Stake’s founders, 27-year-old Ed Craven and 28-year-old Bijan Tehrani, were childhood friends who met on online roleplaying game RuneScape, per the FT. They teamed up to create a crypto dice gambling platform Primedice when they were around 20. That’s up from 1.8 billion Australian dollars ($1.2 billion) in 2021 and a big jump from just $105 million in the year prior. Stake generated nearly $2.6 billion in gross gaming revenue last year alone, the Financial Times reported. Stake has since sprung up to become the seventh-largest gambling group in the world by revenue, per the Financial Times, which cited data from strategic advisory firm Regulus Partners.ĭraftKings, one of the most prominent sports betting firms, lags behind.
Two ambitious entrepreneurs made the most of it by starting crypto casino Stake in 2017.
Some folk view crypto trading as gambling more than investing.
