.
Market Makers Want Speed
CEO Carsten Koerl said the company now works with three exchange partners: Kalshi, Polymarket and Novig. It also signed its first broker deal with Robinhood and has about 10 agreements with market makers.
Koerl told Citizens analyst Jordan Bender the wider pool of market makers could top 300 firms, depending on which exchanges are counted. He said these firms want faster data to support trading on sports events.
“For example, in tennis, we get the line calls 0.2 seconds faster than anybody else,” Koerl said. He was describing the company’s official data feed.
Sportradar is also building a feed made for prediction markets using real-time data. This includes an NBA model meant to predict events seconds before they happen.