For raw at high frame rates, high end cameras don't use SD cards but things like CFexpress which absolutely can keep up (and there are also various compressed RAW formats these days which apply a degree of lossy compression to reduce file size).
As I understand it, the reason some professional sports photographers don't shoot RAW (or it's less important) is more because they are in an environment where publishing quickly is important, so upload speeds matter and there isn't really much time to postprocess.
As I understand it, the reason some professional sports photographers don't shoot RAW (or it's less important) is more because they are in an environment where publishing quickly is important, so upload speeds matter and there isn't really much time to postprocess.