Stake.com: A Crypto Casino with Global Recognition
Nearly a decade ago, two visionaries saw the potential of cryptocurrency in gambling and launched Stake.com. Today, this crypto-backed casino serves millions of users and processes billions in fiat and crypto transactions.
Despite its success, many still wonder who owns Stake.com, the pioneering casino that reshaped iGaming with transparent and secure blockchain technology.
Founded in 2017, Stake.com Expands Globally
Australian entrepreneurs Ed Craven and Bijan Tehrani established Stake.com in 2017. Currently, Medium Rare NV, a Curacao-registered company, operates the platform.
With an online license from Curacao, Stake.com legally offers its services across multiple jurisdictions. Many gambling operators opt for Curacao or Malta licenses to reach a global audience.
Besides Curacao, Stake.com holds licenses in Peru, Mexico, and Colombia. The platform also operated under TGP Europe Ltd in the UK but recently decided to exit the market as part of a strategic shift.
Meet the Visionaries Behind Stake.com
Stake.com offers diverse gaming options, including slots, blackjack, roulette, and sports betting. The casino also features live dealer streams, creating immersive gaming experiences.
The platform’s rapid success has led many to ask: Who owns Stake.com? The answer lies with its co-founders, Ed Craven and Bijan Tehrani.
Before launching Stake.com, the duo entered the gambling industry in 2013 with Primedice, a cryptocurrency-based online dice game. In 2016, they established Easygo, an online casino game development company.
A year later, they co-founded Stake.com, aiming to disrupt online gambling with blockchain technology. The platform expanded into sports betting in 2019 and has since grown its global presence through strategic innovations.
Stake Continues to Grow Year After Year
Despite this, Stake keeps expanding its market presence, steadily increasing revenue year after year. In 2023, Forbes Australia reported the platform generated $2.6 billion.
A more recent Forbes report estimated Ed Craven’s real-time net worth at $2.8 billion while revealing Stake.com’s staggering $4.7 billion revenue in 2024.
These impressive figures come even as Stake remains unavailable in the United States and prepares to exit the UK market.
Announcing its UK withdrawal, Stake stated it had “mutually agreed with TGP Europe to exit white-label agreements and focus on securing local licenses.”
Instead, Stake will prioritize regulated markets like Italy and Brazil, where it has recently expanded.
Although Europe’s tightening cryptocurrency gambling regulations may have had some effect, they have not significantly impacted Stake’s rapid growth.
The Crypto Casino Expanded Significantly in Recent Years
Stake’s popularity surged during the pandemic, largely due to partnerships with prominent Twitch streamers.
By 2022, Stake had collaborated with major online personalities, including xQc, Trainwreckstv, and global music icon Drake.
Through this partnership, Stake promised to introduce “an entirely new gaming experience” for its users, further solidifying its reputation.
Stake’s rapid rise led Twitch to introduce new gambling restrictions in September 2022, banning unlicensed casino streams in the U.S.
These changes affected multiple regions, aiming to enhance consumer protection and limit exposure to unregulated gambling content.
As a response, Stake’s founders Ed Craven and Bijan Tehrani, alongside streamer Trainwreckstv, launched Kick, a competing live-streaming platform.
Kick debuted in late 2022, providing an alternative space for gambling-related content while challenging Twitch’s dominance.
Aggressive Marketing and Sponsorships Fuel Stake’s Growth
Stake’s success is also driven by strategic marketing, supporting both crypto and fiat transactions to appeal to a broad audience.
Since gaining mainstream popularity in 2022, Stake has secured several high-profile sponsorship deals.
A key partnership came in 2021 when former UFC Middleweight Champion Israel Adesanya became a Brand Ambassador.
That same year, Stake also signed a major sponsorship agreement with UFC, covering Asia and Latin America.
These sponsorships, combined with innovative marketing strategies, continue to propel Stake’s global expansion.
In 2022, Stake secured a multi-year deal with former Argentine football star Sergio Aguero as its Global Brand Ambassador.
This followed the platform’s first-ever football team partnership in 2021 with Watford FC, becoming the club’s main sponsor.
Stake continues to forge new sponsorships, expanding into key markets and launching fresh activations to enhance its global reach.
Stake.com Delivers Unmatched Gaming Experiences
Discussions around Stake’s ownership highlight its founders’ pivotal role in shaping the future of crypto-based wagering.
Ed Craven and Bijan Tehrani built a platform that merges transparency, security, and crypto innovation with seamless online gambling.
By leveraging cutting-edge technology, Stake ensures its growing global audience enjoys fair, secure, and engaging gaming experiences.
