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Legal
April 9, 2025
Stake.us Hit with Class Action Lawsuit in Illinois
Stake.us, a gaming platform that uses a sweepstakes-style model, now faces legal challenges. An Illinois resident, Brayden Urdan, has filed a class action lawsuit in federal court. The lawsuit claims that Stake.us runs an illegal online casino while pretending to be a casual gaming site. Stake.us Accused of Masking Real-Money Bets with “Gold Coins” Edelson […]
Legal
March 27, 2025
Stake Faces Legal Woes in California over Sweepstakes Offering
The popularity of sweepstakes across the United States recently resulted in legal hurdles for operators offering such services. In Maryland, one operator recently received a cease-and-desist order, while lawmakers in Mississippi are anticipating banning sweepstakes altogether. Although sweepstakes casinos operate in a legal gray market, their future is uncertain amid growing concerns, regulatory scrutiny and […]
Sports
March 24, 2025
Everton and Leicester in Trouble over Gambling Sponsorships
Last month, the UK gambling regulator, the Gambling Commission, warned Premier League clubs about sponsorships with gambling companies. The announcement followed the announcement about the shutdown of Stake’s operations in Great Britain which came months after the announced exit of BC.Game from the UK. The former gambling operator decided to cease operations in the UK […]
Industry
March 7, 2025
Drake Rents Out Club, Plays “Espresso” While Gambling on Stake
Rapper Drake and pop icon Sabrina Carpenter may be competing on the charts, with their albums recently holding the No. 1 and No. 2 spots on the Billboard 200, but there’s no sign of rivalry between them. A viral video on X shows Drake enjoying Carpenter’s hit “Espresso” while using the online gambling site Stake […]
Industry
February 12, 2025
Stake to Exit the UK After Investigation Into Controversial Ad
The UK Gambling Commission (UKGC) announced that online gaming giant Stake.com will be leaving the UK market. This follows an investigation into a controversial social media ad. Stake to Exit the UK Stake.com, which champions crypto and online gambling, was recently investigated by the UKGC over a widely viewed video, which featured the brand’s logo. […]
Business
January 17, 2025
Kick Reaches Out to TikTok with Acquisition Offer
Kick, the Stake.com-owned streaming platform, teased its intention to purchase TikTok’s US-facing assets. This announcement comes ahead of the social media platform’s looming ban. TikTok to Sell Its US Assets TikTok has cemented itself as a phenomenon despite its inherent security risks. While the US government has previously expressed concerns about the platform, this has […]
Business
January 13, 2025
Stake Expands European Footprint with VinderCasino Acquisition in Denmark
Global online gambling operator Stake announced it had acquired MocinoPlay’s VinderCasino. The brand is well-known in the Danish casino market, representing another significant milestone in Stake’s ongoing strategy to expand its presence across regulated markets in Europe and beyond. This acquisition follows similar deals in 2024 and will likely not be the company’s last such […]
Business
January 8, 2025
Kambi Partners with Stake to Drive Sports Betting Expansion
Sports betting solutions provider Kambi Group plc announced a strategic partnership with rapidly growing global operator Stake, which is seeking to expand its reach into regulated markets. The collaboration debuted with the launch of Stake’s Kambi-powered sportsbook in Brazil as the country’s modernized gambling jurisdiction made it one of the world’s most anticipated sports betting […]
Industry
November 18, 2024
Stake Covers €7M Fee to Relaunch Idealbet Flagship in Italy
Stake.com, one of the leading iGaming brands offering a rich selection of online casino and sports betting options since its launch in 2017, is getting ready for some big changes in 2025. Namely, the brand is gearing up to strengthen its foothold in Italy’s reorganized online gambling market. The first step of its bold plan […]
Industry
October 9, 2024
Brazil Whitelists Three More Operators Ahead of Its Regulated Market Launch
The Brazilian government has added Stake, Hiper Bet, and LBBR to its official whitelist of betting operators that have received approval to operate within the transition period from 1 October to 31 December before the nation launches its regulated betting sector. These additions bring the total number of authorized operators to 96, which manage 213 […]
