Type “Stake” into a search bar and two very different things come back: an F1-team-sponsoring, Kick-owning, $4.7 billion-revenue crypto casino, and a much smaller US sweepstakes site that happens to share its name. This review is about the first one — Stake.com, the original international platform — and about why the second one, Stake.us, is the only part of the brand a US reader can actually use.
Who Runs Stake.com
Stake.com launched in 2017 out of Australia, built by Ed Craven and Bijan Tehrani, who had already made money together on Primedice, an early Bitcoin dice game. Both are now reported billionaires; Craven has since become a co-owner of the Sauber Formula One team, and the pair also own the livestreaming platform Kick. The business behind those headlines is Medium Rare N.V., a company operating under a single license from the Curaçao Gaming Authority. Reported 2024 revenue of roughly $4.7 billion puts Stake among the largest crypto-facing casino operators anywhere.
Is Stake.com Legit?
On track record and scale, clearly — nine years of continuous operation, a sportsbook, thousands of in-house “Stake Originals” games plus third-party slots and live dealer tables, and a marketing budget large enough to sponsor Premier League clubs and UFC events. On regulatory backing, the picture is thinner: every one of those numbers sits behind a single Curaçao license. That's a real regulator, but a much lighter one than the licenses this site treats as the gold standard for US-facing operators.
The UK exit is worth knowing: Stake previously held a UK Gambling Commission license — one of the stricter regulatory regimes in the industry — and gave it up in 2025, pulling out of the UK market rather than continue operating under it. A brand choosing to leave a stricter license behind is a data point worth weighing alongside the revenue figures.
How Safe Is Stake.com?
Safety on a crypto-heavy platform comes down to licensing depth and what happens if a payout is disputed. Stake's answer is one Curaçao license and, since March 2025, a banking mix that's shifted toward fiat — the company has said roughly 70% of transactions now run through traditional currency rather than crypto in supported regions. That change adds convenience but doesn't add a second regulator; recourse still runs through Medium Rare N.V. and the Curaçao Gaming Authority, not a court or ombudsman with US-style consumer protections.
The Bonus Structure
Stake doesn't advertise a standard welcome bonus the way most casinos do. Instead, signing up through a partner referral code — which has to be entered during registration, since it can't be retrofitted onto an existing account — unlocks a 200% match on the first deposit plus a standing 5% rakeback on qualifying wagers. From there, a VIP program layers on additional rakeback, reload bonuses, and perks as lifetime wagering climbs through Bronze, Silver, Gold, Platinum, and Diamond tiers, with the first tier starting around $10,000 wagered.
Why US Search Traffic Doesn't Belong Here
Stake.com blocks the United States completely — there is no workaround, no state where the main platform is available, and no real-money account a US resident can open on it. The brand's actual US product is Stake.us, a separate site built on the sweepstakes model: Gold Coins for play-money entertainment, Sweeps Coins that can be redeemed for prizes, and state-by-state availability rather than a single national offering. Readers landing here because they searched “is Stake legal” from the US almost always mean that site, not this one.
For US players who specifically want what Stake.com offers — crypto-friendly banking, a sportsbook and casino in one account, high betting limits — Bovada is the closer match among operators that actually take American sign-ups, albeit also unlicensed in the US and carrying its own offshore caveats.
Who Stake.com Actually Fits
- Outside the US, UK, and other blocked markets: Stake.com offers real scale — game count, sportsbook depth, fast crypto withdrawals — for players comfortable relying on a single offshore license.
- In the US: there is nothing to sign up for on Stake.com. See the Stake.us review for the sweepstakes product, or the Bovada review for a real-money offshore alternative.
- Anyone comparing crypto casinos: revenue and game count are not a substitute for regulatory depth — a platform giving up a stricter license, as Stake did with the UK in 2025, is worth weighing against the size of the numbers it publishes.