Why was it closed?
Primedice operated illegal without a license since many years like stake.us did and after their hallucinated "social casino" stake.us was sued in California, the 2 scam artists Bijan and Edward were getting cold feets and decided to better take down the illegal Primedice operation, because there is a considerable risk that their illegal Primedice operation will also get sued.
INTRODUCTION1. Since 2022, Defendants have operated, controlled, promoted, and/or aided and abetted one of the largest and most profitable illegal casinos in California:
Stake.us
2. Stake.us follows in the footsteps of Stake.com, an online casino that its co-founder Bijan Tehrani boasts has “the highest [betting volume] in the world out of any casino, land-based or online.”
Because Stake.com could not easily enter the U.S. market, where online gambling is highly regulated or banned in most states, Bijan Tehrani, his co-founder Ed Craven, and their companies created Stake.us:
a mirror image of Stake.com that was marketed to U.S. customers as a “social casino” that does not permit “real money gambling.”
3. Stake.us thus presents itself as a “safe and free gaming experience.”
4.
This was and is a ruse.
Stake.us has deceptively portrayed itself to regulators and consumers as offering harmless gameplay when, in fact, it was and is an illegal online casino.
Stake.us offers games that are designed to look and feel like traditional casino games in a traditional casino:
5. Stake.us offers more than 1,900 casino games, including slots, table games, live dealer games, scratch cards, and exclusive “Stake Originals.”
6. Just like in a traditional casino or at Stake.com, players place a bet on a contingent or uncertain event using special casino chips.
If the player wins the bet, Stake.us pays the player their winnings in virtual casino chips.
The player can then place more bets or redeem the casino chips for cash.
This is quintessential gambling.
7. Stake publicly proclaims that its enterprises raked in approximately $4.7 billion in gross revenue in 2024—after winnings were paid out.
A large portion of that revenue came from the United States, including from California in which unregulated gambling is illegal.
8. Stake.us attempts to skirt California’s anti-gambling laws by offering two types of virtual currency:
(1) Gold Coins (“GC”), which have no “real money” value and cannot be converted into real money; and
(2) Stake Cash (“SC”), which can be redeemed for cryptocurrency or digital gift cards on a 1 SC to 1 United States Dollar (“USD”) basis.
