Bitcoin
Bitcoin (BTC)
$84,062.00 1.75653
Bitcoin price
Ethereum
Ethereum (ETH)
$1,929.30 2.20005
Ethereum price
BNB
BNB (BNB)
$630.12 4.66847
BNB price
Solana
Solana (SOL)
$128.28 1.67995
Solana price
XRP
XRP (XRP)
$2.34 1.76479
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 -1.28249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 11.92495
Pepe price
Bonk
Bonk (BONK)
$0.0000111 6.66732
Bonk price
dogwifhat
dogwifhat (WIF)
$0.501579 7.73487
dogwifhat price
Popcat
Popcat (POPCAT)
$0.198643 9.59328
Popcat price
Bitcoin
Bitcoin (BTC)
$84,062.00 1.75653
Bitcoin price
Ethereum
Ethereum (ETH)
$1,929.30 2.20005
Ethereum price
BNB
BNB (BNB)
$630.12 4.66847
BNB price
Solana
Solana (SOL)
$128.28 1.67995
Solana price
XRP
XRP (XRP)
$2.34 1.76479
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 -1.28249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 11.92495
Pepe price
Bonk
Bonk (BONK)
$0.0000111 6.66732
Bonk price
dogwifhat
dogwifhat (WIF)
$0.501579 7.73487
dogwifhat price
Popcat
Popcat (POPCAT)
$0.198643 9.59328
Popcat price
Bitcoin
Bitcoin (BTC)
$84,062.00 1.75653
Bitcoin price
Ethereum
Ethereum (ETH)
$1,929.30 2.20005
Ethereum price
BNB
BNB (BNB)
$630.12 4.66847
BNB price
Solana
Solana (SOL)
$128.28 1.67995
Solana price
XRP
XRP (XRP)
$2.34 1.76479
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 -1.28249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 11.92495
Pepe price
Bonk
Bonk (BONK)
$0.0000111 6.66732
Bonk price
dogwifhat
dogwifhat (WIF)
$0.501579 7.73487
dogwifhat price
Popcat
Popcat (POPCAT)
$0.198643 9.59328
Popcat price
Bitcoin
Bitcoin (BTC)
$84,062.00 1.75653
Bitcoin price
Ethereum
Ethereum (ETH)
$1,929.30 2.20005
Ethereum price
BNB
BNB (BNB)
$630.12 4.66847
BNB price
Solana
Solana (SOL)
$128.28 1.67995
Solana price
XRP
XRP (XRP)
$2.34 1.76479
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.000013 -1.28249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 11.92495
Pepe price
Bonk
Bonk (BONK)
$0.0000111 6.66732
Bonk price
dogwifhat
dogwifhat (WIF)
$0.501579 7.73487
dogwifhat price
Popcat
Popcat (POPCAT)
$0.198643 9.59328
Popcat price

Drake-backed gambling startup Stake faces legal hurdles in Australia

Anthony Patrick
Edited by
News
Drake-backed gambling startup Stake faces legal hurdles in Australia

Stake’s expansion plans are marred by a legal showdown.

An Australian share trading platform of the same name is threatening to take the startup, founded by billionaire Ed Craven and backed by hip-hop star Drake, to court.

Sydney’s Stake vs. Drake’s Stake

Stake, the online casino, was originally prohibited from offering its gaming services in Australia unless it obtained a casino license. Once the company pursued a license and registered a number of trademarks, it drew scrutiny from a Sydney-based share trading platform of the same name.

The trading platform is now suing the gambling startup to prevent it from using the brand name.

According to the Australian Associated Press, the Stake trading platform filed court documents explaining that it had already established goodwill through the usage of the name across Australia.

Stake, the one founded by Craven and his American business partner Bijan Tehrani in 2017, is based in Curacao, a country in the Caribbean. It describes itself as a “leading online crypto casino” where users can wager on sporting events and play online games like slots, blackjack, and roulette using Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies.

Craven is reportedly based in Melbourne.

Stake’s Formula One sponsorship and Drake partnership

A sponsorship agreement between Stake, the crypto betting firm, and the Alfa Romeo Formula One team was announced earlier this year. As a result, the Melbourne Grand Prix included the company’s emblem on its cars.

Last year, Canadian rapper Drake — whose real name is Aubrey “Drake” Graham — joined Craven’s Stake. He uses the Stake website to live-stream with gamers and posts Instagram stories while playing on the platform.

Roughly 840 million casino bets were placed on its website in June.