PANDA Interactive Files Suit Against Sportradar And Genius Sports For Infringing Its Foundational Sports Betting And Interactive Streaming Technology Patents
Portfolio Pulse from Benzinga Newsdesk
SportsCastr Inc., operating as PANDA Interactive, has filed two separate complaints for infringement on its interactive streaming technology patents against Sportradar Group AG (NASDAQ:SRAD) and Genius Sports Limited (NYSE:GENI). The complaints were filed in the US District Court for the Eastern District of Texas. PANDA Interactive's technology combines actionable betting odds with any live or on-demand broadcast, aiming to enhance the fan-viewing experience.
October 10, 2023 | 12:49 pm
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Genius Sports Limited is facing a patent infringement lawsuit filed by PANDA Interactive. The outcome of the lawsuit could potentially impact Genius Sports' operations and financials.
The lawsuit filed by PANDA Interactive could potentially lead to financial liabilities for Genius Sports Limited if they are found guilty of patent infringement. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Sportradar Group AG is facing a patent infringement lawsuit filed by PANDA Interactive. The outcome of the lawsuit could potentially impact Sportradar's operations and financials.
The lawsuit filed by PANDA Interactive could potentially lead to financial liabilities for Sportradar Group AG if they are found guilty of patent infringement. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100