Who owns Stake? Ed Craven, Bijan Tehrani and the companies the filings name
Who owns Stake: what the filings show
Stake.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.
Piece published Reviewed by CryptoGuardz Register Desk, editorial desk
Stake is owned, according to every public document that names anyone, by Ed Craven and Bijan Tehrani through the Easygo group in Melbourne. Stake.com itself is run by Medium Rare N.V., Curacao company 145353, and Stake.us by Sweepsteaks Limited, Cyprus company HE436222. Forbes reports the business is "split 50/50" between the two founders. No company register this desk could read on 8 October 2026 states who holds the shares.
That gap is the point of this page. The brand on the shirt, the company on the licence and the people on the rich list are three different layers, and only the first two are written down where a player can check them.
Which company operates Stake.com?
Medium Rare N.V., a Curacao company. Clause 1.1 of the Stake.com terms, read on 8 October 2026, says:
Stake.com is owned and operated by Medium Rare, N.V., a company with head office at Seru Loraweg 17, B, Curaçao.
The same clause names the licence: "Medium Rare N.V. is licensed by the Curaçao Gaming Authority under license number OGL/2024/1451/0918." The site footer adds the registration number, 145353.
The Curacao Gaming Authority's own registry of 16 September 2026 carries the same company and number, but not the same picture of the licence:
191. OGL/2024/1451/0918 Medium Rare N.V. B2C 145353 December 09, 2025 June 09, 2026 Assessment in progress
The registry has no column for directors, shareholders or domains. It names the licensee and nothing above it. The status gap between the terms and the registry is tracked on the Stake entry and on the Curacao licence status page.
Clause 1.1 also names two Cyprus companies that handle payments, both described as "wholly owned subsidiaries" of Medium Rare N.V.:
| Company | Role in the terms | Registration | Address in the terms |
|---|---|---|---|
| Medium Rare N.V. | Owner and operator, licensee | Curacao 145353 | Seru Loraweg 17 B, Curacao |
| Medium Rare Limited | Payment processing subsidiary | Cyprus HE 410775 | Agioi Omologites, Nicosia |
| MRS Tech Ltd | Payment processing subsidiary | Cyprus HE 477481 | Pervolia, Larnaca |
| Sweepsteaks Limited | Owner and operator of Stake.us | Cyprus HE436222 | Perivolia, Larnaka |
The register entry for Stake, last reviewed in September, recorded the two payment agents with "no jurisdiction or registration number disclosed". The terms read on 8 October 2026 now give both numbers. That is a change in the operator's documents, not a correction by this desk.
Which company operates Stake.us?
Sweepsteaks Limited, a Cyprus company. Section 1 of the Stake.us terms:
The Platform is provided by Sweepsteaks Limited, a company duly incorporated under Cyprus law, with the register number HE436222 and registered office at 7 Patrikiou Loumoumba, Block A, Office A13, 7560 Perivolia, Larnaka, Cyprus
The Stake.us terms name no parent. They refer only to "affiliates, subsidiaries, ultimate parent and parent companies" without naming one. Sweepsteaks Limited shares a street and a block with MRS Tech Ltd, the Stake.com payment subsidiary at Patrikiou Loumoumpa 7, Block A, Pervolia. The address is the only link the two sets of terms themselves show.
The Cyprus Department of Registrar of Companies search returned a robots block on both attempts, so the directors and shareholders of Sweepsteaks Limited, Medium Rare Limited and MRS Tech Ltd are not verified here. The Stake.us sweepstakes model is covered on the Stake.us check.
Where does Easygo fit?
Easygo is the Australian group the Stake brands sit under, on Easygo's own account. The copyright line on easygo.io names "Easygo Group Holdings Pty Ltd", and the page lists Stake, Kick, Stake Engine and Easygo Games as its brands. Its own description:
Easygo is the Australian powerhouse behind the most popular online casino
"Most popular" is Easygo's claim, unmeasured. What the Australian Business Register shows is narrower and checkable:
| Entity | ABN | Active from | ACN | Location |
|---|---|---|---|---|
| Easygo Solutions Pty Limited | 99 611 437 668 | 1 Apr 2016 | 611 437 668 | VIC 3000 |
| Easygo Entertainment Pty Ltd | 47 663 685 729 | 8 Nov 2022 | 663 685 729 | VIC 3000 |
| Kick Streaming Pty Ltd | 59 663 807 645 | 14 Nov 2022 | 663 807 645 | VIC 3000 |
| Easygo Group Holdings Pty Ltd | 50 676 669 686 | 1 May 2024 | 676 669 686 | VIC 3000 |
All four are recorded as Australian private companies. The ABR does not publish directors or shareholders. ASIC does, through paid extracts, and the free ASIC Connect search returned an empty page to this desk's fetch. The officeholders of these four companies are therefore not verified from ASIC.
A further eight Easygo entities registered in Melbourne's VIC 3000 postcode appear in the ABR search, including Easygo IP Holdings, Easygo Service Holdings and Easygo Tech. The register alone does not prove they belong to the same group, so they are left out of the table.
The Florida Attorney General's complaint of 19 August 2026 puts the relationship in pleading form. Paragraph 8 alleges that "Easygo is the primary corporate entity behind the Stake brand and owns, operates, manages, controls, and directs the Stake platform". Paragraph 9 alleges that "Medium Rare operates the Stake platform as part of the same global enterprise". These are allegations in a complaint, untested by any court.
Who are Ed Craven and Bijan Tehrani?
The two co-founders of Easygo and Stake. Forbes, in a profile first published on 7 June 2024, says the pair founded Easygo in spring 2016 with 18 employees, that "Easygo launched Stake the following year", and that the company is:
still self-funded and split 50/50 between Craven and Tehrani
That 50/50 split is the only ownership percentage this desk found in a named publication. It is Forbes's reporting, not a register entry, and it has not been confirmed against an ASIC shareholder extract.
The Florida complaint goes further, at paragraph 14: "Defendants Tehrani and Craven co-founded, wholly own, and control Easygo and its affiliated entities". Again an allegation. The same complaint names Sweepsteaks Ltd., Easygo Group Holdings Pty Ltd., Medium Rare N.V. and Kick Streaming Pty Ltd. as defendants alongside the two men. That litigation, and the separate Virginia class action, are covered in the Stake.us lawsuits and the Drake Stake lawsuit.
Ed Craven net worth: what the rich lists publish
This desk does not estimate anyone's wealth. These are the figures named publications have printed, with their dates:
| Publication | Figure | Person | Date |
|---|---|---|---|
| Forbes, real-time profile | US$2.2 billion | Ed Craven | as of 3 Oct 2026 |
| Forbes, real-time profile | US$2.2 billion | Bijan Tehrani | as of 7 Oct 2026 |
| Forbes 2026 Billionaires list | rank 1913 | each | 2026 list |
| Forbes article | US$1.3 billion estimated, each | both | 7 Jun 2024 |
The two Forbes profiles describe the source of wealth in identical words, "Online casino, Self Made". The Australian Financial Review publishes its own Rich List and Young Rich List, which are widely quoted for Craven's figure. The AFR site blocked this desk's fetch on both attempts, so no AFR figure is reproduced here: not verified.
Forbes does not publish its method on the profile pages. A rich-list figure for a private company with no published accounts is a journalist's estimate, and the table should be read that way.
How much revenue does Stake make?
Three figures are in print, from two sources, for different things.
| Figure | What it measures | Period | Source |
|---|---|---|---|
| US$2.6 billion | Stake revenue | 2023 | Forbes, 7 Jun 2024 |
| US$4.7 billion | Stake.com gross revenue | 2024 | Forbes profile of Bijan Tehrani |
| A$970 million revenue, A$257 million profit | Easygo Group Holdings accounts | year to 30 June 2025 | The Australian, citing ASIC filings, as reported by SBC News, 23 Dec 2025 |
Forbes also reports that "between 2020 and 2022, Stake's gross gaming revenue rose from around $100 million to more than $2 billion". None of the Forbes figures cites a filing, and Medium Rare N.V. publishes no accounts. They are reported estimates.
The Easygo figure comes from statutory accounts lodged with ASIC, but this desk read it second-hand: The Australian is paywalled, and the ASIC document itself was not retrieved. The Australian company's revenue and Stake's gross revenue are not the same number and should not be compared as if they were. Which entity books the casino's gaming revenue is not disclosed. The economics behind those numbers are set out in how a crypto casino makes money.
Is Kick owned by the Stake founders?
The documents point the same way without a register saying so. Easygo's own homepage lists Kick as one of its brands. The ABR shows Kick Streaming Pty Ltd active from 14 November 2022 in the same Melbourne postcode as the Easygo companies. Formula1.com reported on 15 December 2023 that Sauber would race as "Stake F1 Team Kick Sauber" in 2024 and 2025, with Kick holding the chassis name. The Florida complaint alleges at paragraph 11 that "Kick operates as part of the integrated Stake enterprise under the common ownership and control of Defendants Ed Craven and Bijan Tehrani".
Kick's own terms and privacy pages did not render a company name to this desk's fetch on either attempt, so the Kick operating entity is not verified from Kick's documents. Forbes reported in 2024 that the founders "used some of their Stake riches to launch Kick". The Formula1.com article said the Stake and Kick name would run for two seasons "before rebranding as Audi in 2026".
What this does not show
The shareholders of Medium Rare N.V. The Curacao Chamber of Commerce site refused this desk's fetch under robots rules, and the CGA registry has no owner column. The directors and shareholders of any Easygo company, which sit behind a paid ASIC extract. Whether the 50/50 split Forbes reported in 2024 still holds in October 2026. Any AFR Rich List figure. Each of these is not verified.
Nothing in these filings bears on whether Stake pays out. That is in the register entry, the Curacao licence tracker, and is Stake legit. The ownership pattern for the other 23 register operators is in who owns the crypto casinos.
Quick answers
Who owns Stake?
Forbes reports Ed Craven and Bijan Tehrani split the business 50/50. The operating company is Medium Rare N.V., Curacao 145353, per clause 1.1 of the terms. No public register read on 8 October 2026 names the shareholders. See the Stake entry.
Who owns Stake.us?
Sweepsteaks Limited, Cyprus HE436222, per section 1 of the Stake.us terms. The terms name no parent. The Florida complaint alleges common ownership with Easygo. See the Stake.us check.
What is Ed Craven's net worth?
Forbes listed US$2.2 billion as of 3 October 2026 and ranked him 1913 on its 2026 Billionaires list. That is a Forbes estimate, not a filed figure.
What is Stake's revenue?
Forbes reported US$4.7 billion of gross revenue for 2024. Easygo Group Holdings reported A$970 million revenue for the year to 30 June 2025, per The Australian. The two measure different things. See how Stake makes money.
Where can I get help with gambling?
Gambling Therapy offers free international support at gamblingtherapy.org, and more options are on the responsible gambling page.
Sources
- Stake terms and conditions, clause 1.1 and footer, retrieved 8 October 2026
- Stake.us terms of service, section 1 and footer, retrieved 8 October 2026
- Curacao Gaming Authority online gaming licence registry, 16 September 2026, retrieved 8 October 2026
- Australian Business Register, Easygo Group Holdings Pty Ltd, ABN 50 676 669 686, retrieved 8 October 2026
- Australian Business Register, Easygo Solutions Pty Limited, ABN 99 611 437 668, retrieved 8 October 2026
- Australian Business Register, Easygo Entertainment Pty Ltd, ABN 47 663 685 729, retrieved 8 October 2026
- Australian Business Register, Kick Streaming Pty Ltd, ABN 59 663 807 645, retrieved 8 October 2026
- Easygo homepage, retrieved 8 October 2026
- Florida v. Sweepsteaks Ltd. et al., complaint filed 19 August 2026, Hillsborough County
- Forbes, These Entrepreneurs Went All In On A Crypto Casino, 7 June 2024, updated 31 March 2025
- Forbes profile, Ed Craven, as of 3 October 2026, retrieved 8 October 2026
- Forbes profile, Bijan Tehrani, as of 7 October 2026, retrieved 8 October 2026
- SBC News, Has Stake ownership achieved its 2025 goals, 23 December 2025
- Formula1.com, Sauber's new team name unveiled, 15 December 2023
- CryptoGuardz register entry for Stake
About this piece
Compiled by the CryptoGuardz register team from the sources listed above. Research and drafting are AI-assisted and reviewed by a named editor before publication. Nothing here is a recommendation to gamble. If a figure or a reading is wrong, tell us and the correction is logged in public.