Drake-Endorsed Crypto Sportsbook and Casino Stake.com Faces Legal Showdown Down Under

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A Drake-endorsed and crypto-based sportsbook and gambling firm called Stake.com facing pressure from Australian regulators and a Sydney-based trading firm. Founded by billionaire Ed Craven and entrepreneur Bijan Tehrani, Stake offers players a chance to use cryptocurrencies including Bitcoin, Ethereum, and Dogecoin as assets for online gambling and for placing sports bets. The company operates under the jurisdiction of the Caribbean island nation of Curacao. What’s in a Name? The company recently filed applications for a casino license and registered various trademarks to allow it to enter the…

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