Ed Craven

Net worth over time

Biography

• Ed Craven and Bijan Tehrani founded and run Stake.com, believed to be the largest crypto-backed online casino in the world.
• Stake.com generated $4.7 billion of gross revenue in 2024, despite crypto gambling being unavailable in the United States, United Kingdom and much of Europe.
• The founders have reinvested its profits into aggressive marketing, putting Stake's name on Formula 1 cars, English Premier League jerseys, UFC octagons and a new livestreaming service.
• During the pandemic, Stake started paying content creators on Twitch millions to livestream themselves gambling, transforming the business from $100 million in revenue to over $2 billion in two years.
• After Twitch banned Stake from advertising on its platform due to a lack of consumer protections, Craven and Tehrani launched their own competing livestream service, Kick.
• Craven and Tehrani first met online as teenagers, playing the videogame "Runescape." The name Stake comes from the controversial "Runescape" game mechanic called "staking."

Financial assets