Genius Sports Statement Following Settlement of Litigation with Sportradar

Rhea-AI Summary

The litigation between Genius Sports and Sportradar has been resolved, allowing Genius Sports to continue licensing and marketing FDC data. Genius Sports retains exclusive rights to provide low latency Official FDC betting data rights through 2024. Sportradar has agreed to stop unofficial scouting in major leagues and has acquired a sublicense for a delayed feed marketed as the Official FDC Secondary Feed, also through 2024. The specifics of the settlement remain confidential.

Positive

• Resolution of litigation allows Genius Sports to continue licensing FDC data.
• Exclusive rights to low latency Official FDC betting data extended through 2024.
• Sportradar's agreement to refrain from unofficial scouting strengthens Genius Sports' market position.

Negative

• None.

NEW YORK & LONDON--(BUSINESS WIRE)-- The litigation has been resolved. The resolution enables FDC to continue to license and market FDC data, in future as it determines. Genius Sports shall maintain the exclusive right to provide low latency Official FDC betting data rights through 2024.

Sportradar has agreed to refrain from unofficial in-stadia scouting of Premier League, Football League, and Scottish Professional Football League matches, and has purchased a sublicense from Genius Sports for a delayed feed to be marketed as the Official FDC Secondary Feed, through 2024. The remaining terms of the settlement are confidential.

ENDS

About Genius Sports

Genius Sports is the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media. Our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences for the entire sports industry.

We are the trusted partner to over 400 sports organizations, including many of the world’s largest leagues and federations such as the NFL, EPL, FIBA, NCAA, NASCAR, AFA and Liga MX.

Genius Sports is uniquely positioned through cutting-edge technology, scale and global reach to support our partners. Our innovative use of big data, computer vision, machine learning, and augmented reality, connects the entire sports ecosystem from the rights holder all the way through to the fan.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221010005708/en/

Press:

Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

chris.dougan@geniussports.com

Investors:

Brandon Bukstel, Investor Relations Manager

+1 (954)-554-7932

brandon.bukstel@geniussports.com

Source: Genius Sports