HomeNewsDigital casino Stake.com facing $400M lawsuit filed by former partner

Digital casino Stake.com facing $400M lawsuit filed by former partner


Reading Time: 2 minutes
Digital casino Stake.com facing $400M lawsuit filed by former partner
PHOTO CREDIT: onooks.com

Bitcoin casino platform Stake.com is reportedly being sued by its feeble accomplice Christopher Freeman, who claims he used to be minimized out of the platform and desires $400 million to atone for punitive damages.

Stake.com’s founders, Ed Craven and Bijan Tehrani dismissed the allegations by asserting releasing an advantageous commentary that mentioned:

“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, deliberately misleading, and provably unsuitable.”


Table of Contents

Freeman reportedly attended a similar predominant and excessive college as Tehrani, and the trio launched a crypto casino platform called Primedice in 2016. Whereas Tehrani and Craven held 40%, Freeman owned the leisure 20% of the firm. Interior nine months, Freeman’s fragment used to be reduced in size to 14% to distribute the leisure 6% amongst the growing group contributors.

Freeman claims that Tehrani and Craven had been somewhat disinterested in the notion of a crypto casino. On the other hand, they mild moved to Australia to commence Stake.com and entreated Freeman to circulate to Australia if he desired to develop into a section of the group.

READ MORE:   Binance Integrates With L2 Ethereum Scaling Solution Optimism

Freeman’s lawsuit summarizes:

Later, when Stake.com launched as a digital casino which incorporated a competing on-line dice recreation and quite lots of alternative functions Freeman had proposed and helped gain, Tehrani and Craven affirmatively tried to assuage Freeman’s terror at having been misled by asserting that he mild retained his stake in Primedice.”

On the other hand, Freeman argues that he used to be blocked out of Primedice as smartly. Tehrani and Craven have been within the headlines for living lavishly, which is held against them by Freeman, in conjunction with the alleged $100 billion profit the agency made in bets.


Even if the making of a wagering firm is believed to be an off-shore one, it used to be established in Melbourne, Australia, in 2017.

The firm tapped Canadian pop huge name Drake as an envoy and is the lead jersey sponsor of the English Premier League soccer group. Stake.com is estimated to fee up to $1 billion.

READ MORE:   Crypto-associated stocks hammered as COIN and HOOD drop to record lows

The founders of Stake.com mentioned that they did not intend to compensate Freeman with $400 million. They notify Freeman’s lawsuit is a “determined are attempting” to spread FUD over the firm and that the court would wisely brush apart it.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

Comment Here


Most Popular