Ever wonder who’s behind Stake.com, that huge online casino? It’s a pretty big deal in the crypto gambling world, and it turns out the main people involved are from Australia. This article will pull back the curtain on the stake casino owner, looking at the people who started it, how it works globally, and some of the problems it has faced.
Key Takeaways
- Edward Craven and Bijan Tehrani are the main people behind Stake.com, coming from Australia.
- Stake.com uses cryptocurrency for all its transactions and is thought to be worth a lot of money.
- The company has faced lawsuits and regulatory issues in different countries.
- Stake.com has a big marketing presence, including celebrity endorsements.
- The business operates with a global team, though its main operating company is based in Curacao.
Unmasking the Stake Casino Owner
Edward Craven: The Australian Brains Behind Stake.com
So, who’s the big boss at Stake.com? Well, the name that keeps popping up is Edward Craven. He’s the Aussie behind the whole operation. Word on the street is he’s the main guy, the brains of the operation. He’s been building up his profile since 2017 as the public face of Stake.com. But here’s a twist: he often goes by Edd Miroslav online. Why the alias? Former staff say it’s for privacy, given how popular the site is. It’s like a Clark Kent situation, but for crypto gambling. Stake is eyeing an expansion into sports betting.
Bijan Tehrani: Co-Founder and Partner
But Craven isn’t alone. There’s another name in the mix: Bijan Tehrani. He’s the co-founder and partner. How did Craven and Tehrani become friends? That’s a bit of a mystery. Some say they got into the online casino world together when they were young, starting with Primedice.com. Craven was just 18, and Tehrani was 20. In 2016, they created Easygo, which developed games for online casinos and helped turn Stake.com into a powerhouse. It’s a classic partnership, two guys building an empire from the ground up.
The Easygo Gaming Connection
Speaking of Easygo, it’s not just a side project. It’s deeply connected to Stake.com. Several staff members use Easygo and Stake.com interchangeably on their LinkedIn profiles. They list their jobs as senior positions at Stake.com. The Facebook transparency pages for Stake.com and Primedice.com also show that most of the staff administrating those pages are based in Australia. It’s all connected, a web of companies and people working together to make Stake.com a success. It’s interesting how these connections are maintained, especially given the regulatory scrutiny Stake faces. You can find the best games to play on Stake.us in 2025.
Unmasking the people behind Stake.com reveals a complex network of individuals and companies. It’s not just about one person; it’s about a team, a vision, and a lot of hard work. The story of Stake.com is a story of ambition, innovation, and a bit of mystery.
The Global Footprint of Stake.com
Stake.com’s reach is pretty impressive, spanning continents and cultures. It’s a global operation, no doubt about it. But where exactly does this online casino have its roots and how does it navigate the tricky world of international regulations? Let’s take a look.
Caribbean Licensing and Operations
Stake.com operates under a license from Curacao, a Caribbean island known for its relatively relaxed regulatory environment. This allows them to offer online gambling services to a global audience. It’s a strategic move, giving them access to markets that might otherwise be closed off. However, this also means they face scrutiny regarding their licensing and compliance in other regions. The fine print on Stake.com says the business is owned and operated by a company based in Curacao. Curacao has offered online gambling providers looser regulations and oversight than jurisdictions such as the US, the UK and Australia.
Australian Origins and Staff Presence
Despite its Caribbean licensing, Stake.com has strong ties to Australia. Edward Craven, one of the co-founders, is Australian, and the company maintains a significant staff presence there. They even claim to employ over 300 people at their Australian headquarters. Game development happens in Australia. It’s interesting how they balance their operations across different locations, isn’t it?
International Regulatory Challenges
Operating in the online gambling industry means constantly dealing with a patchwork of regulations. Stake.com faces numerous challenges in navigating these international waters. They’ve been accused of operating without required licenses in several countries, leading to fines and blocks by gambling authorities. It’s a constant battle to stay compliant and avoid legal trouble. The 24 scheduled Grands Prix for 2024 reach into every corner of the globe, including in markets where online gambling, or gambling advertising, is illegal. To break down this barrier, Stake has committed to a dual brand strategy, where Kick, the video streaming platform founded by Craven, will replace Stake in countries where gambling branding is prohibited. Kick.com is widely used for online gambling streaming. Stake is everywhere and nowhere. In February 2024, Stake expanded its involvement in Formula 1 by rebranding the Sauber team as the "Stake F1 Team."
Stake has committed to a dual brand strategy, where Kick, the video streaming platform founded by Craven, will replace Stake in countries where gambling branding is prohibited. Kick.com is widely used for online gambling streaming.
Stake.com’s Business Model and Value
Stake.com has carved out a unique space in the online gambling world. It’s not just another casino; it’s a business built on cryptocurrency and strategic partnerships. Let’s break down how they make money and what they’re worth.
Cryptocurrency Integration for Transactions
Stake.com’s core is its use of cryptocurrency. Forget traditional currencies; they deal exclusively in digital assets like Bitcoin and Ethereum. This makes transactions fast and, in some ways, more private. Players deposit crypto from their wallets, play using US dollars on the site, and withdraw winnings back into crypto. It’s a clever system that sidesteps some of the usual banking regulations. The beauty of Stake.com is how easy it is to use if you are already exposed to the cryptocurrency world. It’s a gimmick, sure, but it’s also a way to legally avoid dealing with highly regulated banks.
Estimated Billion-Dollar Valuation
Just how much is Stake.com worth? Estimates put it in the billion-dollar range. This valuation isn’t just based on revenue; it’s also about their brand recognition and market position. They’ve built a global presence, reaching almost every country. That’s powerful messaging for a company operating at a global capacity.
Sports Betting Expansion Ambitions
Stake.com isn’t content with just casino games. They’re heavily invested in sports betting. They offer a sportsbook with a huge range of sports, from the NBA to English Premier League. They’re even looking to expand into horse race betting. In February 2024, Stake expanded its involvement in Formula 1 by rebranding the Sauber team as the "Stake F1 Team." This is a big move that shows they’re serious about sports betting and growing their brand. They’ve also partnered with content aggregator accounts on X to include a watermark advertising Stake.
Controversies and Legal Challenges
Stake.com hasn’t exactly had a smooth ride. It’s faced its fair share of storms, from allegations of exploiting vulnerable people to high-profile legal battles and even a major hacking incident. It’s a wild west out there, and Stake has been right in the thick of it.
Allegations of Exploiting Gambling Addiction
One of the biggest criticisms leveled against Stake is that it allegedly preys on individuals struggling with gambling addiction. Critics argue that its marketing tactics, particularly those targeting young adults through social media and celebrity endorsements, are irresponsible. The ease of access to mobile slot machines and the use of cryptocurrency, which can obscure transactions, are also seen as contributing factors. It’s a serious accusation, and one that Stake has struggled to shake off. Is it fair? Maybe. Maybe not. But the perception is definitely out there.
Lawsuits and Jurisdictional Disputes
Stake has been hit with several lawsuits, often involving jurisdictional complexities. One notable case was a $580 million lawsuit dismissed by a federal judge in Manhattan due to jurisdictional issues. The plaintiff, Christopher Freeman, claimed he was iced out of the business using shady tactics. These legal battles highlight the challenges of regulating online gambling platforms that operate across international borders. It’s a legal minefield, and Stake seems to be constantly stepping on mines. Navigating these waters is tough, especially when laws vary so much from place to place. It’s a constant game of cat and mouse.
High-Profile Hacking Incident
In September 2023, Stake suffered a massive security breach, with over $41 million stolen from its Ethereum wallets. The FBI attributed the attack to North Korea’s Lazarus Group. This incident not only caused significant financial damage but also raised serious questions about Stake’s security protocols and its ability to protect user funds. It’s a nightmare scenario for any online platform, and it shook the confidence of many users. The fallout from the hack is still being felt, and Stake is working hard to regain trust. It’s a long road ahead, but they’re determined to get there. The incident also highlighted the risks associated with fast payout online casinos and the need for robust security measures in the cryptocurrency space.
The match-fixing case was resolved entirely in Stake’s favor. Stake’s spokeswoman said the match-fixing case was resolved entirely in Stake’s favor. It’s a complex situation, and it’s important to consider all sides of the story. Stake has faced numerous challenges, but they’ve also shown resilience in the face of adversity.
Marketing and Public Persona
Drake’s Endorsement and Brand Ambassadorship
Stake.com’s marketing strategy heavily relies on celebrity endorsements, and Drake is their biggest name. His involvement isn’t just a casual thing; he’s a full-blown brand ambassador. Think about it: Drake streams himself playing on Stake, hosts events, and generally promotes the platform to his massive following. This brings a certain level of cultural cachet, even if it’s controversial. It’s a calculated move to reach a younger, more digitally savvy audience. The question is, does it work? Well, the numbers don’t lie. Stake’s visibility has skyrocketed since Drake jumped on board. It’s a high-risk, high-reward strategy, and so far, it seems to be paying off. But at what cost?
Edward Craven’s Online Alias: Edd Miroslav
Edward Craven, one of the key figures behind Stake, maintains a low profile, but he does have an online presence under the alias "Edd Miroslav." This alias allows him to engage with the community and manage his image without the full weight of his real identity. It’s a way to stay connected, get feedback, and maybe even test the waters with new ideas. It’s a smart move, giving him a degree of separation while still being involved. It’s like having a secret identity, but for business. It’s a way to control the narrative, to some extent. It’s a bit like Clark Kent and Superman, but with less flying and more crypto. It’s a way to keep a pulse on things without being constantly in the spotlight. It’s a delicate balance, but it seems to work for him.
Social Media Presence and Community Engagement
Stake.com is all over social media. They’re on Twitter, Instagram, and even dabbling in TikTok. They’re trying to build a community, not just a customer base. They run contests, share memes, and try to create a sense of belonging. It’s all about engagement. They want people to feel like they’re part of something bigger. It’s a smart strategy, but it’s also a lot of work. You have to be constantly creating content, responding to comments, and managing the overall vibe. It’s a 24/7 job. But if you do it right, it can pay off big time. A strong social media presence can be a game-changer. It’s about building trust, creating loyalty, and making people feel like they’re part of the best games on Stake.us. It’s not just about selling a product; it’s about building a relationship. Stake seems to understand this, and they’re putting in the effort. They are also trying to create enhanced user engagement through social media.
Stake’s marketing is aggressive and targeted. They know who they’re trying to reach, and they’re not afraid to use controversial tactics to get their attention. It’s a high-stakes game, and they’re playing to win. But is it ethical? That’s the question everyone’s asking.
Here’s a quick look at their social media stats (as of today, June 21, 2025):
| Platform | Followers | Engagement Rate |
|---|---|---|
| 500k+ | 2% | |
| 1M+ | 5% | |
| TikTok | 200k+ | 10% |
It’s clear they’re doing something right. But the real test is whether they can maintain this momentum in the long run. And whether the Mr. Beast Casino App will ever be real.
Regulatory Scrutiny and Licensing Issues
Stake.com’s rapid rise hasn’t gone unnoticed by regulatory bodies. In fact, they’ve been under the microscope quite a bit. Operating in the murky waters of online gambling and cryptocurrency presents unique challenges, and Stake.com has faced its fair share of hurdles.
Operating Without Required Licenses in Various Countries
One of the biggest issues for Stake.com is operating in countries without the proper licenses. It’s a bit of a gray area, especially with crypto casinos. They might have a license in one jurisdiction, but that doesn’t automatically make them legal everywhere. This has led to some serious problems. For example, a lawsuit alleges Stake.us operates illegally in California.
Fines and Blocking by Gambling Authorities
Because of these licensing issues, Stake.com has faced fines and even been blocked by gambling authorities in several countries. It’s a constant game of cat and mouse. They pop up, regulators crack down, and then they try to find another loophole. It’s a tough business, no doubt. Stake.com is not legal for play in Ontario.
Withdrawal of UK Gambling License
Perhaps the most significant blow was the withdrawal of their UK gambling license. This happened after complaints about an ad featuring a porn actress. The ad was deemed to be using sexual content to attract young customers. Ouch. That’s a big no-no in the UK, and it resulted in the closure of their UK business. It’s a reminder that even in the seemingly unregulated world of online gambling, there are still lines you can’t cross.
Operating in the online gambling space requires a delicate balance. Companies must navigate complex regulations, adapt to changing laws, and maintain a squeaky-clean image. Stake.com’s journey highlights the challenges and pitfalls of this industry.
Stake operates legally with a Curaçao license, but that doesn’t mean they’re in the clear everywhere. It’s a global game, and the rules are constantly changing. It’s a wild ride, to say the least.
The Operational Structure of Stake.com
Stake.com’s operational structure is a bit of a puzzle, isn’t it? It’s not always clear how everything fits together, but let’s try to break it down.
Distributed Global Teams and Functions
Stake.com operates with teams spread across the globe. You’ll find staff in places like Serbia, Australia, and Cyprus. This distributed model allows them to tap into different talent pools and operate around the clock. It’s a modern approach, but it can also create challenges in terms of coordination and communication. The global reach from inception crypto casinos is a big advantage.
Medium Rare NV: The Operating Company
The official operator of Stake.com is a company called Medium Rare NV. They’re incorporated in Curaçao, a Caribbean island known for its online gambling licenses. Medium Rare NV holds the online casino license that allows Stake.com to operate. However, digging into Medium Rare NV doesn’t reveal much. The company records are pretty bare, not showing directors or shareholders. The listed address even seems to point to an old warehouse that houses a catering business. It’s all a bit mysterious, isn’t it?
Taxation and Employment Practices
Taxation and employment practices are always a hot topic when it comes to companies with a global presence. With teams scattered around the world, Stake.com likely navigates a complex web of tax laws and employment regulations. It’s not always easy to keep up with the different rules in each country. How they handle these issues behind the scenes is anyone’s guess. Stake Gold Coins are virtual currency for gaming.
It’s important to remember that the information available to the public is often limited. Companies like Stake.com often keep their internal operations closely guarded. This makes it difficult to get a complete picture of how they function.
Stake.us is a social casino launched in 2022.
Wrapping Things Up
So, what have we learned about Stake.com and its owners? It’s a pretty big deal in the online casino world, making a lot of money. But it also has its share of problems, like legal issues and questions about where it’s really based. The story of Stake.com is a good reminder that things in the online gambling space can be complicated, with a lot going on behind the scenes. It’s not always as simple as it looks, and there are always new things to learn about how these big companies operate.
Frequently Asked Questions
Who owns Stake.com?
Edward Craven, an Australian, is the main person behind Stake.com. He started it with his friend Bijan Tehrani.
How much is Stake.com worth and how does it make money?
Stake.com is worth a lot of money, probably over a billion dollars. It makes money by letting people bet with cryptocurrencies like Bitcoin.
What kind of problems has Stake.com run into?
Stake.com has faced problems like people saying it makes gambling addiction worse. It’s also been sued and had a big hacking attack where millions of dollars were stolen.
Does anyone famous work with Stake.com, and does the owner use a fake name?
Yes, famous rapper Drake helps promote Stake.com. Edward Craven also uses a different name, Edd Miroslav, when he talks to people online.
Has Stake.com had issues with licenses in different countries?
Stake.com has gotten in trouble for not having the right licenses to operate in some countries. They’ve been fined and even blocked in places like Denmark and Spain. They even gave up their license in the UK.
How is Stake.com set up and where does it operate from?
Stake.com is run by a company called Medium Rare NV, which is based in Curacao. Even though it’s officially there, many of its staff and operations are in Australia, and its customer support is in Serbia.
