- Crypto gambling site Stake.com has become the world's seventh largest gambling group by revenues, generating $2.6bn in gross gaming revenues last year.
- The platform was founded in 2017 by Ed Craven and Bijan Tehrani, who met while playing the online game RuneScape.
- Stake.com has spent heavily on advertising and high-profile sponsorship deals, including with Premier League club Everton and Alfa Romeo's F1 team.
- The site is licensed in Curaçao and has a pending non-crypto gambling licence application in Australia, with other licences nearing approval.
- Stake.com's success may be due to the natural fit between gambling and crypto, both of which attract customers willing to take risks.
Financial Times — World — Crypto gambling — Gambling Industry — Asia-Pacific Companies — Cryptocurrencies
Stake.com: the Aussie gambling minnow that made it big on crypto
Stake.com, a crypto gambling site founded in 2017, has become the world’s seventh largest gambling group with $2.6bn in gross gaming revenues last year. The platform offers casino games and sports betting, and has spent heavily on advertising and high-profile sponsorships. Stake.com is licensed in C