Betting Tech Rivals Settle Antitrust, Patent Dispute

By Editorial Team

Sports technology company Panda Interactive has reached a settlement in its patent dispute with rival Sportradar. The agreement has led Panda Interactive to request a Texas federal judge to stay all activities in the case for 30 days while finalizing the terms of the settlement.

The settlement marks the end of a legal battle between the two betting tech rivals, which were embroiled in both antitrust and patent infringement claims.

Panda Interactive and Sportradar have not disclosed the specific terms of the settlement agreement. However, the resolution of the dispute indicates a mutual agreement to avoid further litigation and move forward with their respective business operations.

Both companies are prominent players in the sports technology industry, providing innovative solutions for sports betting and data analytics. The settlement is expected to allow them to focus on their core business activities without the distraction of ongoing legal proceedings.

For more information on the case, interested parties can refer to the attached documents, including the motion filed with the court.

Stay tuned for further updates on this developing story.