If you found this page, you wanted the full file.
Two kids from Melbourne who met on RuneScape, built the world's biggest crypto casino, and never sold. $4.7B in gross gaming revenue. $339M on-chain. The club's been at Stake since 2017 - whisper MAXBET and the 200% is yours.
Not a startup anymore. This is the scale of the house you're stepping into.
Sources: CoinTelegraph - 2024 GGR · Bloomberg - Stake deposit volume · The Straight - Easygo FY2025 · WaterhouseVC - 21M accounts
Two Australians. Met on RuneScape. Built a $5.6 billion empire without raising outside money.
Co-founder · CEO Easygo
Born 1995, Melbourne, Australia. The public face. Craven claimed he won $6,000 playing on a family cruise at twelve years old - gambling statistics became his fixation from there. He attended Bishop Druitt College in Coffs Harbour and was early into coding and crypto. As a teenager he led the largest RuneScape dicing clan under the alias "Apple" - that's where he met Tehrani, and where the name "Stake" eventually came from. Until the end of 2021 he went publicly only by the alias "Edd Miroslav," deliberately keeping his real identity off the internet. His combined net worth with Tehrani was pegged at US$5.6 billion by Forbes Australia in October 2024. The AFR's 2025 Rich List put Craven alone at A$4.82 billion. In 2022 he bought a 7,187 sq ft derelict mansion in Toorak, Melbourne for A$80 million - the most expensive residential purchase in that suburb's history.
Co-founder · Kick co-owner
Born in the United States to Iranian parents, later relocated to Melbourne where he's been based since. The quieter partner. Operations, corporate structure, the machinery behind the house. Tehrani co-owns Kick - the streaming platform is 50% Ashwood Holdings, 50% Bijan Tehrani personally. His Forbes net worth as of May 2025: $2.8 billion. In late 2023 he purchased a $47 million mansion in New York - a country where Stake.com is explicitly banned from operating.
The name "Stake" is a direct homage to their RuneScape origin - the game had a staking mechanic where players could wager items in duels. Craven and Tehrani met as teenagers through the dicing community, started building Bitcoin gambling tools together, and never really stopped.
Sources: Wikipedia - Ed Craven · Wikipedia - Bijan Tehrani · Forbes - Ed Craven profile · Forbes Australia - founder portraits
Before Stake there was Primedice. Before Primedice there was RuneScape. This is the full thread.
In May 2013, Craven and Tehrani launched Primedice - a Bitcoin dice site that popularised the provably fair cryptographic verification system now standard across the entire crypto gambling industry. It wasn't the first Bitcoin dice site, but it was the first to run fully off-chain with instant, fee-free bets and an open-source fairness proof any player could verify. That concept of transparent, verifiable randomness became Stake's philosophical backbone.
Primedice ran for 13 years before announcing its closure on October 8, 2026 - its player base directed to migrate to Stake.com. The Primedice dice game lives on inside Stake Originals as "Prime Dice."
By spring 2016, Craven and Tehrani had opened a Melbourne office and incorporated Easygo Solutions with 18 employees, building proprietary casino technology. Stake.com launched in 2017, operated under Medium Rare N.V. in Curaçao, and targeted the crypto-native gambling audience that Primedice had proven existed. Growth was initially slow and streamer-driven - but COVID-era Twitch streaming deals turned a known brand into a phenomenon. Stake grew from $100 million to $2 billion in revenue in under two years.
Sources: Wikipedia - Primedice history · Wikipedia - Bijan Tehrani
Multiple entities. One ownership chain. Here's how it sits.
The Australian parent company. Ed Craven is sole director. FY2025 results: A$970M revenue, A$257M net profit, A$5B net assets, A$152M corporate tax paid, 636 employees. Owns both Stake.com and Kick.com through subsidiary entities.
The Curaçao-registered operating company behind Stake.com. Address: Korporaalweg 10, Willemstad, Curaçao. Holds the Curaçao 1668/JAZ licence. All mirror domains are also operated by Medium Rare N.V. - they're not third-party piracy. Payments processed via a subsidiary in Nicosia, Cyprus.
The streaming platform incorporated November 14, 2022. Parent: Easygo Entertainment Pty Ltd. Ownership: 50% Ashwood Holdings, 50% Bijan Tehrani. The 95/5 streamer revenue split (vs Twitch's 50/50) was the core recruit. As of Q3 2025 Kick is the 4th most-watched livestreaming platform globally.
A legally distinct sweepstakes platform for the US market, run by Sweepsteaks Limited. Gold Coins for play, Stake Cash redeemable for prizes after a 3x playthrough - no direct real-money wagering, no crypto. Available in 37 US states. Restricted: Washington, New York, Nevada, Michigan, New Jersey, Idaho, Kentucky, Louisiana, Maryland, Montana, Connecticut, Delaware, Arizona, California, Pennsylvania, Rhode Island, Tennessee, Vermont, West Virginia. MAXBET is recognised at Stake.us and unlocks 560,000 GC + 56 SC + 3.5% rakeback.
Where the offices are: Melbourne, Australia (primary tech hub - Easygo HQ); Belgrade, Serbia (operations); Nicosia, Cyprus (payment processing); plus Brazil, Colombia, and Peru opened during LatAm expansion.
Sources: The Straight - Easygo FY2025 · FinCrime Central - corporate structure · Wikipedia - Kick
$339.53M in Arkham-tagged reserves as of May 28, 2026. Publicly traceable. Full breakdown →
Open your account - use code MAXBETNo gambling company on earth has bought this much cultural real estate.
Signed 2022 at a reported $100M per year, later renegotiated by some accounts to $180M. Drake live-streamed gambling sessions on Stake multiple times. As of June 2026 the relationship appears active - Stake's official X bio reads "@Drake approved." Bloomberg Businessweek's 2026 investigation found Drake hit jackpots on Easygo-owned slots at 4x the average player rate - a claim Stake hasn't publicly addressed.
One of Stake's longest-running streaming personalities. Claims $360M paid over 16 months - by his own admission on stream. In July 2025 he recorded the largest online slot win in history: $37.5 million on Hex Appeal (developed exclusively for Stake by Massive Studios), at $6,000 per spin, hitting the 50,000x maximum multiplier. He'd disclosed losing $19.5M across five prior sessions in the same stretch.
Announced June 2022, effective July 1, 2022. Valued at £10M per year - the highest front-of-shirt deal in Everton's 144-year history. Multi-year term. Following Stake's UK exit in March 2025, the UKGC wrote to Everton noting risks of promoting an unlicensed site and seeking due diligence assurances.
Announced July 22, 2021 - Stake became Watford's principal shirt sponsor for their 2021/22 Premier League return. Described as a club-record deal, reportedly paid in part via cryptocurrency (a Dogecoin giveaway launched alongside). Watford were relegated that season.
Stake joined Sauber as co-title partner in 2023. For the 2024 season Stake became sole title partner - the team raced as "Stake F1 Team KICK Sauber" for 2024 and 2025. Kick separately named on the chassis (KICK Sauber C44). The team rebranded as Audi from 2026 following Audi's acquisition of Sauber Motorsport.
January 2021: Israel Adesanya signed as first global brand ambassador - Stake's first crypto partnership in MMA. February 2022: expanded to official betting partner for Latin America and Asia. February 2024: elevated to Official Partner at the Premium Global Partners tier. Additional UFC athletes: Francis Ngannou, Alex Pereira, Merab Dvalishvili, Alexandre Pantoja, Caio Borralho.
Signed February 1, 2022. Stake filmed a FIFA World Cup 2022 commercial featuring Agüero, Eden Hazard, Iker Casillas, and Patrice Evra. Agüero won the 2021 Copa America with Argentina - a connection that fed into Stake's 2026 Buenos Aires province launch.
Stake is listed as a Davis Cup tennis partner. Football shirt deals across the Americas: FBC Melgar (Peru), Fortaleza CEIF (Colombia), Enyimba (Nigeria), Esporte Clube Juventude (Brazil), Ñublense (Chile). The LatAm presence is tied to Stake's official licensed expansions in Brazil and Argentina.
Sources: Bloomberg - Stake big-win coverage · BBC Sport - Everton Stake deal · BBC - Watford deal · Bloomberg Businessweek - Drake investigation · Formula 1 - Sauber naming
Nine years from a Melbourne office to the world's largest crypto casino.
2013 - Primedice launches. Craven and Tehrani prove provably fair Bitcoin gambling has an audience.
2016 - Easygo Solutions incorporated in Melbourne. 18 employees building the proprietary technology stack.
2017 - Stake.com launches. Operated by Medium Rare N.V. under Curaçao 1668/JAZ. The house has a name.
2021 (Jan) - Israel Adesanya signs as Stake's first global ambassador. The UFC relationship begins. Watford FC shirt sponsorship announced July. UK site (stake.uk.com via TGP Europe) launches December.
2022 - Drake deal signed, reported at $100M/year. Everton shirt sponsorship announced June - £10M/year, a club record. Kick launches December. Twitch bans gambling promotion the same month.
2023 - Stake F1 Team Kick Sauber co-title partnership begins. September 4: the Lazarus Group hack - $41M stolen from hot wallets. FBI attribution within three days. Stake resumes withdrawals within hours. Stake says user funds unaffected.
2024 - Sauber rebrands to Stake F1 Team Kick Sauber as Stake takes sole naming rights. Italy foothold via acquisition of Baldo Line SRL (Idealbet.it). Brazil licensed site launches (stake.bet.br) as Brazil opens its legal betting sector January 1, 2025. GGR hits $4.7B for the full year.
2025 (March) - UK exit. TGP Europe shuts stake.uk.com on March 11 following UKGC pressure after a viral social media video in December 2024. Stake frames it as a strategic shift toward direct licences. Stake Smart Engine RGS platform launches April, accepting third-party developers. Craven announces fiat now accounts for 70% of Stake's transaction volume.
2025 (July) - Trainwreckstv wins $37.5 million on Hex Appeal - the largest online slot win ever recorded. $6,000 per spin, 50,000x multiplier.
2026 - Primedice closes October 8, redirecting its player base to Stake. Argentina (Buenos Aires Province) launches on stake.bet.ar. Easygo Group Holdings reports A$970M revenue, A$257M profit for FY2025.
Sources: UKGC - Stake UK notice · TRM Labs - FBI Lazarus confirmation · NEXT.io - Stake Engine launch · iGaming Business - LatAm licensing
September 2023. North Korean state actors. Stake's response.
On September 4, 2023, approximately $41 million in cryptocurrency was drained from Stake's hot wallets. The breakdown: roughly $16M from Ethereum accounts (ETH, USDT, USDC, DAI) and $25.6M from Binance Smart Chain and Polygon (MATIC, BNB).
The attack did not involve direct private key compromise. Instead, it targeted a third-party transaction authorization service Stake used for Ethereum, Polygon, and BNB Chain operations - allowing unauthorized outbound transfers without actually holding the keys. Ed Craven stated the breach was spotted within 20 minutes and fully resolved in under 4 hours. Deposits and withdrawals were suspended temporarily and resumed the same day.
On September 7, 2023, the FBI formally attributed the hack to North Korea's Lazarus Group - the same DPRK state-sponsored unit behind the $600M Ronin Bridge attack, the $35M Atomic Wallet attack, and dozens of other 2023 crypto thefts. The stolen funds moved through a characteristic laundering chain: ETH and BSC assets swapped into unfreezable native assets, then through Squid Router, Avalanche Bridge, wrapped BTC, native Bitcoin, and eventually through the Sinbad mixer.
Craven's public statement: "The loss of funds is by no means a trivial amount, but this attack has not materially affected Stake's operations." User funds were not affected. Post-hack, Arkham-tracked reserves remained in the $300M+ range. The practical demonstration that withdrawals never stopped served as Stake's de-facto proof of solvency.
Sources: TRM Labs - FBI Lazarus attribution · BleepingComputer - hack details · DL News - Craven on hack
16 tiers. Lifetime wagering unlocks. The Obsidian floor is $1 billion - believed held by a handful of people alive.
Stake's VIP system runs on cumulative lifetime wagering, not deposit amounts. Every dollar bet on casino counts toward your tier. Sports bets count at 3x the rate - a $1 sports wager equals $3 in VIP progression. Bronze unlocks at $10,000 wagered. Obsidian requires $1 billion. Benefits include weekly boosts, rakeback, reload bonuses from Platinum upward, monthly bonuses, and a dedicated VIP host at the higher tiers. The welcome offer via code MAXBET pre-loads 3.5% rakeback - normally only unlocked at Bronze.
| Tier | Cumulative Wagering Required |
|---|---|
| Bronze | $10,000 |
| Silver | $50,000 |
| Gold | $100,000 |
| Platinum I | $250,000 |
| Platinum II | $500,000 |
| Platinum III | $1,000,000 |
| Platinum IV | $2,500,000 |
| Platinum V | $5,000,000 |
| Platinum VI | $10,000,000 |
| Diamond I | $25,000,000 |
| Diamond II | $50,000,000 |
| Diamond III | $100,000,000 |
| Diamond IV | $250,000,000 |
| Diamond V | $500,000,000 |
| Obsidian | $1,000,000,000 |
Source: Stake Help Centre - VIP Program
Launched April 2025. Stake is now also a platform, not just a casino.
In April 2025, Stake launched Stake Engine - a next-generation Remote Gaming Server (RGS) that allows any developer, from indie studios to large game houses, to build, deploy, and earn from games hosted on Stake's platform. Revenue model: 10% GGR paid monthly to developers, described by Stake as "the most developer-friendly commercial model in iGaming." Over 4,000 developers signed up within three weeks of launch. Three Stake Engine titles ranked in Stake's top 50 games by bets before the platform even officially launched: Massive Studio's Jawsome (#17), Serpentina (#23), and Twist's Samurai Dogs Unleashed (#25). The Hex Appeal slot - site of Trainwreckstv's $37.5M record win - was a Massive Studios exclusive developed for Stake prior to the Engine's formal launch.
The Engine announcement cited the technology as "backed by 300 billion bets" - a reference to Stake's cumulative processing history since 2017.
Source: NEXT.io - Stake Engine launch
The house has been running since 2017. $4.7B in annual gaming revenue. $339M on-chain. Now you know who's behind it. Use Stake promo code MAXBET at registration and the 200% deposit match up to $3,000 plus 400 free spins is yours. Every other public code stops at half that.
The club's been at Stake since 2017. Two founders - Ed Craven, born 1995 in Melbourne, and Bijan Tehrani, raised in Melbourne after moving from the US. They met as teenagers in a RuneScape dicing clan. They built Primedice in 2013, then Stake in 2017. The operating company is Medium Rare N.V. in Curaçao, licence 1668/JAZ. The Australian parent is Easygo Group Holdings - A$970 million revenue, A$257 million profit, 636 employees as of FY2025. The GGR for 2024 was $4.7 billion. There are 21 million registered accounts. On-chain reserves sit at $339 million, publicly traceable on Arkham Intel. In September 2023, North Korea's Lazarus Group stole $41 million from the hot wallets. Withdrawals resumed within hours. User funds were not affected. In March 2025, Stake exited the UK when its white-label partner TGP Europe shut down. Stake has since expanded into Italy, Brazil, and Argentina with direct licences. In July 2025 Trainwreckstv won $37.5 million on Hex Appeal - the largest online slot win in history. The code for the club is MAXBET. Two hundred percent up to three thousand dollars. Tell the dealer WinnersClub sent you.
Ed Craven (born 1995, Melbourne) and Bijan Tehrani - two Australians who met as teenagers in a RuneScape dicing community. They co-founded Stake in 2017 under Medium Rare N.V. in Curaçao, and launched streaming platform Kick in 2022. Their combined Forbes net worth: US$5.6 billion as of October 2024.
Medium Rare N.V., incorporated in Curaçao, holds the 1668/JAZ licence. The Australian parent is Easygo Group Holdings, with Ed Craven as sole director. Easygo reported A$970M revenue and A$257M net profit for FY2025.
$4.7B GGR for 2024, $18B annual deposit volume, 127M monthly visits across all domains, 21M+ registered accounts. February 2026 alone saw 6.787 billion bets processed - over 2,800 per second on average.
On September 4, 2023, approximately $41M was stolen from Stake's hot wallets. The FBI attributed it to North Korea's Lazarus Group on September 7. Stake restored withdrawals within hours. User funds were not affected. Arkham-tracked reserves remained above $300M through the recovery period.
Stake entered the UK in December 2021 via TGP Europe Ltd (UKGC account 38898). A viral social media video in December 2024 triggered a UKGC investigation. TGP Europe shut stake.uk.com on March 11, 2025. Stake framed the exit as a pivot toward direct licences - it has since received direct authorisations in Italy, Brazil, and Argentina.
No. Stake.us is a free-to-play sweepstakes platform for select US states, run through a separate entity. No real-money wagering, no crypto deposits. Stake.com is the real-money international platform under Curaçao 1668/JAZ.
In July 2025, Stake streamer Trainwreckstv won $37.5 million on the Hex Appeal slot - developed exclusively for Stake by Massive Studios. Bet size: $6,000 per spin. Multiplier: 50,000x, the game's theoretical maximum. Widely reported as the largest online slot win in recorded history.
Tell the dealer WinnersClub sent you.
