The Corporation and the minds behind it.
The observations and conclusions presented here represent just the tip of the iceberg in a much more complex scenario. We believe there are deeper layers and nuances yet to be uncovered in this situation.
The notable figures at the forefront of Stake are Edward Craven and Bijan Tehrani. They are recognized as the founders of PrimeDice, a pioneering online betting platform.
Now Stake and EasyGo Additionally, their involvement extends as key investors in KICK, a streaming service that has gained attention in the gaming community.
Stake or (Medium Rare N.V.) is the public face of the company is ostensibly based in Curacao, a jurisdiction known for its lax regulatory framework. However, there's a prevailing belief that the actual operations are being managed from Australia through Easygo, with additional support in Serbia via MeBit.
The casino's licensing in Curacao is strategically chosen to circumvent stringent gambling regulations, raising concerns about the legitimacy of its gaming offerings.
Reports suggest that MeBit, a company based in Serbia, is primarily responsible for managing customer support operations for the casino. This implies that any interaction you have through live chat or email, particularly when you reach out to support@stake.com, is likely handled by MeBit's team. This detail is crucial as it sheds light on the intricate network behind the casino's operations. MeBit's involvement potentially impacting the quality and nature of the support provided. Being located in Serbia, MeBit operates within a different regulatory environment, which might affect how customer inquiries and issues are addressed and resolved.
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Kick, the emerging streaming service, emerges from the same creators behind Stake. Rumors suggest its inception was a strategic response to Stake's ban from Twitch for promoting gambling to underage audiences.
Kick has quickly gained traction by signing major streamers like Trainwreck and Adin Ross, both known for featuring live gambling sessions on Stake in their streams. This move raises concerns about the platform's intentions, hinting at a possible underlying agenda to continue targeting a broad, impressionable audience with gambling content, indirectly circumventing the restrictions imposed on more mainstream platforms.
Kick is Operated from Australia and can be reported here:
Prior to November 1.st 2024, Stake operated under the License No. 8048/JAZ issued to Antillephone, Authorized and Regulated by the Government of Curacao.
This situation places a significant portion of responsibility on the shoulders of the license provider. As the entity that issues the gaming license, it is incumbent upon them to ensure that Stake is operating within the boundaries of legal and ethical standards. Their role is not merely administrative but involves a critical duty of oversight, making them equally accountable for any of Stake's actions that deviate from regulatory compliance.
If Stake's isn't responding, then we recommend you to find a Curacao lawyer and sue Antillephone.
Medium Rare N.V. (Stake) is under compliance management of Xecutive Corporate Management B.V. (XCM)
XCM, as the compliance manager for Stake, holds a significant level of responsibility. If Stake were to engage in practices that violate regulatory standards or legal requirements, both Stake (as the operator) and XCM (as the entity overseeing compliance) could face consequences. These might include legal action, fines, or revocation of their gaming license, depending on the nature and severity of the violations. Their accountability lies in ensuring that Stake operates in a manner that is not only legally compliant but also ethically sound, particularly in an industry that is closely scrutinized for its impact on consumers.
Stake's now operate under a Certificate of Operation while their application for a GCB License is being processed. here.
Previously, Stake was licensed under License No. 8048/JAZ, issued by Antillephone and authorized by the Government of Curaçao. The Gaming Control Board of Curaçao now bears the responsibility of ensuring Stake’s compliance with regulatory standards. Their oversight is critical in maintaining legal and ethical standards within the online gaming industry. It is essential for the license provider to hold operators accountable for any deviations from these standards.
If Stake is unresponsive, we recommend consulting a local lawyer in Curaçao to address your case under the new licensing authority.