Stake Celebrates 8 Years of Innovative Betting Success

Stake, a prominent hybrid platform merging online casino gambling and sports betting, marks its 8th anniversary with a record of impressive achievements. Today, we delve into the milestones, industry innovations, and remarkable growth that have defined Stake’s journey.

Key Takeaways

• Stake’s evolution from a Bitcoin-based dice game collaboration to a full-service online casino and sportsbook platform.
• Significant revenue growth accompanied by a global reach, appealing to millions of users and a multitude of cryptocurrency options.
• Ongoing customer rewards and promotions, including exclusive VIP Club benefits and special birthday bonuses.

Stake’s 8th birthday is a testament to its rapid progress and visionary leadership. Founded by Ed Craven and Bijan Tehrani—whose earlier collaboration on a Bitcoin online dice game in 2013 paved the way for a future reimagined—the company has continually redefined the online betting industry. In 2016, the launch of Easygo, a technology studio specializing in casino game software development, added a new realm of game innovation to Stake’s portfolio. This blend of creative ideation and technical expertise has positioned the platform as a front-runner in the gambling world.

The introduction of a full sportsbook section in 2019 marked a pivotal moment in Stake’s journey, broadening its appeal and diversifying its product offerings. This expansion evolved into a robust growth story: Stake’s revenue surged from $2.6 billion in 2022 to $4.7 billion in gross gaming revenue by 2024. With approximately 25 million users and over 300 billion bets placed since its inception, Stake now processes around 80 billion bets annually worldwide and represents about 4% of all Bitcoin network transactions.

Operating under Medium Rare N.V. with a Curacao license, Stake’s global footprint includes offices in Australia, Serbia, and Cyprus. The platform caters to a diverse and technologically savvy clientele by supporting multiple cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. This commitment to digital innovation is also reflected in its high-profile partnerships, including its role as the main betting partner of the UFC since 2021.

Furthermore, Stake’s customer-centric philosophy is exemplified through its VIP Club, which rewards consistent wagering activity with exclusive benefits. Special promotions and bonuses in August to celebrate its 8th birthday underscore the company’s dedication to enhancing user experience and encouraging sustained engagement.

Stake’s journey is not just about numbers or milestones; it is about continually pushing the boundaries of online gaming and betting. This celebration of 8 years stands as a beacon for future advancements and continued excellence in the industry.