Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
"Stake.com: The Billion-Dollar Crypto Casino Run by Teenage Friends Turned Self-Made Billionaires"

"Stake.com: The Billion-Dollar Crypto Casino Run by Teenage Friends Turned Self-Made Billionaires"

CointimeCointime2024/06/07 10:55
By:Cointime

Ed Craven and Bijan Tehrani, who initially met online as teenagers, founded Stake.com, the world's largest offshore crypto casino, after creating a profitable "staking" scheme for players of the online game Runescape. The casino generated $2.6 billion in revenue last year and the duo has used their wealth to sponsor various ventures, including a Formula 1 team and a new livestreaming service called Kick. Despite their success, the controversial nature of their industry has led to public perception challenges and they seek legitimacy. Stake has complied with regulations in several countries and has diversified beyond gambling with the launch of Kick, which operates at a deficit but remains a focus for growth.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!