Stake.com is the world’s biggest online crypto casino and the company has successfully reached the mainstream with its aggressive marketing campaigns (and some controversies). Even though Stake.com is almost certainly a highly lucrative business, there’s very little information available to the public about its profitability and internal operations.
Unfortunately, there is no official public information about Stake’s owners, but it’s very likely that Stake.com co-founders Ed Craven and Bijan Tehrani both own a significant portion of the company.
Who owns Stake Casino?
Stake.com was founded in 2017 by Australian entrepreneurs Ed Craven and Bijan Tehrani. The platform is operated by Medium Rare NV, a company that’s incorporated in Curaçao and also holds an online casino license in the country.
Craven and Tehrani’s endeavors in the gambling space started in 2013, when they launched Primedice in 2013. Primedice was an online dice game where users could gamble using cryptocurrencies. In 2016, the duo created Easygo, a company that developed games for online casinos.
The two entrepreneurs launched Stake.com in 2017. After the stunning success of the platform, the duo’s next major move came in 2022, when they launched the live streaming platform Kick.
The ownership structure of Stake.com is not public information as the company is owned privately. However, it’s likely that both Ed Craven and Bijan Tehrani both still hold significant stakes in the company. According to Forbes Australia, Craven and Tehrani both have an estimated net worth of $1.3 billion. The publication also reports that Stake generated $2.6 billion in revenue in 2023.
The current CEO of Stake.com is Mladen Vučković, although it’s unclear whether Vučković has an ownership stake in the company or not.
About Stake.com
Stake.com is an online cryptocurrency casino and sportsbook that enables users to deposit and place bets using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). As a crypto-focused betting platform, Stake.com caters to both casino gaming and sports betting enthusiasts.
Many of the casino games on Stake.com utilize provably fair technology, which ensures that game outcomes are random and transparent, fostering trust between the platform and its users. Stake.com is also a member of the Crypto Gambling Foundation, an organization dedicated to promoting best practices for provably fair online games.
Beyond its casino offerings, Stake.com provides sports betting options across various popular sports such as soccer, basketball, and baseball.
Stake.com is known for its aggressive marketing tactics, and the company has signed several high-profile sponsorship deals in the sports industry. Stake.com has sponsorship deals with Premier League football team Everton, UFC fighter Israel Adesanya, and also sponsors the Stake F1 Team in Formula One.
According to reports, Stake.com also has a $100 million dollar per year endorsement deal with superstar rapper Drake.
The bottom line
Stake.com is most likely largely owned by business partners Ed Craven and Bijan Tehrani, a who founded the company in 2017. If there are also any other individuals or investors who have an ownership stake in Stake.com, they haven’t been disclosed publicly. The Stake.com platform is operated by Medium Rare NV, which is registered in Curaçao and holds an online casino in the country.
If you want to learn more about the online gambling sector, make sure to take a look at our list of the best crypto casinos.