Analysis topic
Photo: Leo_Visions / UnsplashStake
These pieces read the public record on Stake and Stake.us: the Curacao licence entry, company filings, the US lawsuits, the Ireland exit and the Lagos regulator's list.
Each quotes the document it relies on. The current licence and terms reading is on the Stake register entry.
Every figure in these pieces traces to a document named at the foot of the page it appears on. Nothing here is a recommendation to gamble.
11 pieces, newest first
· 8 minIs Stake legal in Canada? The Criminal Code, Ontario's market, Kahnawake and Stake's own termsUnder Criminal Code section 207, only a provincial government may conduct and manage online casino games in Canada. Stake holds no provincial registration and is not on iGaming Ontario's list of 49 operators. Its terms, read 9 October 2026, bar Ontario by name and leave the other provinces off the list, putting legality on the player. · 8 minStake revenue: how a crypto casino makes money, from its own published house edgesStake makes money from the house edge on every bet. Its own game pages state a 1% edge on Dice, Crash and Plinko, and its fairness code sets 2% on Drill. Third-party slots carry 4% to 6% on studio sheets. Forbes reported US$4.7 billion of Stake gross revenue for 2024; Stake publishes no accounts. · 8 minWho owns Stake? Ed Craven, Bijan Tehrani and the companies the filings nameStake.com is operated by Medium Rare N.V., Curacao company 145353, and Stake.us by Sweepsteaks Limited, Cyprus HE436222. Easygo Group Holdings Pty Ltd in Melbourne names Stake and Kick as its brands. Forbes reports Ed Craven and Bijan Tehrani split the business 50/50; no company register we could read names the shareholders. · 6 minIs Stake legal in India? What the 2025 Act, the state laws and Stake's own terms saySection 5 of India's Promotion and Regulation of Online Gaming Act 2025 prohibits offering online money games, and section 7 bars banks from processing them. Stake's own list of 45 prohibited jurisdictions, read on 4 October 2026, does not name India, and clause 4.5(b) puts the legal risk on the player. · 6 minSites like Stake: which casinos share its licence, coins and KYC terms, from the recordsEleven operators on the register hold a Curacao licence found in the authority's own register, as Stake does. Five of them share Stake's discretionary KYC trigger, three commit to a withdrawal timeframe that Stake's terms do not, and one licence is recorded as Expired. · 6 minIs Stake.us legal in my state? What the terms, statutes and court filings sayClause 2.1 of the Stake.us terms excludes 22 states, including California, New York, Connecticut and Montana, which have passed sweepstakes bans. Florida, Ohio, Virginia and Minnesota are not excluded, and each has a lawsuit or appeal against the operator on file. · 5 minStake banned in Nigeria: what the Lagos regulator actually published and what Stake's terms sayThe Lagos State Lotteries and Gaming Authority's own website lists Medium Rara NV, trading as Stake.com, at number 17 of 44 on its list of illegal gaming companies. The joint notice declaring Stake unlawful in 24 states circulated on LinkedIn and in trade press and was not on the regulator's site on 2 October 2026. Stake's terms list 45 prohibited jurisdictions, and Nigeria is not one. · 5 minDrake and Adin Ross Stake lawsuit: what the complaint alleged and why it was pausedA Virginia class action accusing Stake.us, Drake and Adin Ross of running an illegal casino and moving money through tips was stayed on 30 July 2026. Stake.us's terms bind players to individual arbitration unless they opted out within 30 days. · 5 minStake blocked in Ireland: what the regulator and the terms say about player balancesStake stopped serving Irish players in mid-September 2026 after contact from the Gambling Regulatory Authority of Ireland, which says it wants Irish players' deposits refunded. The regulator's own notice says casino licence applications open in 2027 and 2028. · 5 minStake.us lawsuits: what three court filings say about players' lossesTwo of three US lawsuits against Stake.us are brought by public officials and seek recovery of residents' gambling losses. The third, a private class action, was stayed in July 2026 because of the arbitration clause in Stake.us's terms. · 5 minIs Stake legit? What its own licence record saysThe licence is real, findable, and carries a term that ended three months before we looked. Two official Curacao artefacts disagree about it.