An former partner of Stake.com who claims he was excluded from the wildly successful company is suing the Australian creators of the largest bitcoin casino in the world in the US for $US400 million in damages.
However, the creators of Stake.com, Ed Craven and Bijan Tehrani, who just bought the most expensive home in Melbourne, have called the lawsuit “utterly frivolous” and “provably false.”
Stake.com Is $1 Billion Operation
The cryptocurrency casino Stake.com, which was thought to be an overseas operation, was actually formed in Melbourne in 2017 by Craven and Tehrani, according to a late 2021 investigation by The Age and Sydney Morning Herald.
With Canadian pop artist Drake serving as its major brand ambassador, Stake.com, the lead shirt sponsor of English Premier League soccer team Everton, has grown into a company with a potential market value of up to $1 billion.
Craven recently made news in Australia when he paid $80 million for a Toorak home, shattering the city’s previous...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...