Ed Craven
$2.8B
Born
Jan 01, 1996
Age
29
Source of Wealth
Online casino
Residence
,
Citizenship
Australia
Marital Status
Children
0
Education
- 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."
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