What is Stake.com?

Stake.com is a crypto-native online casino and sportsbook that accepts bets exclusively in cryptocurrency, operating under a Curaçao eGaming license issued to its parent company, Medium Rare N.V.

Launched in 2017, Stake.com has grown into one of the largest online gambling platforms by volume, reporting approximately $3 billion in annual revenue as of 2024. The platform is blocked in the United States, United Kingdom, and several EU member states including France and the Netherlands. It competes directly with crypto-first platforms such as Roobet and Cloudbet, as well as traditional online casinos that have added crypto payment options.

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Who Owns and Operates Stake.com?

Stake.com is owned and operated by Medium Rare N.V., a company registered in Curaçao. Co-founders Ed Craven and Bijan Tehrani built the platform specifically around cryptocurrency infrastructure from its inception in 2017, rather than retrofitting crypto payments onto an existing fiat-based system. As of 2023, Ed Craven ranked among Australia's wealthiest individuals, with his net worth tied substantially to Stake.com's valuation.

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What Cryptocurrencies Does Stake.com Accept?

As of May 2026, Stake.com accepts more than 20 cryptocurrencies. The primary supported coins include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Ripple (XRP)
• Tron (TRX)
• Bitcoin Cash (BCH)

The platform does not support fiat currency deposits or withdrawals on its main domain. A separate product, Stake.us, operates as a social casino for US residents under sweepstakes rules, using virtual coins rather than real cryptocurrency.

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What Games and Betting Markets Are Available?

Stake.com offers three primary product categories:

1. Casino games — including slots from providers such as Pragmatic Play and Evolution Gaming, plus a catalog of Stake Originals (proprietary games like Crash, Dice, and Plinko).
2. Sports betting — covering major leagues across football, basketball, tennis, esports, and MMA, with markets available before and during events.
3. Live dealer games — real-time table games streamed from studio environments.

As of 2024, Stake.com reported processing billions of individual bets annually, making it one of the highest-volume crypto gambling platforms globally.

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Where Is Stake.com Legal?

Stake.com's Curaçao license permits it to accept players from many jurisdictions but explicitly excludes others. As of May 2026, access is blocked or legally restricted for residents of:

• United States (all 50 states on the main domain)
• United Kingdom (lacks UK Gambling Commission authorization)
• France, Netherlands, Spain (various national licensing requirements not met)
• Australia (Interactive Gambling Act 2001 restrictions)

Players in restricted regions who attempt to access the site via VPN do so in violation of Stake.com's terms of service and potentially local law.

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Stake.com and High-Profile Sponsorships

Since 2021, Stake.com has pursued an aggressive sponsorship strategy. Agreements have included a front-of-shirt sponsorship deal with Everton FC (announced in 2022, later terminated in 2023 following Premier League scrutiny of gambling sponsorships) and partnerships with UFC, as well as individual endorsements from streamers including Drake. These deals significantly raised the platform's mainstream visibility between 2022 and 2024.

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FAQ

Is Stake.com legal in the US? No. As of May 2026, Stake.com's main domain is blocked to US residents and the platform does not hold any US state gambling license. US users can access Stake.us, a separate sweepstakes-model social casino that does not involve real cryptocurrency wagering.

Is Stake.com provably fair? Stake.com implements a provably fair system on its Stake Originals games, which allows players to verify individual game outcomes using cryptographic hashes before and after each bet. As of 2024, this verification system applies to proprietary titles but not to third-party slot or live dealer games on the platform.

How does Stake.com make money? Stake.com generates revenue through the house edge built into each game and the margin (vig) applied to sports betting markets. With approximately $3 billion in annual revenue reported as of 2024, the platform earns returns on the statistical advantage it holds across its full game catalog.

Was Stake.com ever hacked? In September 2023, Stake.com confirmed an unauthorized withdrawal totaling approximately $41 million in cryptocurrency across multiple blockchain networks. The platform attributed the breach to a compromised private key and stated that user funds were not affected, with withdrawals resuming within hours of the incident.

What is the difference between Stake.com and Stake.us? Stake.com is the primary international platform operating under a Curaçao license, accepting real cryptocurrency from eligible jurisdictions. Stake.us, launched in 2022, is a US-facing sweepstakes casino using virtual Stake Cash and Gold Coins, with no real-money cryptocurrency deposits, designed to comply with US sweepstakes law.

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