Crypto Casino Stake.com sued for $400 million

[NAPK1NS_RA3]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

[1715302716]

1715302716

[1715302716]

1715302716

[1715302716]

1715302716

[Accardo]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

[avikz]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

[Darker45]

I hope the 3 former college schoolmates, friends, and business partners would reach an equitable settlement over the matter as this might seriously affect not just their personal relationships but also the business they're operating.

From a limited viewpoint, it seems the other two has indeed unfairly sidestepped Freeman. Not only was he not included in Stake, which was not just an idea he originally proposed but something he helped design himself, he was also kicked out from Primedice. But, for what?

Well, we'll see how this case unfolds. In the meantime, I'd rather be cautious in dealing with the two platforms as their operations might be affected in one way or another as they get embroiled in the case.

[jostorres]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

Not really weird. I've seen similar cases like this before. This happens because one is greedy and wants more share than the others but you are right that this can be avoided if only they came up with a proper agreement or contract.

It feels really bad to see your friend took most of the benefits (if not all) and that is why he came up with this because he can not take it anymore. His friend deserves this if I were to ask but I think freeman do also has his own fault on why he fully trusted his friend. Maybe some will distance their self on stake now after this issue sprung up, not only to support freeman but also because the said act is also shady. What if they are also manipulating the results? Because they are too greedy.

[aioc]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

If there's a court case, then the court will decide who will they favor and who is on the right side, it's good that he file a complaint instead of disseminating news that will harm the casino, it could go either way, the court could favor Chris Freeman or Ed Craven and Bijan Tehrani because Craven and Tehrani also insisted that Freeman's information false, and misleading.

This is their statement on the article

“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, intentionally misleading, and provably false.”

,

Let's see who's telling the truth based on the documents they provided.

[Eternad]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

Clearly the guy wants a settlement lower that amount because Stake will never pay him that huge amount just for the punitive damage. This lawsuit will cause a lot on both party and I’m sure that Stake know how to damage control on this kind of situation especially using there company bylaws to save them from this kind of charges.

I understand that Stake might be a high risk as this moment but the money he is asking is too good to be true. I think a settlement for a lower amount is appropriate on this kind of lawsuit that clearly just want to share a piece of cake on Stake success.

[Yaunfitda]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

It's gonna be interesting how things will turn out in this case. It seems that is is like "he said, she said" paradigm. Only the court and the evidences will tell who is lying and how is not and who is liable. But I doubt that the court is going to grant that $400 million. It might be even lower if he accuser will win this case.

How are you concern? if you are a investors, maybe, but for a player? as long as they can pay everything up front and for sure they have huge bankroll that can cover their players whether whales or small one.

[livingfree]

Upon reading, if you're a long time user of them, there's no need for you to worry. This is like an internal issue and the management has handled it.

The answer is there and stake has already given their answer for this sue that has been filed for them. So, as it says, there's the quote in the article that says:

Crypto casino Stake.com labels Freeman’s claims “inconsistent” and “misleading”

The founders of Stake.com were adamant about how Freeman’s claims were false. The firm even suggested that the lawsuit was desperate to spread incorrect information. The statement further read,

“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, intentionally misleading, and provably false.”

The firm affirmed that it would stand its ground and not give in to Freeman’s demands. The founders of the Bitcoin casino were quite confident about the court dismissing Freeman’s claims shortly.

[Docnaster]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

This could be creating a panic. It is just a lawsuit that has not been decided. It is between partners, friends or Co founders. I would have supported the idea of moving your funds if the suit was against government. Stake has released a statement and with the statement we don't need to panic. Even if $400m suit is made, it doesn't mean stake will pay $400 is too high. It's likely they will resolve the issue out of court.

[Nrcewker]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

We should always judge by hearing the story from both the sides.
The founder who filed the case, might not have done the agreement properly for which at a later period of time he faced this issue.
If also he was not getting what we wanted, then how come he didn’t say any word for the past 6 years?
Nevertheless let’s see how Eddie and the rest responds to the case. As far as I know this won’t affect much to the player’s funds. But still let’s see what happens next.

[pakhitheboss]

$400 million in punitive damages will completely destroy Stake if they lose and in the meantime, many users will leave the casino fearing the outcome of this lawsuit. I guess the founders should resolve this issue out of court otherwise this lawsuit will also dent Stake's reputation. This lawsuit looks similar to the Zukerberg and Winklevoss issue wherein the latter one $65 million in the settlement.

[Vaskiy]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

We should always judge by hearing the story from both the sides.
The founder who filed the case, might not have done the agreement properly for which at a later period of time he faced this issue.
If also he was not getting what we wanted, then how come he didn’t say any word for the past 6 years?
Nevertheless let’s see how Eddie and the rest responds to the case. As far as I know this won’t affect much to the player’s funds. But still let’s see what happens next.

Chris Freeman have 20% share on primedice and this have been lowered to 14% later. By the time Eddie and Tehrani have got 40% each. The agreement might've been made wrongly or else Chris Freeman might have waited for the right opportunity. As Stake evolved as the top cryptocurrency accepted casino of the world, he went for lawsuit. If not why should he wait for such a long time period. I believe Stake will come out of this at the earliest.

[swogerino]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think litigation between ex partners are fairly normal in most of the cases.I would advise you to not do so because that is a ridiculous amount to Stake,they,Stake offered like 900m as a bonus last December only during the festive holidays of end of year and Christmas.

Beside that I am sure they will settle the matter just fine between the two parties,in the end nothing to worry here.I am keeping my funds and keep playing there because there is no reason to move elsewhere.

[jcojci]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I agree with your want to move your funds to another casino before something bad happens. We also don't know how the original story came from that article and just hope that the problem can be resolved soon and not worry the members. Maybe we'd better wait for further news and in the meantime, you can move your funds and leave a small amount or nothing.

[xSkylarx]

This lawsuit looks similar to the Zukerberg and Winklevoss issue wherein the latter one $65 million in the settlement.

That is what I remembered also. I don't see this as a threat on Stake.com gambling platform. The issue is between the owners of Stake and its co-founder so it will likely be settled in an agreement. Based on the article on the OP, the co-founder sued the owners of Stake because he didn't got his fair share which is a very common to happen on any companies. The issue also happened many years ago and it makes me wonder why he just filed a lawsuit recently.

[Saint-loup]

$400 million in punitive damages will completely destroy Stake if they lose and in the meantime, many users will leave the casino fearing the outcome of this lawsuit. I guess the founders should resolve this issue out of court otherwise this lawsuit will also dent Stake's reputation. This lawsuit looks similar to the Zukerberg and Winklevoss issue wherein the latter one $65 million in the settlement.

I agree with you, this is not a good news at all for the customers, and as states the OP it could be a good idea to not leave much funds there in the coming months IMO. I don't understand why livingfree is trying to reassure people while he is not even a member of their campaign. If people lose their funds I guess he will reimburse them. Right livingfree? LOL
Now that the news is out, it could be a nice thing if Chris Freeman could tell his story, does anyone know his username here BTW?

[Boristhecat]

I agree with you, this is not a good news at all for the customers, and as states the OP it could be a good idea to not leave much funds there in the coming months IMO. I don't understand why livingfree is trying to reassure people while he is not even a member of their campaign. If people lose their funds I guess he will reimburse them. Right livingfree? LOL
Now that the news is out, it could be a nice thing if Chris Freeman could tell his story, does anyone know his username here BTW?

Maybe he just read the article and sees that this is an empty lawsuit, just like the rape allegations from 20 years ago (meetoo movement)? I read the article and did not see any specifics (accusations) there, except that something was allegedly promised to him, etc. many years ago. If he had clear contracts or some kind of documents, he would have presented them, right? Maybe I'm wrong, but it looks like blackmailing with the aim of damaging the reputation and trying to get money just for withdrawing the claim.

[Wind_FURY]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

It's not "weird", it actually has happened multiple times if a dissatisfied co-founder of a start up starts to sue his/her former partners because he/she believes that he or she has been treated unfairly, or he/she wasn't given a fair severence package if he/she was told to leave the company. The story of Facebook was one of the biggest example.

But, these cases always end in a settlement, without going to court, with everyone happy. The plaintiff gets his/her money, the defendant doesn't need to go to court. Simple.

[fortunecrypto]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

We all can learn from here everything should have a contract even if you are dealing with your best friend, do not rely on a verbal contract, everything should be on paper and transparent, and it should be notarized because something like this could arise, Stake is considered one of the top three casinos in the industry and players will have a doubt and might transfer to other exchange, this is very interesting and we'll wait for more updates because this involves a very huge amount.

[cryptomaniac_xxx]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think litigation between ex partners are fairly normal in most of the cases.I would advise you to not do so because that is a ridiculous amount to Stake,they,Stake offered like 900m as a bonus last December only during the festive holidays of end of year and Christmas.

Beside that I am sure they will settle the matter just fine between the two parties,in the end nothing to worry here.I am keeping my funds and keep playing there because there is no reason to move elsewhere.

Yes, we've seen this before, partnership turns sour and then decided to sue one another. In the beginning if might not look good, but as time goes by, both online gambling platform has established themselves already, prime dice and stake then I wouldn't worry to much of it.

Of course, if the OP is that paranoid, then he can shop for other reputable casinos and make himself comfortable. I think this might be settled out of court for all we know.

[Wexnident]

Looks like a really bad issue but I don't think the stake would drop down because of it, settlements would probably be made and that would be it. I guess it wouldn't be bad to stay away from stake temporarily but I don't think it's going to go that bad imo, the $400m amount also seems like it was just dropped so that it can be blown up and the person suing could have more power or something imo. Just give it a few months, or weeks if it was fast and I don't think the issue would still be up, unless the person suing well totally pushes for the issue to be blown out of proportion.

[Zlantann]

We all can learn from here everything should have a contract even if you are dealing with your best friend, do not rely on a verbal contract, everything should be on paper and transparent, and it should be notarized because something like this could arise, Stake is considered one of the top three casinos in the industry and players will have a doubt and might transfer to other exchange, this is very interesting and we'll wait for more updates because this involves a very huge amount.

These claims are mere accusations that need to be proven beyond a reasonable doubt. Christopher Freeman is claiming that he conceived the idea of establishing a crypto casino which Ed Craven and Bijan Tehrani secretly stole and established Stake.com. But he was never part of the company and he should be able to prove that it was his idea with legal documents. But I think Stake.com is a legal entity, hence the personal matter between these three friends should be settled. Ed Craven and Bijan Tehrani should at least give their friend some millions, instead of wasting the money on extravagant and luxurious expenses.

[acroman08]

I'd love to hear more of this, I hope there would be an update soon with the case.

it's kind of weird that Chris Freeman's stake in the casino was reduced from 20% to 14% while Ed Craven and Bijan Tehrani stake in the casino did not(I assumed it wasn't reduced because it was never mentioned in the article that their stake was affected)? I wish they'd give more information since I think this one is still lacking.

[Eternad]

I'd love to hear more of this, I hope there would be an update soon with the case.

it's kind of weird that Chris Freeman's stake in the casino was reduced from 20% to 14% while Ed Craven and Bijan Tehrani stake in the casino did not(I assumed it wasn't reduced because it was never mentioned in the article that their stake was affected)? I wish they'd give more information since I think this one is still lacking.

I doubt that more info will be available in the public since the company reputation is at stake on this lawsuit. Releasing public information might just worsen the situation since they are operating a services while the issue is internal conflict. This need to be settled and let freeman speak to clarify what’s going when the smoke is already clear. Freeman has no role on Stake company and the reason for this issue. Ed and Bij cut him off and now he wants to paid.

[Bttzed03]

~ This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane.

From what I know, it's not guaranteed that he'll be granted that amount if he wins the case. It's still the court who will decide the just compensation.

~ This is like an internal issue and the management has handled it.

If I understood the article correctly, it doesn't look like an internal issue because Freeman wasn't an official part of Stake.

Just be careful using 'handled' when it comes to pending cases because that usually connotes solved/settled. The court is yet to decide if there is a probable cause and proceed to a trial or just dismiss it if none.

[aioc]

~ This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane.

From what I know, it's not guaranteed that he'll be granted that amount if he wins the case. It's still the court who will decide the just compensation.

~ This is like an internal issue and the management has handled it.

If I understood the article correctly, it doesn't look like an internal issue because Freeman wasn't an official part of Stake.

Just be careful using 'handled' when it comes to pending cases because that usually connotes solved/settled. The court is yet to decide if there is a probable cause and proceed to a trial or just dismiss it if none.

This could go become a long process because both have money especially Stake who needs to win this case in their favor as they have a business to protect, Freeman could opt for out court settlement if he has a good case this case will followed by the whole industry as its can involved a major shakeup in the standing, Stake can opt for out of court settlement it's better this way to end this so players will not doubt on the status of Stake.com.

[Yamifoud]

I will be worried if I'm gambling a lot of money in stake.com, thing is, I only gamble a penny, so whatever happens, I'm okay with losing the money. Stake has a good reputation, they are a big gambling site, so I don't think they will just easily give this fight up, they are only sued, no court decision yet, so nothing to worry.

[virasisog]

~ This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane.

From what I know, it's not guaranteed that he'll be granted that amount if he wins the case. It's still the court who will decide the just compensation.

~ This is like an internal issue and the management has handled it.

If I understood the article correctly, it doesn't look like an internal issue because Freeman wasn't an official part of Stake.

Just be careful using 'handled' when it comes to pending cases because that usually connotes solved/settled. The court is yet to decide if there is a probable cause and proceed to a trial or just dismiss it if none.

This could go become a long process because both have money especially Stake who needs to win this case in their favor as they have a business to protect, Freeman could opt for out court settlement if he has a good case this case will followed by the whole industry as its can involved a major shakeup in the standing, Stake can opt for out of court settlement it's better this way to end this so players will not doubt on the status of Stake.com.

I don't think Stake would let their users to doubt the site and panic because of this issue. This usually happens if there had been a problem with the partnership but I firmly believe that Stake would fix this as soon as they can ans they wouldn't let their reputation to be ruined. The stake has been providing a good service for years and I don't think this issue would be enough to stumble them.

[dothebeats]

That's a huge demand for punitive damage, and I doubt that Stake.com will agree to pay this settlement at all. The case isn't even finalized, and it's still up to the courts whether they'd proceed with this or not. What they did with Freeman is awful, but I guess the amount is still outrageous to say the least. Hopefully this gets settled in a way where both parties are happy with the outcome albeit a relationship that is already tarnished.

This could go become a long process because both have money especially Stake who needs to win this case in their favor as they have a business to protect, Freeman could opt for out court settlement if he has a good case this case will followed by the whole industry as its can involved a major shakeup in the standing, Stake can opt for out of court settlement it's better this way to end this so players will not doubt on the status of Stake.com.

If Stake.com managed to get the settlement done and all parties are happy with the outcome, this might even become a boost for Stake.com since they managed to solve the situation at hand and not evade it at all.

[Rruchi man]

I'll be withdrawing all of my funds and going elsewhere!

Certainly, there will be many other users like you on their platform that will find this new development very disturbing and may want to pull back from their services as a result of this. I read the whole story and all I can see is that it is a case of someone seeking settlement. The current management of Stake should not just shove this off as if it is not quickly settled, the individual seeking settlement will go to almost any length including man to man discussions, to try to ruin the casino's image.  While having this case settled, they should also seek to ensure that they do not have further future cases of people suing them for similar issues, because people can be funny at times and notice that since they settled this individual quickly, may want to take advantage and try their own luck.

[Gozie51]

I understand that Stake might be a high risk as this moment but the money he is asking is too good to be true. I think a settlement for a lower amount is appropriate on this kind of lawsuit that clearly just want to share a piece of cake on Stake success.

Quite huge but that is the measurement of damage seeking for based on the plaintiff , the court will eventually know what is appropriate to do. This will cause panic within the stake community except the company has to deactivate the withdrawal for now until the lawsuit is resolved.

However Christopher Freeman has a case to proof about how his "former" colleagues made him stray away from the business because seeing them live a lavish lifestyle and buying of expensive cars are not enough for him to get the relief he is seeking for.

[Fredomago]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think litigation between ex partners are fairly normal in most of the cases.I would advise you to not do so because that is a ridiculous amount to Stake,they,Stake offered like 900m as a bonus last December only during the festive holidays of end of year and Christmas.

Beside that I am sure they will settle the matter just fine between the two parties,in the end nothing to worry here.I am keeping my funds and keep playing there because there is no reason to move elsewhere.

Good point Stake owners will settle this on the court and there's no need to create panic as the business was already established, if they can provide a huge amount on advertising and sponsorships what more they can take if things will affect their business, beside it's not been decided yet, there are two sides of the stories and both parties needs to prove their versions.

A counter or a settlement will be discussed and a big business like stake will choose the best way for their business.

If the court asks them to pay, then so be it. Business will continue and it will be taken as losses, a part of a business that they will consider
if things will turn against them.

[AmoreJaz]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think litigation between ex partners are fairly normal in most of the cases.I would advise you to not do so because that is a ridiculous amount to Stake,they,Stake offered like 900m as a bonus last December only during the festive holidays of end of year and Christmas.

Beside that I am sure they will settle the matter just fine between the two parties,in the end nothing to worry here.I am keeping my funds and keep playing there because there is no reason to move elsewhere.

Good point Stake owners will settle this on the court and there's no need to create panic as the business was already established, if they can provide a huge amount on advertising and sponsorships what more they can take if things will affect their business, beside it's not been decided yet, there are two sides of the stories and both parties needs to prove their versions.

A counter or a settlement will be discussed and a big business like stake will choose the best way for their business.

If the court asks them to pay, then so be it. Business will continue and it will be taken as losses, a part of a business that they will consider
if things will turn against them.

though the amount involve is huge for many, but in my opinion, if this case will push thru and stake needs to pay, i believe it won't be difficult to settle this  amount as we have seen how much money they are giving just for holiday bonuses. some may panic but that's just a normal reaction. i am not bias on looking at this scenario, but with the business they have today, i don't think they will just let this ruin what they established. so let's see where this goes...as you said, they may just treat such amount as losses. and then, business as usual.

[qwertyup23]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

This kind of issue is what makes or breaks a respectable gambling website. Like what I previously mentioned, owning a gambling casino revolves around building a brand and a collective ecosystem where people would want to continue gambling in to your website. Anything that includes lawsuits, conflicts, or even customer service feedback can heavily impact the popularity of a gambling website.

Since a lawsuit has been filed in Stake, expect that there would be people withdrawing their funds in order to protect and secure their money. Even if the lawsuit fails, this still creates some sort of damage on Stake's popularity and image as a whole.

[abel1337]

$400 million in punitive damages will completely destroy Stake if they lose and in the meantime, many users will leave the casino fearing the outcome of this lawsuit. I guess the founders should resolve this issue out of court otherwise this lawsuit will also dent Stake's reputation. This lawsuit looks similar to the Zukerberg and Winklevoss issue wherein the latter one $65 million in the settlement.

I don't think stake will suffer so much damage that their customers will leave with fear because of this lawsuit. Stake seems pretty confident about their case and according to their statement, They are predicting that the case will be dismissed by the court. I agree that it looks pretty similar, actually it's the first thing came into my mind after reading the article. It's just sad that the old partners where now in a disarray. The memories and hardships they all did is now just hate between three old batchmates.

[Fortify]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

That's definitely an interesting development and does not necessarily bode well for people who have funds in Stake like you say. Theoretically Stake should keep customer funds separate and safe from any sort of court action like this. I suspect the person taking the court action would be more interested in Stake keeping it's strong position in the market and they would receive consistent payouts from the profits that it is generating, either that or receiving back an appropriately sized share of the company based on the outcome of the settlement. These situations are often either messy or super simple to settle, if it's messy then who knows what the end result will be but customer funds should always be protected.

[dothebeats]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

This kind of issue is what makes or breaks a respectable gambling website. Like what I previously mentioned, owning a gambling casino revolves around building a brand and a collective ecosystem where people would want to continue gambling in to your website. Anything that includes lawsuits, conflicts, or even customer service feedback can heavily impact the popularity of a gambling website.

Since a lawsuit has been filed in Stake, expect that there would be people withdrawing their funds in order to protect and secure their money. Even if the lawsuit fails, this still creates some sort of damage on Stake's popularity and image as a whole.

IMO the damage is only done if Stake tried to game the system and avoid litigation as much as possible. Also, this hasn't gone to the courts yet, only filed by the other party seeking just compensation for what Stake's owners and founders did. Stake will do just fine if they just went with the flow and pay the money awarded by the courts should they favor the other party. They can do that easily, as Stake can pay the likes of Drake and still give out tons of generous bonuses to their users.

[Finestream]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

This one is terrible. Whatever the result is, I guess this will definitely create fears on all gamblers to find some safe means to gamble wherein their money is safe and secured. For now, yes it’s better to avoid Stake and withdraw your funds for the good sake. Otherwise, your money will be lost quickly without you knowing.

[ralle14]

Even if the lawsuit fails, this still creates some sort of damage on Stake's popularity and image as a whole.

That is true but I wouldn't worry about their reputation that much since it only takes time for them to rebuild it as we've seen other casinos been through bad cases before and still recover their reputation.

I'm also in the same boat as acroman and want to hear more from the side of Stake since it's unclear as to why it got to that point out of nowhere and it'd be interesting to hear their response if someone decides to bring this up during Eddie's stream tomorrow.

[South Park]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

Not really weird. I've seen similar cases like this before. This happens because one is greedy and wants more share than the others but you are right that this can be avoided if only they came up with a proper agreement or contract.

It feels really bad to see your friend took most of the benefits (if not all) and that is why he came up with this because he can not take it anymore. His friend deserves this if I were to ask but I think freeman do also has his own fault on why he fully trusted his friend. Maybe some will distance their self on stake now after this issue sprung up, not only to support freeman but also because the said act is also shady. What if they are also manipulating the results? Because they are too greedy.

We will have to see how this evolves, it seems the owners of Stake do not agree at all with those statements, which is why they will have to face each other in court, but I guess that if there was some truth to those statements it will have been easier for them to give this person a lot of money to remain quiet about this in order to avoid getting negative publicity, the fact that they are willing to face the bad publicity that is more likely coming their way tells me that they are confident they are going to win this, even if they have to pay a steep price for it.

[ultrloa]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

Not really weird. I've seen similar cases like this before. This happens because one is greedy and wants more share than the others but you are right that this can be avoided if only they came up with a proper agreement or contract.

It feels really bad to see your friend took most of the benefits (if not all) and that is why he came up with this because he can not take it anymore. His friend deserves this if I were to ask but I think freeman do also has his own fault on why he fully trusted his friend. Maybe some will distance their self on stake now after this issue sprung up, not only to support freeman but also because the said act is also shady. What if they are also manipulating the results? Because they are too greedy.

We will have to see how this evolves, it seems the owners of Stake do not agree at all with those statements, which is why they will have to face each other in court, but I guess that if there was some truth to those statements it will have been easier for them to give this person a lot of money to remain quiet about this in order to avoid getting negative publicity, the fact that they are willing to face the bad publicity that is more likely coming their way tells me that they are confident they are going to win this, even if they have to pay a steep price for it.

That's a lot of money and this is total huge damage to them but I thin stake will give that amount since there reputation will get ruined if they will not provide that if court order them to do so. For sure Stake will also protect their reputation because this is successful business and they want to retain the trust of their existing gamblers since this is still profitable to them.

[coin-investor]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

This is a very interesting case but I don't think Stake is shaken up by this, and you should not worry at all Stake.com by far is the most stable casino in the industry, they can opt for out of court settlement if they want it or they can fight this case, either way, this cannot harm Stake.com
it's not that Freeman is asking heavens on Stake.com, for Stake hold in the market to crumble, things like this happens in the corporate world and it can happen in the casino industry.

[bittraffic]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

It's not "weird", it actually has happened multiple times if a dissatisfied co-founder of a start up starts to sue his/her former partners because he/she believes that he or she has been treated unfairly, or he/she wasn't given a fair severence package if he/she was told to leave the company. The story of Facebook was one of the biggest example.

But, these cases always end in a settlement, without going to court, with everyone happy. The plaintiff gets his/her money, the defendant doesn't need to go to court. Simple.

Even if the article says true, many people wouldn't do what Freeman did however for old-time sake.
in Pricedice, it says he only got 20%, there must be an arrangement between the 3 before they proceeded and he knows exactly he'll get 20%. So why does it look at it like he was punished by the two?

There must be more to the story than just him being left out of the Stake project.

[Ludmilla_rose1995]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

right, when the authorities intervene in this case, it is not impossible that stake operations will be temporarily suspended until the court's decision is completed, Transferring funds temporarily to other gambling sites is a wise thing. money is always the problem with a company founded with friends or colleagues.

[TopT3ns]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

Don't panic because if moving all assets to other gambling places is also more dangerous, a blockchain wallet or exchange wallet can be the best choice for securing assets because in my opinion it is less secure, but it doesn't need to be done because stakes can always solve a problem well and there's no need to be afraid.

[Doell]

I agree with all people who say don't be afraid because stake give a lot of holiday bonuses, the amount is also not small and they can definitely solve this problem well. Transferring your funds to another casino, just to play? is casino as trusted and a good reputable like a stake? if it's not better than the stake, why bother moving it. After all we are not recommended to keep all funds in any industry be it market or gambling industry etc, agree with the post before me above.

[robelneo]

$400 million is $400 million any way you look at it it's still a very huge amount before and while the case is ongoing there will be out-of-court talks to settle this, it depends on Freeman on how he will present his case if those agreements and occurrence are recorded with witnesses then he has an advantage, I don't know if they have contracts on all their talks this will speed up in resolving it if they have contracts but if they don't have they will have to rely on witnesses.
People should when they are starting out a business and in partnership always make everything on paper to avoid future issues that may harm their business.

[Fatunad]

$400 million is $400 million any way you look at it it's still a very huge amount before and while the case is ongoing there will be out-of-court talks to settle this, it depends on Freeman on how he will present his case if those agreements and occurrence are recorded with witnesses then he has an advantage, I don't know if they have contracts on all their talks this will speed up in resolving it if they have contracts but if they don't have they will have to rely on witnesses.
People should when they are starting out a business and in partnership always make everything on paper to avoid future issues that may harm their business.

There's still no proof that Freeman words or complaints are indeed truth and not just story making kind of situation.We cant tell also on whose the one been telling the truth.
This case is still running and lets see on what would be the settlement in between parties and its true that there would be off the court kind of dealing or settlement
but i doubt that Freeman would really be making it amicable if he wont get that he do believe that he should get.

[Little Mouse]

There's no proof that Freeman is telling the truth or not. It is possible that he is trying to defame only and have stake in a trouble for a moment. It seems like he is successful if that's what his intention is.
I don’t have a lot of funds on stake, I have to check and I'm sure it's pretty low. So, nothing to worry for me. If the accusation is correct, there's something bad waiting for stake and primedice.

[OgNasty]

I don’t think this is something that you should be worried for your funds over. Co-founders suing each other is one of the more common reasons for a lawsuit. I don’t think it has the potential to end Stake or cost customer funds to be in limbo. More likely this will be settled out of court with a payoff and then swept under the rug.

[Cryptmuster]

There's still no proof that Freeman words or complaints are indeed truth and not just story making kind of situation.We cant tell also on whose the one been telling the truth.
This case is still running and lets see on what would be the settlement in between parties and its true that there would be off the court kind of dealing or settlement
but i doubt that Freeman would really be making it amicable if he wont get that he do believe that he should get.

We do not know the whole situation, so do not speculate, let's see how it all ends. I know only one thing, always where there is big money, similar situations arise. Someone decided that he deserved more, or he was underpaid and so on, and this situation would never have arisen if Stake was a small company with a small budget, there would have been no lawsuits, it's all about money.

[Gozie51]

right, when the authorities intervene in this case, it is not impossible that stake operations will be temporarily suspended until the court's decision is completed, Transferring funds temporarily to other gambling sites is a wise thing. money is always the problem with a company founded with friends or colleagues.

Suspending stake operation for this case is most likely not going to happen for now. This is an internal management issue involving partners on what way they have been treated and allegation of sharing or getting benefit but not financial embezzlement. So I think it will be in the jurisdiction of the court to determine against evidence presented or maybe out of court using ADR (Alternative Dispute Resolution) on a round table with some wine and bottles of beer.

[Coin_trader]

I don’t think this is something that you should be worried for your funds over. Co-founders suing each other is one of the more common reasons for a lawsuit. I don’t think it has the potential to end Stake or cost customer funds to be in limbo. More likely this will be settled out of court with a payoff and then swept under the rug.

Legally speaking there’s still a chance that a company go under if they don’t have funds to settle but since Stake is a huge company that have huge funds to cover, You’re right that Stake players shouldn’t be worried on case like this and also I’m sure that this lawsuit will take time to conclude in case the Freeman will win the case and get the money he is asking. Settlement is more realistic to happened and it means it will be less hassle to both party. I think this kind of lawsuit usually end in settlement since this is all about money and not justice.

[P2PECS]

It's a shame to see friends end badly over money, but this happens even in the best families.

I don’t think this is something that you should be worried for your funds over. Co-founders suing each other is one of the more common reasons for a lawsuit. I don’t think it has the potential to end Stake or cost customer funds to be in limbo. More likely this will be settled out of court with a payoff and then swept under the rug.

Legally speaking there’s still a chance that a company go under if they don’t have funds to settle but since Stake is a huge company that have huge funds to cover, You’re right that Stake players shouldn’t be worried

Yes well, money is very scary, and it is not clear to me that this news will not influence some players on the site. With such a wide range of cryptocurrency casinos, it is very easy to withdraw funds and go to another casino.

[Saint-loup]

I don’t think this is something that you should be worried for your funds over. Co-founders suing each other is one of the more common reasons for a lawsuit. I don’t think it has the potential to end Stake or cost customer funds to be in limbo. More likely this will be settled out of court with a payoff and then swept under the rug.

Legally speaking there’s still a chance that a company go under if they don’t have funds to settle but since Stake is a huge company that have huge funds to cover, You’re right that Stake players shouldn’t be worried on case like this and also I’m sure that this lawsuit will take time to conclude in case the Freeman will win the case and get the money he is asking. Settlement is more realistic to happened and it means it will be less hassle to both party. I think this kind of lawsuit usually end in settlement since this is all about money and not justice.

So many casinos, gambling sites, exchanges and crypto platforms have closed their doors without returning funds to their customers, so many casinos have locked customers funds (including Stake according to reviews) for meaningless reasons, that I really don't think it's responsible to say there is no risk for the customers, and they shouldn't be worried. In addition to be easily concealable, cryptos are not seizable assets, if the holder doesn't want to give you back your funds or his private key, even the justice can't do anything if he has no other goods to be seized. So people need to be educated about that : Not your key, not your coins and casinos are not your friends, they are business companies looking for winning money.

[Wind_FURY]

I'd love to hear more of this, I hope there would be an update soon with the case.

it's kind of weird that Chris Freeman's stake in the casino was reduced from 20% to 14% while Ed Craven and Bijan Tehrani stake in the casino did not(I assumed it wasn't reduced because it was never mentioned in the article that their stake was affected)? I wish they'd give more information since I think this one is still lacking.

Stake's founders did the same like the Facebook founders' situation. In Facebook, because Eduardo Saverin wasn't always present in Facebook's offices, Mark Zuckerburg with the help of some lawyers diluted Saverin's share of the company, to issue more shares for new investors. Eduardo Saverin and his lawyers sued, and Mark Zuckerburg and Facebook settled the case without going to court. "Money for damages caused".

[btc78]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

this is alarming for stake players like us , though i am not holding big amount in Stake site yet this is something that we must put a main concern.

the lawsuit damage claim is really high that will surely affect the operation of this old and biggest site.

Hoping that they will get into settlement agreement that both will benefits .

[gunhell16]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

According to my understanding of what I read in the article, they have always been together in prime dice, and now it seems that Freeman is suing the creators of Stakes.com who, for him, deceived him in the first place. , and now he is asking for damages of 400$ because he found out that only when did he buy expensive houses worth millions.

But as it happens, it doesn't look good for the stakes.com community here in the crypto space. It can affect other aspects for sure, especially if it spreads quickly in crypto news in this industry. I hope they can fix it soon or else everyone will be affected for sure.

[dothebeats]

I'd love to hear more of this, I hope there would be an update soon with the case.

it's kind of weird that Chris Freeman's stake in the casino was reduced from 20% to 14% while Ed Craven and Bijan Tehrani stake in the casino did not(I assumed it wasn't reduced because it was never mentioned in the article that their stake was affected)? I wish they'd give more information since I think this one is still lacking.

Stake's founders did the same like the Facebook founders' situation. In Facebook, because Eduardo Saverin wasn't always present in Facebook's offices, Mark Zuckerburg with the help of some lawyers diluted Saverin's share of the company, to issue more shares for new investors. Eduardo Saverin and his lawyers sued, and Mark Zuckerburg and Facebook settled the case without going to court. "Money for damages caused".

In the case of Eduardo Saverin, he was there during a lot of crucial moments and a lot of meetings that made Facebook grow as a company in its initial stages. He's also with Mark when they needed funding to continue Facebook's operation at the time. Mark only cut off Saverin on a very crucial meeting in which Saverin can't come up to a decision, and Zuckerberg mentions that he "can't take the lag".

For Stake.com and Freeman's case, not a lot of involvement happened between Stake and Freeman. They had a very important collaboration in PrimeDice but not in Stake, so I guess that will be Stake's initial answer to this lawsuit that is being fired at them. Whatever the case is, this will most probably get settled out of courts. Freeman has a weak case so far, but Stake needs to do some damage control too.

[passwordnow]

this is alarming for stake players like us , though i am not holding big amount in Stake site yet this is something that we must put a main concern.

Not that alarming. You can read the article and see what it is all about. If you're a regular customer, there's no need for you to be worried about it. Whether you have a big or small amount on your bankroll, that won't be touched by this problem that has been brought.

the lawsuit damage claim is really high that will surely affect the operation of this old and biggest site.

Hoping that they will get into settlement agreement that both will benefits .

If they're not even bothered by it, there's no way that the customers should be bothered by it.

[fortunecrypto]

If they're not even bothered by it, there's no way that the customers should be bothered by it.

It's not that Freeman can get the win right away there will be a lot of presentations on the case, between the two Stake.com has the money they can hire or they already have the best lawyers to fight this case, they can go on a short route by settlement, I don't think this is something that will cause alarm, Facebook has similar issues in the past, and many corporate have faced similar issues, Stake.com knows what to do and they will continue to be the top casino in the industry.

[livingfree]

I don't understand why livingfree is trying to reassure people while he is not even a member of their campaign. If people lose their funds I guess he will reimburse them. Right livingfree? LOL

I'm not reassuring people, I'm just giving my opinion based on what I've read on that article. That's the only source where I've based from what I've read. Whether I'm not a member of their campaign, I've just read the information that's in the article.

And if people lose their funds, why I will reimburse them if I've just given my opinion about what has been shared on this board?

There have been cases brought by newbies about their funds about this casino and there are several factors that have been given for those reasons, either they cheated, there's an abused and others.

Although I understand it about the thoughts of being worried still, we all have a say and way of taking care of our funds and handling issues that could affect our trust and funds. If you trust them, it's up to you and keep it there but if this worries you, withdraw your funds.

[Fredomago]

right, when the authorities intervene in this case, it is not impossible that stake operations will be temporarily suspended until the court's decision is completed, Transferring funds temporarily to other gambling sites is a wise thing. money is always the problem with a company founded with friends or colleagues.

Suspending stake operation for this case is most likely not going to happen for now. This is an internal management issue involving partners on what way they have been treated and allegation of sharing or getting benefit but not financial embezzlement. So I think it will be in the jurisdiction of the court to determine against evidence presented or maybe out of court using ADR (Alternative Dispute Resolution) on a round table with some wine and bottles of beer.

More on the money side and I'm sure Stake have that enough funds to settle this if in case they'll going to lose with this case, but operation wise they won't allow any interventions as the main point here is for them to settle the claim and there' nothing to be confiscated as like you mentioned there's no financial issue or whatsoever.

Same with my first sentiment, if stake can throw huge amount of money for promotions, advertising and partnerships what more in this case, they can pay this for the operation to continue and not to allow their clients to fear out.

[mv1986]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

This could be creating a panic. It is just a lawsuit that has not been decided. It is between partners, friends or Co founders. I would have supported the idea of moving your funds if the suit was against government. Stake has released a statement and with the statement we don't need to panic. Even if $400m suit is made, it doesn't mean stake will pay $400 is too high. It's likely they will resolve the issue out of court.

But you raised a good point here: even if the guy doesn't expect to receive the $400 million, creating a panic could be one major goal of that lawsuit and I think that people will indeed withdraw funds. Now maybe not to an extent that they run into an existential liquidity crisis, but you can't ever know. If everyone wanted their money all at once, that could put the casino under pressure as the question also is when people who left temporarily start playing again. So either way such a message causes probably financial damage in some shape or form.

[molsewid]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

I agree with you, that's a huge amount and enough number to make a certain company to collapse and have a huge debt as well. We all know stake. com maybe they have plenty of money to be used in order to this issue but then investors will have a doubt on them since they already lose money we as people will always think that if one case arises more will come up soon and do they still have some money when that time comes? so I think better to move out the money and come back after they will clear their name publicly and with a clarifications.

[Lanatsa]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

I agree with you, that's a huge amount and enough number to make a certain company to collapse and have a huge debt as well. We all know stake. com maybe they have plenty of money to be used in order to this issue but then investors will have a doubt on them since they already lose money we as people will always think that if one case arises more will come up soon and do they still have some money when that time comes? so I think better to move out the money and come back after they will clear their name publicly and with a clarifications.

If you do really tend to read up the link then it do states on how much this firm been earning
"He noted that the firm had processed about $100 billion in bets."

If you do just make out some percentage reduction or revenue out of those bets then that 400m amount wont totally close up this company but it cant
really be denied that this amount is indeed huge or would give big impact.

[Baofeng]

right, when the authorities intervene in this case, it is not impossible that stake operations will be temporarily suspended until the court's decision is completed, Transferring funds temporarily to other gambling sites is a wise thing. money is always the problem with a company founded with friends or colleagues.

Suspending stake operation for this case is most likely not going to happen for now. This is an internal management issue involving partners on what way they have been treated and allegation of sharing or getting benefit but not financial embezzlement. So I think it will be in the jurisdiction of the court to determine against evidence presented or maybe out of court using ADR (Alternative Dispute Resolution) on a round table with some wine and bottles of beer.

More on the money side and I'm sure Stake have that enough funds to settle this if in case they'll going to lose with this case, but operation wise they won't allow any interventions as the main point here is for them to settle the claim and there' nothing to be confiscated as like you mentioned there's no financial issue or whatsoever.

Same with my first sentiment, if stake can throw huge amount of money for promotions, advertising and partnerships what more in this case, they can pay this for the operation to continue and not to allow their clients to fear out.

Definitely, it boils down to money, to the ex-partner that's why he sued the current owner of Stake. Even in other industries, this happen specially if the company become so famous and started to rake money, billions and billions like in this example.

But hopefully, they could settle their difference and move on. I'm not saying that Stake can't afford to pay $400 million, but for sure them and the lawyers will have to put up a fight and or at least lower what was initially ask by the complainant.

[crzy]

Definitely, it boils down to money, to the ex-partner that's why he sued the current owner of Stake. Even in other industries, this happen specially if the company become so famous and started to rake money, billions and billions like in this example.

But hopefully, they could settle their difference and move on. I'm not saying that Stake can't afford to pay $400 million, but for sure them and the lawyers will have to put up a fight and or at least lower what was initially ask by the complainant.

There’s no doubt that STAKE can totally settle that $400million but the issue here is not about the money, this is already in the court and that could be more alarming since it can happen again once a gamblers find a reason to sue the site. If this will push through, we can expect for a temporary suspension of the site and that could affect many gamblers. This is too bad especially if the old partner knows your bad side, let’s see how they can handle this issue.

[Johnyz]

There’s no doubt that STAKE can totally settle that $400million but the issue here is not about the money, this is already in the court and that could be more alarming since it can happen again once a gamblers find a reason to sue the site. If this will push through, we can expect for a temporary suspension of the site and that could affect many gamblers. This is too bad especially if the old partner knows your bad side, let’s see how they can handle this issue.

This is where money can take you, they are co-partners before but due to some reason they part ways and this is the result of that. I know Stake can settle this issue but most probably, Freeman wont come into that agreement and continue to pursue this case. Well, this is their personal problem and not related to Stake gambling itself, we can still have an assurance that the site will stay intact. With regards to the suspension of the operation, I don’t think it can happen, because the case is not about the site itself, the case is about their agreements. 

[Wakate]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

So many news I have been seeing in the net recently and I wouldn't be surprised because this is the same way Facebook was sued too and Mark Zuckerberg had to compensate his colleague that both joined to create Facebook.
This kind of news is normal in this era that we are and we shouldn't be worried about it because the end would still be compensation which would not be as much money that is requested. Nothing to be worried about because it looks like he wanted compensation from the casinos which is quite obvious.

[goaldigger]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

Regardless of the issue, we should start withdrawing some funds for now because it can really affect the site itself and maybe the court will order that while the case is on-going. This is a battle of rich people, they all have the money to pursue this case and with that issue, I hope Stake can afford this one and win the case though they can still settle this, and might be the best way to protect the interest of their players.

[samcrypto]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

Regardless of the issue, we should start withdrawing some funds for now because it can really affect the site itself and maybe the court will order that while the case is on-going. This is a battle of rich people, they all have the money to pursue this case and with that issue, I hope Stake can afford this one and win the case though they can still settle this, and might be the best way to protect the interest of their players.

Not to create panic, but it’s really advisable for now while the case is still on-going. I don’t know if this can totally affect the site itself but with that kind of issues, I think some gamblers will started to pull out. Well, this happened already with many site before but the good thing is, their platform is still running while the case is on-going so we might not see any suspension here which is good if you are planning to pull out later on. 

[STT]

Bit of a troll isnt it, how is this relevant to whether you play there or not.    The true details and nature of the legal case is not something likely to be known perfectly by players and users of the site, I dont see it affects me in my choice to play or not.   Discussions over equity in a business by partners or former partners is not that uncommon, Facebook famously faced this and to this day has some unusual share class distribution to its stock listing.   Really more of a business discussion then a player thing imo.

[mindrust]

Even if he don’t win the lawsuit these news will be devastating for the casino’s public image. Now lots if people will panic and withdraw funds because of that. It may even send the casino to bankruptcy. Stake/Primedice is (or was) one of the biggest casinos in this space and not many people had any serious problems with them. They (probably) still have a good reputation but these news might change everything.

[Cling18]

Even if he don’t win the lawsuit these news will be devastating for the casino’s public image. Now lots if people will panic and withdraw funds because of that. It may even send the casino to bankruptcy. Stake/Primedice is (or was) one of the biggest casinos in this space and not many people had any serious problems with them. They (probably) still have a good reputation but these news might change everything.

It isn't a reason enough for people to feel devastated or fearful about this case because we all know that Stake is a reputable site and they will never let this issue pass without solving it. If it isn't affecting the gameplay, for now, I guess we shouldn't feel too bothered about what is happening because it will still take a legit process. It might affect the image of Stake but I don't think it will affect the good service that they could provide.

[Viscore]

Upon reading, if you're a long time user of them, there's no need for you to worry. This is like an internal issue and the management has handled it.

The answer is there and stake has already given their answer for this sue that has been filed for them. So, as it says, there's the quote in the article that says:

Crypto casino Stake.com labels Freeman’s claims “inconsistent” and “misleading”

The founders of Stake.com were adamant about how Freeman’s claims were false. The firm even suggested that the lawsuit was desperate to spread incorrect information. The statement further read,

“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, intentionally misleading, and provably false.”

The firm affirmed that it would stand its ground and not give in to Freeman’s demands. The founders of the Bitcoin casino were quite confident about the court dismissing Freeman’s claims shortly.

I believe long time users of Stake.com can also attest that this accusation is a lie, and that Freeman’s demands are clearly for own intentional desires. However, this may somehow affect the reputation of Stake.com as some gamblers will start to develop fear on the said casino. But for those who have built their trust on Stake.com, this kind of news won’t never create a big deal and won’t stop them from playing in Stake.com.

[tygeade]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I am not sure if withdrawing would be needed, but it certainly wouldn't hurt neither, that is the key point. Will something happen and would your funds be hurt if this goes to trial? I do not think so, I think all the funds are safe and nothing will happen, but can I guarantee it? Of course not, which means that even if you may not have any problems with your funds being in stake, you certainly wouldn't have it on Binance or like a ledger wallet neither, that is a 100% guaranteed option at least unless you are hacked or whatever which is personal stuff not general.

Trusting a place doesn't mean other options aren't as safe as staying put, withdrawing is AT LEAST as safe, if not more, as keeping it on stake.

[cryptomaniac_xxx]

Even if he don’t win the lawsuit these news will be devastating for the casino’s public image. Now lots if people will panic and withdraw funds because of that. It may even send the casino to bankruptcy. Stake/Primedice is (or was) one of the biggest casinos in this space and not many people had any serious problems with them. They (probably) still have a good reputation but these news might change everything.

I don't think that this could be a significant news for Primedice/Stake, they are the prime movers of crypto casinos and with that it's hard to see them losing that position because they are fighting against one another in the court. For sure there will be competitions already that will try to take a piece of the pie, but it will not be easy as this 2 are still on the top of this very niche. Unless there have been issues like not paying their whales, but in this case? as othes mentioned it's just about the money and not their reputation is on the line.

[acroman08]

You can read more about Stake.com here: http://sportstatist.com/stake-review/

what's the point of posting this here? what does reading your review of stake.com has to do with the topic? at this point, you are just ad-spamming your website in this thread. perhaps next time read what the topic is about and learn to know when and where is the right time to advertise your website.

[robelneo]

You can read more about Stake.com here: http://sportstatist.com/stake-review/

After two years are you still at it, you've been given a neutral tag for this now you're posting again on something that is out of topic and with no relevance to what is being discussed here

Only here to spam his affiliate links. Don't click on them.

Going back to the topic Stake is very firm that they will not give in to Freeman's demand, Freeman must have documents to back up his claims if he doesn't have clear documentation on what transpired and anything to back up his claim Stake.com will not do an out of court settlement on Freeman's term.

It added the founders of the company do not intend to cave to Freeman’s demands “and are confident that these utterly frivolous allegations will be dismissed by the court in due course.”

[Wapfika]

Even if he don’t win the lawsuit these news will be devastating for the casino’s public image. Now lots if people will panic and withdraw funds because of that. It may even send the casino to bankruptcy. Stake/Primedice is (or was) one of the biggest casinos in this space and not many people had any serious problems with them. They (probably) still have a good reputation but these news might change everything.

I don't think that this could be a significant news for Primedice/Stake, they are the prime movers of crypto casinos and with that it's hard to see them losing that position because they are fighting against one another in the court. For sure there will be competitions already that will try to take a piece of the pie, but it will not be easy as this 2 are still on the top of this very niche. Unless there have been issues like not paying their whales, but in this case? as othes mentioned it's just about the money and not their reputation is on the line.

Primedice is not a top casino since it focus only on dice game while Stake get all the spotlight. This is the reason why the complainant wants to sue them for leaving him behind on Stake investment while they are together on Primedice which now has a low volume compared to Stake. Sportsbet.io and it’s sister company are on top contender on Stake spot. These casinos is one of the biggest casino in crypto and probably almost same profit revenue to Stake since its marketing and sponsor is almost at the same level of Stake.

[livingfree]

~snip~

I believe long time users of Stake.com can also attest that this accusation is a lie, and that Freeman’s demands are clearly for own intentional desires. However, this may somehow affect the reputation of Stake.com as some gamblers will start to develop fear on the said casino. But for those who have built their trust on Stake.com, this kind of news won’t never create a big deal and won’t stop them from playing in Stake.com.

It's on the users now.

If this isn't a big thing for them, they will just continue. But if this worries them, they can make their own research and ask them directly. It's easy to ask this, they have an active thread, and they have the support and email.

They are there to contact freely if something is bothering a user from this issue that he has seen. And it's on the user if the answer is satisfying, justifiable or not.

[Lanatsa]

Even if he don’t win the lawsuit these news will be devastating for the casino’s public image. Now lots if people will panic and withdraw funds because of that. It may even send the casino to bankruptcy. Stake/Primedice is (or was) one of the biggest casinos in this space and not many people had any serious problems with them. They (probably) still have a good reputation but these news might change everything.

I don't think that this could be a significant news for Primedice/Stake, they are the prime movers of crypto casinos and with that it's hard to see them losing that position because they are fighting against one another in the court. For sure there will be competitions already that will try to take a piece of the pie, but it will not be easy as this 2 are still on the top of this very niche. Unless there have been issues like not paying their whales, but in this case? as othes mentioned it's just about the money and not their reputation is on the line.

Primedice is not a top casino since it focus only on dice game while Stake get all the spotlight. This is the reason why the complainant wants to sue them for leaving him behind on Stake investment while they are together on Primedice which now has a low volume compared to Stake. Sportsbet.io and it’s sister company are on top contender on Stake spot. These casinos is one of the biggest casino in crypto and probably almost same profit revenue to Stake since its marketing and sponsor is almost at the same level of Stake.

If you do go back into those early years where Dice sites are the most popular sites then you do know that Primedice is one of the best of that time which i dont have any doubts that they've earned
tons into those times.If percentage shares had been decreased or changed up into Primedice time with Freeman but didnt make out some complaints and when the time comes that Stake
did really fly out with colors but didnt really get the enough shares as contracted or agreed upon then it would really be just normal that he would really be getting the amount
that he should have earned or shares that he had.

[uneng]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

[passwordnow]

If they're not even bothered by it, there's no way that the customers should be bothered by it.

It's not that Freeman can get the win right away there will be a lot of presentations on the case, between the two Stake.com has the money they can hire or they already have the best lawyers to fight this case, they can go on a short route by settlement, I don't think this is something that will cause alarm, Facebook has similar issues in the past, and many corporate have faced similar issues, Stake.com knows what to do and they will continue to be the top casino in the industry.

They can just win the case and pay lesser to their attorney and get away with what Freeman is asking so they save more money and get through it legally. That's why they seem to be not bothered by it.
There were many issues and legal battles from corporations that have become popular and profitable when one individual or founding member of it a long time ago was ejected and wanted to get in when it's already beneficial.

[coin-investor]

If they're not even bothered by it, there's no way that the customers should be bothered by it.

It's not that Freeman can get the win right away there will be a lot of presentations on the case, between the two Stake.com has the money they can hire or they already have the best lawyers to fight this case, they can go on a short route by settlement, I don't think this is something that will cause alarm, Facebook has similar issues in the past, and many corporate have faced similar issues, Stake.com knows what to do and they will continue to be the top casino in the industry.

They can just win the case and pay lesser to their attorney and get away with what Freeman is asking so they save more money and get through it legally. That's why they seem to be not bothered by it.
There were many issues and legal battles from corporations that have become popular and profitable when one individual or founding member of it a long time ago was ejected and wanted to get in when it's already beneficial.

I support that if Freeman cannot show up documents and witnesses to back up his charges and claims, Stake should battle it out in court to clear their name and protect their reputation, its better to win the battle in courts if you think the other party is accusing you falsely if they win the battle all misinterpretation will vanish but if they give in to Freeman's demand people will look the other way, so they have done the right things refuting Freeman's claims, I just hope as one of Stake.com supporters that these things will not drag on for a long period of time.

[Sirait]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

stake is one of the gambling sites that is already very large, so they will not close the service just because of a claim of that value, besides that the legal decision has not come down so it can't be confirmed whether the stake will lose and have to pay that amount of compensation. I support stake, because I like how they maintain their reputation and keep their service well. the chance of stake to win is still big, they must be able to continue to appeal even though the judge's decision has been down.

[n0ne]

~snip~

I believe long time users of Stake.com can also attest that this accusation is a lie, and that Freeman’s demands are clearly for own intentional desires. However, this may somehow affect the reputation of Stake.com as some gamblers will start to develop fear on the said casino. But for those who have built their trust on Stake.com, this kind of news won’t never create a big deal and won’t stop them from playing in Stake.com.

It's on the users now.

If this isn't a big thing for them, they will just continue. But if this worries them, they can make their own research and ask them directly. It's easy to ask this, they have an active thread, and they have the support and email.

They are there to contact freely if something is bothering a user from this issue that he has seen. And it's on the user if the answer is satisfying, justifiable or not.

Agreed, and already Stake have informed that it is completely a false report being spread by Freeman to destroy the growth of Stake. Freeman who have partnered them in previous business weren't involved with Stake. Now looking upon the growth it have achieved in the short time period he have went for a lawsuit. Stake will soon conclude this problem.

[Fundamentals Of]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

Even if Stake is earning big, it doesn't mean that $400 million is nothing to them. It must still be a very big amount that will definitely be heavy on the owners' shoulders. Something might be sacrificed for that. It could be about a sponsorship or marketing plan. But until now, the case is yet to be finally decided by the courts. It could favor any of the parties involved. But whatever initial decision to be released could still be appealed so it may still take some time.

[_act_]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

If everyone move their funds from Stake, Stake would collapse, but not everyone would do that. Court cases are solved case by case, court would also look for what would protect Stake customers funds. As I see this, there is nothing to worry about as long as nothing like Stake crypto account was hacked.

[bittraffic]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

If everyone move their funds from Stake, Stake would collapse, but not everyone would do that. Court cases are solved case by case, court would also look for what would protect Stake customers funds. As I see this, there is nothing to worry about as long as nothing like Stake crypto account was hacked.

$400 million is a small amount than what they will have in the future. If you just peak which casino is on top of the rank in crypto, Stake s above all. But I'm sure they can figure out how to untangle with a negotiation. This is a simple misunderstanding and the other party could just settle for less if this is not tangled politically along with regulators in crypto. If this involves politics like regulators, therefore it's a problem for all crypto casino.

[iv4n]

$400 million in punitive damage? That's insane! I believe it's a good time to withdraw your funds from Stake asap because you never know the outcome of the lawsuit. This is not the first time we have seen such ownership dispute in crypto world but the amount this time is insane. So just to make your funds safe, move to a different casino for the time being.

If everyone move their funds from Stake, Stake would collapse, but not everyone would do that. Court cases are solved case by case, court would also look for what would protect Stake customers funds. As I see this, there is nothing to worry about as long as nothing like Stake crypto account was hacked.

$400 million is a small amount than what they will have in the future. If you just peak which casino is on top of the rank in crypto, Stake s above all. But I'm sure they can figure out how to untangle with a negotiation. This is a simple misunderstanding and the other party could just settle for less if this is not tangled politically along with regulators in crypto. If this involves politics like regulators, therefore it's a problem for all crypto casino.

I agree with Bittraffic here, Stake makes money, and $400 million is probably nothing compared with the money they are earning and will earn in the future! I also believe they will make some settlement here, in the beginning, the numbers are always blown, to scare others, but as time goes that will be a lot lower I am sure. It's a big question how strong the case Christopher Freeman has here, I guess something we have to wait and see.

I doubt that many people will move the funds, after all, it's a gambling site, and most people gamble with money they can afford to lose! And even more, I doubt that Stake will take money from players, that would be their end, there are other ways for them to pay it and business to continue to bring profits!

[Cookdata]

This is madness! An established company may have a lot of money but going around to sue a company that in some ways give you some inconvenience fortune is nonsense. The same amount of $400m crypto.com spent on a 5-year partnership deal with UEFA Champions League, the lawyer needs to be spread some pepper spray in the eye regardless of what transpires between them.

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes.

Not when the lawsuits can break them, even if they are guilty, the jury wouldn't be in favour for them to pay out the $400m, the company will likely die sooner than expected.

I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

Op is an example that many players will stop playing in that casino, now that the company has been sued, their revenues will reduce because they wouldn't experience traffic as they used to and paying off will be difficult.

[uneng]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

Even if Stake is earning big, it doesn't mean that $400 million is nothing to them. It must still be a very big amount that will definitely be heavy on the owners' shoulders. Something might be sacrificed for that. It could be about a sponsorship or marketing plan. But until now, the case is yet to be finally decided by the courts. It could favor any of the parties involved. But whatever initial decision to be released could still be appealed so it may still take some time.

400$ million is a decent amount of money, but not the end of the world for the biggest crypto casino around. I wouldn't say something would have to be sacrificed in case they have to pay the indemnity, rather it would have to temporarily delayed, because the flux of new income must cover the losses in a while.
However, you are right: there are different possible outcomes for this lawsuit yet. Stake can win, lose or a middle term agreement can be reached by both parts. Usually the initial asked amount by the accuser doesn't remain the same by the end of the cause.

[YOSHIE]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

Users have a primary goal in gambling, that's for sure, although there are some people for fun, it's another method, a matter of convenience, winning and no problem, every addict's dream.

Gambling has financial risks for individuals, worry is not a solution to risk your money in that place, bottom line: no one is telling and forcing you to gamble, belief and willingness of the main capital, you choose the gambling site and you end it, gambling bets are the same, you have the right to all the money you have, If you believe that leaving the house is appropriate, remember, gambling is risky, wherever you go, prioritize honesty and professionalism.

[BobK71]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

At present, Stake dominate the whole crypto casino Market. Business is operating with good reputation. Now a days If you do business, there will be lawsuits. Something happened against stake but I do not think there will be any big effect on it. If there is a case, there is a solution on the basis of the opinion of the plaintiff also the allegation should be justified. In case of conducting any company such type of problems occurs regularly.

[fiulpro]

Stake is honestly like the biggest casino that people do know about, usually it works everywhere as well and you don't have to use VPN, thus I think this move is going to definately impact the casino in a negative manner, allowing more people to say rude things about the casino, the lawsuit is a lawsuit let's wait for it to be settled and not make any rash decisions yet since stake has been in the market for the longest time possible thus I do think they would eventually come up with a plan to save their face and at the same time settle the whole thing as soon as possible.
Lawsuits are common, how a company handles them is not, let's see if they handle it positively.

[passwordnow]

They can just win the case and pay lesser to their attorney and get away with what Freeman is asking so they save more money and get through it legally. That's why they seem to be not bothered by it.
There were many issues and legal battles from corporations that have become popular and profitable when one individual or founding member of it a long time ago was ejected and wanted to get in when it's already beneficial.

I support that if Freeman cannot show up documents and witnesses to back up his charges and claims, Stake should battle it out in court to clear their name and protect their reputation, its better to win the battle in courts if you think the other party is accusing you falsely if they win the battle all misinterpretation will vanish but if they give in to Freeman's demand people will look the other way, so they have done the right things refuting Freeman's claims, I just hope as one of Stake.com supporters that these things will not drag on for a long period of time.

If they're required to put that into court, they will. But if the judge and the court don't see any sense of matter to the suer, then they can just disclose it.
It's true that it's better to win it legally rather than settle it if they don't see any reason to settle it. Still, no matter what the amount is, the casino can provide it. Be it to the attorney, to the court, to the fines, or anything that they'll require but if they see that they won't pay for anything and they've won that, Freeman will just have to stop then.

[Fundamentals Of]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

Even if Stake is earning big, it doesn't mean that $400 million is nothing to them. It must still be a very big amount that will definitely be heavy on the owners' shoulders. Something might be sacrificed for that. It could be about a sponsorship or marketing plan. But until now, the case is yet to be finally decided by the courts. It could favor any of the parties involved. But whatever initial decision to be released could still be appealed so it may still take some time.

400$ million is a decent amount of money, but not the end of the world for the biggest crypto casino around. I wouldn't say something would have to be sacrificed in case they have to pay the indemnity, rather it would have to temporarily delayed, because the flux of new income must cover the losses in a while.
However, you are right: there are different possible outcomes for this lawsuit yet. Stake can win, lose or a middle term agreement can be reached by both parts. Usually the initial asked amount by the accuser doesn't remain the same by the end of the cause.

It's probably going to end up with a negotiation and hopefully a better deal. I think this won't really reach a bitter end. Of course, the case has already been filed and the parties would definitely be defending each other in the court, but as always, the court would encourage the two parties to find a better way out, a way to sort this out that wouldn't really strain everything. After all, they are not just business partners. They are friends who have got a long way back.

[Zlantann]

400$ million is a decent amount of money, but not the end of the world for the biggest crypto casino around. I wouldn't say something would have to be sacrificed in case they have to pay the indemnity, rather it would have to temporarily delayed, because the flux of new income must cover the losses in a while.
However, you are right: there are different possible outcomes for this lawsuit yet. Stake can win, lose or a middle term agreement can be reached by both parts. Usually the initial asked amount by the accuser doesn't remain the same by the end of the cause.

400$ million settlement would be a big blow to the company. In fact, it could lead to bankruptcy because if the news of the loss of case spread people would be forced to start withdrawing their deposits because of fear of not being able to get their money back. Also, customers' trust in the company would reduce because customers would assume that they are heading towards bankruptcy. Therefore the belief that there would be an influx of new income might not be the real case.

It's probably going to end up with a negotiation and hopefully a better deal. I think this won't really reach a bitter end. Of course, the case has already been filed and the parties would definitely be defending each other in the court, but as always, the court would encourage the two parties to find a better way out, a way to sort this out that wouldn't really strain everything. After all, they are not just business partners. They are friends who have got a long way back.

The parties involved are close friends and former business partners. I am not sure Christopher Freeman who is claiming he conceived the idea of a crypto gaming company has any legal document to back up his claim that he was edged out. This is because he was a partner at Primedice but Stake was a new firm and he was not involved in the formation of the new company. He might get a favorable judgment in his claim that he was shut out of Primedice but his claim against stake might not see the light of the day. However, it would be generous if Tehrani and Craven drop a few million on their former friends who might be going through financial challenges instead of spending it on luxuries.   

[X-ray]

400$ million is a decent amount of money, but not the end of the world for the biggest crypto casino around. I wouldn't say something would have to be sacrificed in case they have to pay the indemnity, rather it would have to temporarily delayed, because the flux of new income must cover the losses in a while.
However, you are right: there are different possible outcomes for this lawsuit yet. Stake can win, lose or a middle term agreement can be reached by both parts. Usually the initial asked amount by the accuser doesn't remain the same by the end of the cause.

This is still a lawsuit. I guess there's no need to think this as main concern for now. So many companies have been facing the same issues once there are some parties that can't meet agreement at the same time. There are lots of ways to fix it.
Im thinking about possible thing to did a mediation between two parties. The conflict that was appearing in a big company was a common thing.
People are also seeing that how elon musk was getting sued by twitter and alon was also doing it for twitter. It's always too early to think about that.

[Pierre 2]

It is sad to see these kind of things happen with crypto involving casino projects. As others said I think it's hard to trust people when it comes to money and business. If stake com partners had somekind of legal arrangement when it was just new business they wouldn't deal with such issues. Maybe they already did (we don't know yet) and gonna use that on law case. Yet its still sad to see such kind of news.

[Kakmakr]

Guys..... $400 million is peanuts for Stake.com.... they probably have a gross income of over $1Billion Dollars on a monthly basis. (Gross income... not Net income)  

They also have enough money to pay for the best lawyers to defend them in court, so I will not be too worried about that. I think Stake might approach the ex-partner and offer him a lot less (out of court settlement) and then let him sign a non-disclosure... and that will be the end of that.  

They can even temporarily stop paying some of these over paid streamers or get out of the Watford / Everton / Drake / Adesanya sponsorships... to settle with him. (I think they are over marketing Stake in any way) 

[fullhdpixel]

Every businesses are subject to lawsuits. That is a common issue many companies and businesses face daily, what doesn't mean the casino is going to crash and go bankrupt for this reason despite the case's outcomes. I don't know how much Stake is currently dealing with in a daily basis, but for being the biggest crypto casino among all, I guess a hypothetical 400,000,000$ loss won't hurt them at all. Remember a sole gambler wagered more than 1$ billion dollars on the platform already. For the house it's much more profitable to keep operating, even if they have to pay an indemnity, than closing the doors and losing its income that will inevitably cover the prejudice after a while.

I can see that as well and yet those who get accused are still there standing strong. I think they only paid the amount that is being charged against them so that their business can run normally as usual. They will only get bankrupt once they pay a really huge amount and they don't have anything left for their company to start all over again.

Stake is a huge gambling site so whatever the amount that is being charged against them will easily be settled in no time. Their service is great and I didn't hear that they cheated someone before (their customer), so there is no real reason for their players to get scared and stop playing only because of this issue.

[goldkingcoiner]

I really doubt that there is any need to panic. Although for the time being, getting your funds out of stake.com would probably be a very smart bet. There are other good online gambling casinos to play on during this whole fiasco.

Although that being said, I think anyone can sue anyone for anything and demand any kind of sum. That does not make it a fact that stake.com has already lost. In fact, this could and probably might turn out to be complete hot air. Or as some people would say, a "nothing burger".

400 Million in damages in nothing to scoff at. Depending on the outcome of the lawsuit and the current financial stake of stake.com, things might go downhill really fast. Anyway, personally I will keep away and wait to see what happens.

[BitcoinAccepted]

I don't think there is any reason to panic either. That story with 400 million will end with a fizzle I suspect. Stake.com has been in this world for a long time and they really won't be fined for that much money. We have seen fines more often in the past, but those are fines up to a maximum of 400,000 EUR. Players/customers of stake.com do not have to worry and their money is safe in the account at stake.com
I also saw that they had some nice promotions lately.

[carlfebz2]

I don't think there is any reason to panic either. That story with 400 million will end with a fizzle I suspect. Stake.com has been in this world for a long time and they really won't be fined for that much money. We have seen fines more often in the past, but those are fines up to a maximum of 400,000 EUR. Players/customers of stake.com do not have to worry and their money is safe in the account at stake.com
I also saw that they had some nice promotions lately.

Cant really be avoided for some people not to panic nor mind about issues on the platform that they've been playing for a long time.I cant say that $400M fine wont really be that affecting Stake financial condition

but just been said that it is really a huge money but considering on how long they've been existing into this market then you can say that they might have billions in revenue which it would be an amount which they

might able to bare it out if ever this 400m sued amount would be pushed through.For Stake players then i dont think that it would be necessary for them to panic out.

[STT]

Go big or go home, if you are going to spend money on lawyers to sue then you arent likely to go for anything but the maximum amount possible.   The merits of the case, whether there is any slight chance of its success is not known to us.   Its even possible the lawsuit is just intimidate and cast bad publicity, in hope of a far larger cease fee; thats not a new trick.   We cant tell, Im not legally educated to decide so its just wait and see.

[bittraffic]

Go big or go home, if you are going to spend money on lawyers to sue then you arent likely to go for anything but the maximum amount possible.   The merits of the case, whether there is any slight chance of its success is not known to us.   Its even possible the lawsuit is just intimidate and cast bad publicity, in hope of a far larger cease fee; thats not a new trick.   We cant tell, Im not legally educated to decide so its just wait and see.

Assuming he was the one who have the plans to create the casino and all of its plans. What would that give him if he was out already while the two develop the casino? Its not like he patented it. Heck, the two could create something else and still be claimed by this guy that he plans everything about it.

But what could be more concerning is if the legal battle will force Stake to produce the information within the casino like the database because this could be political.

[Fundamentals Of]

It's probably going to end up with a negotiation and hopefully a better deal. I think this won't really reach a bitter end. Of course, the case has already been filed and the parties would definitely be defending each other in the court, but as always, the court would encourage the two parties to find a better way out, a way to sort this out that wouldn't really strain everything. After all, they are not just business partners. They are friends who have got a long way back.

The parties involved are close friends and former business partners. I am not sure Christopher Freeman who is claiming he conceived the idea of a crypto gaming company has any legal document to back up his claim that he was edged out. This is because he was a partner at Primedice but Stake was a new firm and he was not involved in the formation of the new company. He might get a favorable judgment in his claim that he was shut out of Primedice but his claim against stake might not see the light of the day. However, it would be generous if Tehrani and Craven drop a few million on their former friends who might be going through financial challenges instead of spending it on luxuries.   

It's hard to prove that Freeman was indeed the person who pitched the idea of a casino. Everything was probably verbal. But since he also claimed that he was also one of those who designed it, he might have some proofs for it. Otherwise it would be very difficult for him to fight for a claim. 

But again, I think this will end up in a friendly negotiation. Freeman might not get his $400m demand but at least he will still receive a good amount rather than nothing at all.

[tabas]

Go big or go home, if you are going to spend money on lawyers to sue then you arent likely to go for anything but the maximum amount possible.   The merits of the case, whether there is any slight chance of its success is not known to us.   Its even possible the lawsuit is just intimidate and cast bad publicity, in hope of a far larger cease fee; thats not a new trick.   We cant tell, Im not legally educated to decide so its just wait and see.

If this go on the process and will require a lot of money for both end, we have an idea on who's going to be totally okay proceeding with the litigation process.
In the end, both of them will have to pay for all of those fees for this sue action and possibly that there's no one that will take other's money but all of them have taken money just for the process.
I'm not sure though if that's easily understood but if you know what I mean, that's likely what will happen since it's an individual against a corporation that has billions on stack.

[romero121]

Go big or go home, if you are going to spend money on lawyers to sue then you arent likely to go for anything but the maximum amount possible.   The merits of the case, whether there is any slight chance of its success is not known to us.   Its even possible the lawsuit is just intimidate and cast bad publicity, in hope of a far larger cease fee; thats not a new trick.   We cant tell, Im not legally educated to decide so its just wait and see.

Yes, and through an article read about the guy mentioning that Ed have bought very expensive homes. This is unwanted and based on what he have mentioned and connected to the incident, it looks like he's trying to create some bad publicity. As stated we can't be conclusive on something that have reached the judiciary.

[Baofeng]

It's probably going to end up with a negotiation and hopefully a better deal. I think this won't really reach a bitter end. Of course, the case has already been filed and the parties would definitely be defending each other in the court, but as always, the court would encourage the two parties to find a better way out, a way to sort this out that wouldn't really strain everything. After all, they are not just business partners. They are friends who have got a long way back.

The parties involved are close friends and former business partners. I am not sure Christopher Freeman who is claiming he conceived the idea of a crypto gaming company has any legal document to back up his claim that he was edged out. This is because he was a partner at Primedice but Stake was a new firm and he was not involved in the formation of the new company. He might get a favorable judgment in his claim that he was shut out of Primedice but his claim against stake might not see the light of the day. However, it would be generous if Tehrani and Craven drop a few million on their former friends who might be going through financial challenges instead of spending it on luxuries.   

It's hard to prove that Freeman was indeed the person who pitched the idea of a casino. Everything was probably verbal. But since he also claimed that he was also one of those who designed it, he might have some proofs for it. Otherwise it would be very difficult for him to fight for a claim. 

I'm also thinking the same, unless they have written contract it's very difficult to prove in the court. There could be narratives behind this lawsuit.

But again, I think this will end up in a friendly negotiation. Freeman might not get his $400m demand but at least he will still receive a good amount rather than nothing at all.

If he is wise (I'm assuming he is), he will have to settle it with his ex-friends and live with it. There is no way that the court will give him to his demand. So it's going to be bitter sweet divorce for them and they can go and continue their war outside with their competition in crypto platform.

[Wakate]

It is sad to see these kind of things happen with crypto involving casino projects. As others said I think it's hard to trust people when it comes to money and business. If stake com partners had somekind of legal arrangement when it was just new business they wouldn't deal with such issues. Maybe they already did (we don't know yet) and gonna use that on law case. Yet its still sad to see such kind of news.

You should not be very surprised because this kind of thing had been happening before now ams I don't think stake.com would be the first company to be sued based of this kind of category which looks somehow obvious. A legal sue that be taking in anyone or company so this can only end in compensation or wrong move.
If stake stand to be not guilty of any of the legal attack then no compensation will be made. This is not a good reason to leave or staking cashing out funds because of legal attack.

[Oshosondy]

It is sad to see these kind of things happen with crypto involving casino projects. As others said I think it's hard to trust people when it comes to money and business. If stake com partners had somekind of legal arrangement when it was just new business they wouldn't deal with such issues. Maybe they already did (we don't know yet) and gonna use that on law case. Yet its still sad to see such kind of news.

Before crypto are existing as been suit cases in court, this is not new. We do not know who is right or wrong too. We can not call this a bad news, things like this are happening in life.

Also not that Stake fold up, it is still a reputable gambling site. I am even surprised that OP is afraid and have the conclusion that people should move their money out of Stake, but it is just a legal case in a way that Stake users will not be affect.

[blue_hurricanger]

Guys..... $400 million is peanuts for Stake.com.... they probably have a gross income of over $1Billion Dollars on a monthly basis. (Gross income... not Net income)  

They also have enough money to pay for the best lawyers to defend them in court, so I will not be too worried about that. I think Stake might approach the ex-partner and offer him a lot less (out of court settlement) and then let him sign a non-disclosure... and that will be the end of that.  

They can even temporarily stop paying some of these over paid streamers or get out of the Watford / Everton / Drake / Adesanya sponsorships... to settle with him. (I think they are over marketing Stake in any way) 

$400 million is big even for Stake.com, dude. If you want something to scale, look at bitcointalk Stake.com signature campaign. They pay at least a few thousand dollars per week for the participants. If they got like 10% of that $400 million, they would take over all other signature campaigns in bitcointalk, at the Gambling section.
Think about 10,000 participants with each getting paid around $50. 1,000 x $50 x 48 weeks per year = $2.4 million dollars. Just 10% of that $400 million is enough for them to run that kind of signature campaign for years. Advertise took a lot of money and $400 million isn't a small number, you see?

[mindrust]

Even if he don’t win the lawsuit these news will be devastating for the casino’s public image. Now lots if people will panic and withdraw funds because of that. It may even send the casino to bankruptcy. Stake/Primedice is (or was) one of the biggest casinos in this space and not many people had any serious problems with them. They (probably) still have a good reputation but these news might change everything.

I don't think that this could be a significant news for Primedice/Stake, they are the prime movers of crypto casinos and with that it's hard to see them losing that position because they are fighting against one another in the court. For sure there will be competitions already that will try to take a piece of the pie, but it will not be easy as this 2 are still on the top of this very niche. Unless there have been issues like not paying their whales, but in this case? as othes mentioned it's just about the money and not their reputation is on the line.

The fiercest battles usually happen between brothers.

It may not look like a significant event to you but like I said if they can't come to an agreement, this might be the end for primedice/stake.com for good. That's also why I don't like to do business with partners. Partners mean trouble. Fuck em. The best way to do business is doing it alone. It may pay lower but you will have the peace of mind which is more valuable than almost anything imo.

[Adbitco]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

Do you mean that is the best choice?
No, i think all will be fine and i believe is lack of understanding and bridging of contracts cause most problems.
well you can choose to go away with your funds maybe if Tehrani finally settle with Christopher Freeman.

although this would be a very tough case reading from here

The firm affirmed that it would stand its ground and not give in to Freeman’s demands. The founders of the Bitcoin casino were quite confident about the court dismissing Freeman’s claims shortly.

[Fundamentals Of]

But again, I think this will end up in a friendly negotiation. Freeman might not get his $400m demand but at least he will still receive a good amount rather than nothing at all.

If he is wise (I'm assuming he is), he will have to settle it with his ex-friends and live with it. There is no way that the court will give him to his demand. So it's going to be bitter sweet divorce for them and they can go and continue their war outside with their competition in crypto platform.

It will all depend on what they would present to the court and whether they are enough to convince the court's judge of their claims. Both parties are apparently saying two different things. So it will all boil down to hard evidences that would hold water after strict scrutiny by the opposing lawyers as well as by the judge.

To my mind, this $400m is already ballooned. It is probably a bloated amount, the maximum, so that in case of a negotiation or in case it would be lowered down, it would still be a significant amount.

[fullhdpixel]

$400 million is big even for Stake.com, dude. If you want something to scale, look at bitcointalk Stake.com signature campaign. They pay at least a few thousand dollars per week for the participants. If they got like 10% of that $400 million, they would take over all other signature campaigns in bitcointalk, at the Gambling section.
Think about 10,000 participants with each getting paid around $50. 1,000 x $50 x 48 weeks per year = $2.4 million dollars. Just 10% of that $400 million is enough for them to run that kind of signature campaign for years. Advertise took a lot of money and $400 million isn't a small number, you see?

I think he was right. The said amount is not big enough for a giant casino like stake. Maybe you are not really familiar of this casino, that is why you can't agree with him. Other than their regular races and sponsorship to famous personalities and streamers, they are also giving a bonus which amounts are close to 10m every single week. Much more their monthly? Their budget on signature campaigns can be small, maybe because they don't really prioritize this forum.

@Kakmakr I don't think they will approach their ex partner and offer him money because the issue had already came out but they can do this if their ex partner secretly warn them first about this.

[gunhell16]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think that Mr. Freeman raised a large sum of money that he felt was defrauded by his former partner. But from what I see, it's not, it's like I see envy of Mr. Freeman.

As far as I know, the court dismissed Mr. Freeman claimed, Besides that, I don't see STAKES being affected by those allegation.

Why did I say? because if the stakescom is affected by Mr. Freeman, I hope the participants are also affected by the stakes here in the signature campaign that they pay a large budget, to be honest.

Then it's your choice dude if you want to spend your money on stakes. Because I see that many gamblers continue to play on stakes.com.

[Hypnosis00]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think that Mr. Freeman raised a large sum of money that he felt was defrauded by his former partner. But from what I see, it's not, it's like I see envy of Mr. Freeman.

As far as I know, the court dismissed Mr. Freeman claimed, Besides that, I don't see STAKES being affected by those allegation.

Why did I say? because if the stakescom is affected by Mr. Freeman, I hope the participants are also affected by the stakes here in the signature campaign that they pay a large budget, to be honest.

Then it's your choice dude if you want to spend your money on stakes. Because I see that many gamblers continue to play on stakes.com.

It's still definitely in the process, stake was only accused but not proven they committed the crime, so the business will continue and their reputation is intact. I think it does not affect them at all as until now, we see how popular they are and how they continue their aggressive marketing.

[wxa7115]

But again, I think this will end up in a friendly negotiation. Freeman might not get his $400m demand but at least he will still receive a good amount rather than nothing at all.

If he is wise (I'm assuming he is), he will have to settle it with his ex-friends and live with it. There is no way that the court will give him to his demand. So it's going to be bitter sweet divorce for them and they can go and continue their war outside with their competition in crypto platform.

It will all depend on what they would present to the court and whether they are enough to convince the court's judge of their claims. Both parties are apparently saying two different things. So it will all boil down to hard evidences that would hold water after strict scrutiny by the opposing lawyers as well as by the judge.

To my mind, this $400m is already ballooned. It is probably a bloated amount, the maximum, so that in case of a negotiation or in case it would be lowered down, it would still be a significant amount.

Such a high number will probably never be reached, this is basically one of the oldest tactics in the book, if you are selling something you ask for way more than what you are willing to accept in order to give yourself some room for negotiation.

So it is likely that if both parties were willing to come to an agreement the amount given to Freeman is going to be many times smaller than what he's asking, and that is supposing there is room for negotiation, something that is going to be very unlikely if the owners of stake really believe they are on the right.

[noorman0]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

During this time customers didn't really understand whether $400k was enough to bankrupt Stake or just a small number of annual earnings. Even if $400k were to be drained, it would only involve Tehrani and Craven's private pockets if the Freeman name had not been implicated since Stake was founded. This only involves their previous company.

After all, it's your business entirely with your own money. This is not strictly an internal case of disrupting the casino's customer service mechanism, you will still be able to bet and withdraw as usual.

[South Park]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

During this time customers didn't really understand whether $400k was enough to bankrupt Stake or just a small number of annual earnings. Even if $400k were to be drained, it would only involve Tehrani and Craven's private pockets if the Freeman name had not been implicated since Stake was founded. This only involves their previous company.

After all, it's your business entirely with your own money. This is not strictly an internal case of disrupting the casino's customer service mechanism, you will still be able to bet and withdraw as usual.

The demand is not about 400k dollars but about 400 million dollars, that is what is making people nervous about what it may happen to stake, if the amount that was in the demand was as high as the number that you are giving then I'm sure that many people will probably not care, but when the amount is so high this is making people nervous, because even if stake is probably one of the richest cryptocurrency casino that we have around I doubt they can afford to pay such high amount if they lose.

[Mahanton]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

During this time customers didn't really understand whether $400k was enough to bankrupt Stake or just a small number of annual earnings. Even if $400k were to be drained, it would only involve Tehrani and Craven's private pockets if the Freeman name had not been implicated since Stake was founded. This only involves their previous company.

After all, it's your business entirely with your own money. This is not strictly an internal case of disrupting the casino's customer service mechanism, you will still be able to bet and withdraw as usual.

The demand is not about 400k dollars but about 400 million dollars, that is what is making people nervous about what it may happen to stake, if the amount that was in the demand was as high as the number that you are giving then I'm sure that many people will probably not care, but when the amount is so high this is making people nervous, because even if stake is probably one of the richest cryptocurrency casino that we have around I doubt they can afford to pay such high amount if they lose.

Considering on how many years Stake had been operating plus the numbers of players or overall wagered and its revenue then you could really say that it wouldnt really be that much of a problem.
Yes, its a big amount but they could really able to pay that and cant be denied that it would really give out huge damage but they would really able to patch it up if they do still able to retain or maintain
up their reputation and able to generate big income on day to day basis.Freeman would really be considering on having those demands if we do tend to look up on the whole story
then you could really say that he has the rights on having the fair share.

[serjent05]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

I think that Mr. Freeman raised a large sum of money that he felt was defrauded by his former partner. But from what I see, it's not, it's like I see envy of Mr. Freeman.

As far as I know, the court dismissed Mr. Freeman claimed, Besides that, I don't see STAKES being affected by those allegation.

Why did I say? because if the stakescom is affected by Mr. Freeman, I hope the participants are also affected by the stakes here in the signature campaign that they pay a large budget, to be honest.

Then it's your choice dude if you want to spend your money on stakes. Because I see that many gamblers continue to play on stakes.com.

That was just a false charge.  It is clear that stake.com is clean.  Mr, Freeman is invited to join but due to the requirement, he declined it.  Now that the Stake.com is doing well, he tries his luck by twisting stories and claiming that he was "discouraged" (intentionally giving a situation that is not favorable to him) in joining stake.com.  I think it isn't envy but greed that motivates him to do this kind of action.  But well sorry for Mr. Freeman because he does not have enough evidence to back up his claim.

[mirakal]

$400 million is big even for Stake.com, dude. If you want something to scale, look at bitcointalk Stake.com signature campaign. They pay at least a few thousand dollars per week for the participants. If they got like 10% of that $400 million, they would take over all other signature campaigns in bitcointalk, at the Gambling section.
Think about 10,000 participants with each getting paid around $50. 1,000 x $50 x 48 weeks per year = $2.4 million dollars. Just 10% of that $400 million is enough for them to run that kind of signature campaign for years. Advertise took a lot of money and $400 million isn't a small number, you see?

I think he was right. The said amount is not big enough for a giant casino like stake. Maybe you are not really familiar of this casino, that is why you can't agree with him. Other than their regular races and sponsorship to famous personalities and streamers, they are also giving a bonus which amounts are close to 10m every single week. Much more their monthly? Their budget on signature campaigns can be small, maybe because they don't really prioritize this forum.

Both of you are right, $400 Million can be a small amount to Stake.com and that same amount can also be seen as a big amount but that depends on which angle you are trying to see, and currently Stake.com has a net worth of more or less $1 Billion dollar. So, we can somehow say that in any case, Stake.com won't pay that ridiculous amount as a settlement for the said lawsuit and it is already expected that they will try to make that settlement go to a much lower amount where it can be described as a reasonable amount for the both sides.

[_act_]

The demand is not about 400k dollars but about 400 million dollars, that is what is making people nervous about what it may happen to stake, if the amount that was in the demand was as high as the number that you are giving then I'm sure that many people will probably not care, but when the amount is so high this is making people nervous, because even if stake is probably one of the richest cryptocurrency casino that we have around I doubt they can afford to pay such high amount if they lose.

Stake customers should not be nervous, even if the case become very serious, customer's money is protected. They are not dealing with scammers, but with a legal battle in the court. It is a court case, people do not have to be worried. Be it anyway it ends, Stake customers are still going to increase as the gambling site progresses.

Both of you are right, $400 Million can be a small amount to Stake.com and that same amount can also be seen as a big amount but that depends on which angle you are trying to see, and currently Stake.com has a net worth of more or less $1 Billion dollar. So, we can somehow say that in any case, Stake.com won't pay that ridiculous amount as a settlement for the said lawsuit and it is already expected that they will try to make that settlement go to a much lower amount where it can be described as a reasonable amount for the both sides.

400 million dollars is not a small amount of money, not at all. But has there been anything like the court saying that Stake should pay the amount? No. I am not expecting that as well. Even if Stake is truly at fault, the court can not make it oay such huge amount unless certain things are considered first.

[Saisher]

The demand is not about 400k dollars but about 400 million dollars, that is what is making people nervous about what it may happen to stake, if the amount that was in the demand was as high as the number that you are giving then I'm sure that many people will probably not care, but when the amount is so high this is making people nervous, because even if stake is probably one of the richest cryptocurrency casino that we have around I doubt they can afford to pay such high amount if they lose.

Stake customers should not be nervous, even if the case become very serious, customer's money is protected. They are not dealing with scammers, but with a legal battle in the court. It is a court case, people do not have to be worried. Be it anyway it ends, Stake customers are still going to increase as the gambling site progresses.

Both of you are right, $400 Million can be a small amount to Stake.com and that same amount can also be seen as a big amount but that depends on which angle you are trying to see, and currently Stake.com has a net worth of more or less $1 Billion dollar. So, we can somehow say that in any case, Stake.com won't pay that ridiculous amount as a settlement for the said lawsuit and it is already expected that they will try to make that settlement go to a much lower amount where it can be described as a reasonable amount for the both sides.

400 million dollars is not a small amount of money, not at all. But has there been anything like the court saying that Stake should pay the amount? No. I am not expecting that as well. Even if Stake is truly at fault, the court can not make it oay such huge amount unless certain things are considered first.

Of course, Mr. freeman must prove in court that Stake.com owe him this amount of money and Stake.com will refute that claim, its pieces of evidence against pieces of evidence and both parties will try an out-of-court settlement, it depends on who has the advantages in the presentation of the pieces of evidence, it's better for both parties to have an out of court settlement because its costly for both parties, and to protect the reputation of Stake as well

[Jemzx00]

Both of you are right, $400 Million can be a small amount to Stake.com and that same amount can also be seen as a big amount but that depends on which angle you are trying to see, and currently Stake.com has a net worth of more or less $1 Billion dollar. So, we can somehow say that in any case, Stake.com won't pay that ridiculous amount as a settlement for the said lawsuit and it is already expected that they will try to make that settlement go to a much lower amount where it can be described as a reasonable amount for the both sides.

400 million dollars is not a small amount of money, not at all. But has there been anything like the court saying that Stake should pay the amount? No. I am not expecting that as well. Even if Stake is truly at fault, the court can not make it oay such huge amount unless certain things are considered first.

400 million dollars is never a small amount even with a billion dollar company such as Stake. However, the number of 400 million dollars is what the plaintiff or the former partner of stake demanded and it will never the final amount whether he won his case on the court. A lot of things are needed to be considered during trial for a fair amount to be decided.

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

[doomloop]

400 million dollars is never a small amount even with a billion dollar company such as Stake. However, the number of 400 million dollars is what the plaintiff or the former partner of stake demanded and it will never the final amount whether he won his case on the court. A lot of things are needed to be considered during trial for a fair amount to be decided.

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

If the company's worth is only a billion then yes 400 million can be considered to be large because that amount is almost 1/2 of their entire wealth but if we are talking about hundred billion dollars like close to becoming a trillionaire then 400 million can still be paid without worrying a lot. So, 400 million dollars is only just a minimum amount but the amount can still grow? Dang but what if the guy is defeated by the opposing party?

I think stake wouldn't paid him anything but stake will only pay the lawyers and other people that helped them sort this issue. They can save a lot of money because I think the overall cost will not reach 400 million dollars.

[serjent05]

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

Same here.  Other than the claim of the complainant, there is no written document that will prove that what the complainant saying is true.  Aside from that, it is all like his words against the stake owner's word.  And if the complainant claim that he is the one who set up the strategy and system of stake, he should have proof, like a patented document on any strategy or technology the stake is using but I believe the complainant doesn't have any document like that.

[blue_hurricanger]

Both of you are right, $400 Million can be a small amount to Stake.com and that same amount can also be seen as a big amount but that depends on which angle you are trying to see, and currently Stake.com has a net worth of more or less $1 Billion dollar. So, we can somehow say that in any case, Stake.com won't pay that ridiculous amount as a settlement for the said lawsuit and it is already expected that they will try to make that settlement go to a much lower amount where it can be described as a reasonable amount for the both sides.

400 million dollars is not a small amount of money, not at all. But has there been anything like the court saying that Stake should pay the amount? No. I am not expecting that as well. Even if Stake is truly at fault, the court can not make it oay such huge amount unless certain things are considered first.

400 million dollars is never a small amount even with a billion dollar company such as Stake. However, the number of 400 million dollars is what the plaintiff or the former partner of stake demanded and it will never the final amount whether he won his case on the court. A lot of things are needed to be considered during trial for a fair amount to be decided.

The best example of this is the Johnny Depp lawsuit case with Amber Heard. Depp sued for $50 million in damages and Heard countersued back for $100 million. Eventually, the jury awarded Depp $10 million in compensatory damages and $5 million in punitive damages while Heard got awarded $2 million in compensatory damages, but $0 in punitive damages. Expect the same in this case, Stake.com might even counter back if that claim is unsustained, causing damage to the Stake.com branding,... A typical lawsuit will go back and fore till both sides realize they have to settle down.

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

Same, although the ex-partner doesn't have a high chance of winning, Stake.com might try to settle with the ex-partner by % of that $400 million and an agreement to move on.

[madnessteat]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

During this time customers didn't really understand whether $400k was enough to bankrupt Stake or just a small number of annual earnings. Even if $400k were to be drained, it would only involve Tehrani and Craven's private pockets if the Freeman name had not been implicated since Stake was founded. This only involves their previous company.

After all, it's your business entirely with your own money. This is not strictly an internal case of disrupting the casino's customer service mechanism, you will still be able to bet and withdraw as usual.

I don't think that if the court were to side with Freeman, that money would be taken out of the casino because that would completely deprive Craven and Tehrani of their camping trip. I think it makes a lot more sense to take that money on credit because Craven and Tehrani own real estate that can be used as collateral. The loan can be paid from the casino's income. But honestly, it seems to me that the court won't grant Freeman's claim, and even if it does, it will significantly reduce the amount of money he is entitled to.

[minime0105]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

We all can learn from here everything should have a contract even if you are dealing with your best friend, do not rely on a verbal contract, everything should be on paper and transparent, and it should be notarized because something like this could arise, Stake is considered one of the top three casinos in the industry and players will have a doubt and might transfer to other exchange, this is very interesting and we'll wait for more updates because this involves a very huge amount.

Sometimes what causes all these, it's a trust that you have on a friend that will give you full hope not to betrayed you. But one thing we supposed to know is that who ever that is having business with you either it's your brother make sure that you whatever into documents agreement before the business can be executed, because if the business fails to in place of documents you will regret of it when it starts to prosper, so documentation is the key hold as evidence before and after a business

[Jemzx00]

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

Same here.  Other than the claim of the complainant, there is no written document that will prove that what the complainant saying is true.  Aside from that, it is all like his words against the stake owner's word.  And if the complainant claim that he is the one who set up the strategy and system of stake, he should have proof, like a patented document on any strategy or technology the stake is using but I believe the complainant doesn't have any document like that.

To be perfectly fair against the former partner, the court will still be able to hear out his story even without any supporting documents especially since the previous relationship he had with the owners is very close to each other and even being a part of Primedice which is the first gambling website they've started.

But still, the fact remains the same, he has no evidence to support his claims and it looks like it all started when his share from Primedice has been lowered which is logical to support the team and developers of Primedice. If worst comes to worst, I don't think that Stake may be affected rather Primedice as he is not a part of Stake to begin with.

[mirakal]

Both of you are right, $400 Million can be a small amount to Stake.com and that same amount can also be seen as a big amount but that depends on which angle you are trying to see, and currently Stake.com has a net worth of more or less $1 Billion dollar. So, we can somehow say that in any case, Stake.com won't pay that ridiculous amount as a settlement for the said lawsuit and it is already expected that they will try to make that settlement go to a much lower amount where it can be described as a reasonable amount for the both sides.

400 million dollars is not a small amount of money, not at all. But has there been anything like the court saying that Stake should pay the amount? No. I am not expecting that as well. Even if Stake is truly at fault, the court can not make it oay such huge amount unless certain things are considered first.

400 million dollars is never a small amount even with a billion dollar company such as Stake. However, the number of 400 million dollars is what the plaintiff or the former partner of stake demanded and it will never the final amount whether he won his case on the court. A lot of things are needed to be considered during trial for a fair amount to be decided.

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

As said above, $400 Million dollars can be viewed as small and big because that depends on the angle which you are trying to see but I agree with you, $400 Million is indeed a huge amount and that demanded amount by the plaintiff is seriously exaggerated but I understand why he raise and amount that high because he knows that Stake would try to settle an lower amount if the case goes south.

We can't really know for sure because as you guys said, there's a lot of things that is needed to consider and the outcome will be decided by the ruler soon.

[Hispo]

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

Same here.  Other than the claim of the complainant, there is no written document that will prove that what the complainant saying is true.  Aside from that, it is all like his words against the stake owner's word. 

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

[BITCOIN4X]

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

[carlfebz2]

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

Nothing is assured and anything could happen if that lawsuit end up on disasters end for Stake but just like the rest that had been talking that this amount wont really be enough on taking down the business.

But its true that the said amount was really out of proportion or something not really just right i must say and there would really be adjustments to that.Lets see if there would be some dealings or off court

negotiation in between parties which might really make this mess to be resolved or clear out.For those people who do make these platforms as their main wallets then better think twice.
Risk would be higher on losing those coins compared if you do store it on your own personal non custodial wallet.

[TimeTeller]

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

It may be a huge amount, however, the revenue of this site is huge as well.
Just look at the bonuses that they are giving to their players.
Anyway, it is up to the player how he handle this news, either he will just ignore this or panic.
Also, we have no updates yet on this lawsuit. But I can say, stake can easily pay this amount.
It is by no means, will make them bankrupt as Hispo also mentioned.

[Viscore]

I really doubt that there is any need to panic. Although for the time being, getting your funds out of stake.com would probably be a very smart bet. There are other good online gambling casinos to play on during this whole fiasco.

Although that being said, I think anyone can sue anyone for anything and demand any kind of sum. That does not make it a fact that stake.com has already lost. In fact, this could and probably might turn out to be complete hot air. Or as some people would say, a "nothing burger".

400 Million in damages in nothing to scoff at. Depending on the outcome of the lawsuit and the current financial stake of stake.com, things might go downhill really fast. Anyway, personally I will keep away and wait to see what happens.

The reputation of stake.com is now starting to be compromised because regardless of the outcome of lawsuit, people will already have their advanced thinking about this casino like putting their funds here will not be safe at all. Although I believed that long time users of stake.com might still be sticking on it but newbies will definitely develop fear about this case.

[serjent05]

I really doubt that there is any need to panic. Although for the time being, getting your funds out of stake.com would probably be a very smart bet. There are other good online gambling casinos to play on during this whole fiasco.

Although that being said, I think anyone can sue anyone for anything and demand any kind of sum. That does not make it a fact that stake.com has already lost. In fact, this could and probably might turn out to be complete hot air. Or as some people would say, a "nothing burger".

400 Million in damages in nothing to scoff at. Depending on the outcome of the lawsuit and the current financial stake of stake.com, things might go downhill really fast. Anyway, personally I will keep away and wait to see what happens.

The reputation of stake.com is now starting to be compromised because regardless of the outcome of lawsuit, people will already have their advanced thinking about this casino like putting their funds here will not be safe at all. Although I believed that long time users of stake.com might still be sticking on it but newbies will definitely develop fear about this case.

I do not think that the lawsuit will compromise the reputation of stake.  This case doesn't even involve a player or scamming a player of their money.  So definitely the case does not affect the relation of Stake and its player.  Besides, the statement of the complainant is far from being justified because the complainant doesn't have enough proof that he was "discouraged" by the owner of Stake.

[AicecreaME]

I hope the 3 former college schoolmates, friends, and business partners would reach an equitable settlement over the matter as this might seriously affect not just their personal relationships but also the business they're operating.

From a limited viewpoint, it seems the other two has indeed unfairly sidestepped Freeman. Not only was he not included in Stake, which was not just an idea he originally proposed but something he helped design himself, he was also kicked out from Primedice. But, for what?

Well, we'll see how this case unfolds. In the meantime, I'd rather be cautious in dealing with the two platforms as their operations might be affected in one way or another as they get embroiled in the case.

While this shamble is currently happening in Stake and Primedice, I guess it would be a better option if the players will temporarily pause betting and withdraw their funds for the mean time. This is because you'll never know what would be the outcome of this lawsuit. There is a chance that the lawsuit filed against stake would affect the casino's run, so it's better to be safe than sorry. Although I really do hope that they'll arrive at a good settlement and fair decision for each and everyone. I know it's hard to swallow that the people whom you trusted to go and sail with you will suddenly leave you behind without any notice at all. Hence, I understand why the co-designer got mad and felt the need to file for a lawsuit against his friends.

Afterall, trust is one of the most invested here aside from it being a business, the reliability and trustworthiness has been tainted. Hopefully this will be resolved as soon as possible and have only a minimal damage or effect to both casinos.

[freedomgo]

Anyways, I don't think the former partner has a high chance on winning his case but still wanted to proceed with it to gain money against Stake.

Same here.  Other than the claim of the complainant, there is no written document that will prove that what the complainant saying is true.  Aside from that, it is all like his words against the stake owner's word. 

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

Yes, it's much better to move those funds in much safer place because we really don't know how would this lawsuit ends and only leave some small funds that you can afford to lose. However, as said facts above, we can somehow say and expect that Stake.com will likely win the case against their former partner. I'm quite curious though how would this lawsuit ends.

[stadus]

I really doubt that there is any need to panic. Although for the time being, getting your funds out of stake.com would probably be a very smart bet. There are other good online gambling casinos to play on during this whole fiasco.

Although that being said, I think anyone can sue anyone for anything and demand any kind of sum. That does not make it a fact that stake.com has already lost. In fact, this could and probably might turn out to be complete hot air. Or as some people would say, a "nothing burger".

400 Million in damages in nothing to scoff at. Depending on the outcome of the lawsuit and the current financial stake of stake.com, things might go downhill really fast. Anyway, personally I will keep away and wait to see what happens.

The reputation of stake.com is now starting to be compromised because regardless of the outcome of lawsuit, people will already have their advanced thinking about this casino like putting their funds here will not be safe at all. Although I believed that long time users of stake.com might still be sticking on it but newbies will definitely develop fear about this case.

I do not think that the lawsuit will compromise the reputation of stake.  This case doesn't even involve a player or scamming a player of their money.  So definitely the case does not affect the relation of Stake and its player.  Besides, the statement of the complainant is far from being justified because the complainant doesn't have enough proof that he was "discouraged" by the owner of Stake.

Still, they cannot take away the chances that Stake.com will somehow lose some clients because of the issue they are currently facing. Their reputations are still at stake in this lawsuit even though there's no scamming of clients involved, we already know that it's never been good for the face of the company to face a lawsuit especially if the plaintiff is a former partner of the said company.

[goldkingcoiner]

I really doubt that there is any need to panic. Although for the time being, getting your funds out of stake.com would probably be a very smart bet. There are other good online gambling casinos to play on during this whole fiasco.

Although that being said, I think anyone can sue anyone for anything and demand any kind of sum. That does not make it a fact that stake.com has already lost. In fact, this could and probably might turn out to be complete hot air. Or as some people would say, a "nothing burger".

400 Million in damages in nothing to scoff at. Depending on the outcome of the lawsuit and the current financial stake of stake.com, things might go downhill really fast. Anyway, personally I will keep away and wait to see what happens.

The reputation of stake.com is now starting to be compromised because regardless of the outcome of lawsuit, people will already have their advanced thinking about this casino like putting their funds here will not be safe at all. Although I believed that long time users of stake.com might still be sticking on it but newbies will definitely develop fear about this case.

I do not think that the lawsuit will compromise the reputation of stake.  This case doesn't even involve a player or scamming a player of their money.  So definitely the case does not affect the relation of Stake and its player.  Besides, the statement of the complainant is far from being justified because the complainant doesn't have enough proof that he was "discouraged" by the owner of Stake.

Still, they cannot take away the chances that Stake.com will somehow lose some clients because of the issue they are currently facing. Their reputations are still at stake in this lawsuit even though there's no scamming of clients involved, we already know that it's never been good for the face of the company to face a lawsuit especially if the plaintiff is a former partner of the said company.

I do hope that after the lawsuit has been thrown out of the window (as it should be), the so-called partner who brought the whole thing into being gets counter sued for defamation. Because this definitely will have a bad effect on Stake.com and they definitely will lose a considerable amount of users. Especially because, as already mentioned by you, the plaintiff is a former partner and by making such claims, he is, from my non-lawyer perspective, very probably engaging in libel/slander.

And honestly, I do not think I would let that go, if it were my company.

[wxa7115]

I do hope that after the lawsuit has been thrown out of the window (as it should be), the so-called partner who brought the whole thing into being gets counter sued for defamation. Because this definitely will have a bad effect on Stake.com and they definitely will lose a considerable amount of users. Especially because, as already mentioned by you, the plaintiff is a former partner and by making such claims, he is, from my non-lawyer perspective, very probably engaging in libel/slander.

And honestly, I do not think I would let that go, if it were my company.

I really think that this is inevitable, if this was something that they spoke about in private or just among their lawyers then I do not think there will be too much of a case to sue him for those accusations.

But since he went public and he made a lot of noise about it probably knowing that his accusations were not true then I think there is enough for stake to go against him, maybe the lawsuit could be dropped as well but I think it is on their best interest that they take a strong stance against things like this so this doesn't happen again.

[_act_]

I do hope that after the lawsuit has been thrown out of the window (as it should be), the so-called partner who brought the whole thing into being gets counter sued for defamation. Because this definitely will have a bad effect on Stake.com and they definitely will lose a considerable amount of users. Especially because, as already mentioned by you, the plaintiff is a former partner and by making such claims, he is, from my non-lawyer perspective, very probably engaging in libel/slander.

And honestly, I do not think I would let that go, if it were my company.

I really think that this is inevitable, if this was something that they spoke about in private or just among their lawyers then I do not think there will be too much of a case to sue him for those accusations.

But since he went public and he made a lot of noise about it probably knowing that his accusations were not true then I think there is enough for stake to go against him, maybe the lawsuit could be dropped as well but I think it is on their best interest that they take a strong stance against things like this so this doesn't happen again.

Which means no lawsuit again? Maybe it ha been settled between the both parties. I am not thinking Stake would lose customers because of the way I think, but it is very possible, some Stake users can think they might lose their money with Stake if the other party win the lawsuit, they may withdraw their money and not use Stake. Because of this, there is nothing bad for Stake to demand for certain amount of money from the person that sued Stake, as a compensation for damage. But we do not know if Stake customers reduced during the time and some days after the time, which should be what to first be considered.

[freedomgo]

I do hope that after the lawsuit has been thrown out of the window (as it should be), the so-called partner who brought the whole thing into being gets counter sued for defamation. Because this definitely will have a bad effect on Stake.com and they definitely will lose a considerable amount of users. Especially because, as already mentioned by you, the plaintiff is a former partner and by making such claims, he is, from my non-lawyer perspective, very probably engaging in libel/slander.

And honestly, I do not think I would let that go, if it were my company.

I really think that this is inevitable, if this was something that they spoke about in private or just among their lawyers then I do not think there will be too much of a case to sue him for those accusations.

But since he went public and he made a lot of noise about it probably knowing that his accusations were not true then I think there is enough for stake to go against him, maybe the lawsuit could be dropped as well but I think it is on their best interest that they take a strong stance against things like this so this doesn't happen again.

The plaintiff already made a big mistake ever since he made a lawsuit against the Stake.com, he didn't think well about what would happen to him because there is no solid evidence in his accusations against the said company. As you said, he could've talked the owners privately in front of their own respective lawyers to settle the issue. But no, if directly made a lawsuit that will just gonna be dropped anytime soon because the claims aren't enough plus that amount stated was a bit over exaggerated.

[Sanitough]

I do hope that after the lawsuit has been thrown out of the window (as it should be), the so-called partner who brought the whole thing into being gets counter sued for defamation. Because this definitely will have a bad effect on Stake.com and they definitely will lose a considerable amount of users. Especially because, as already mentioned by you, the plaintiff is a former partner and by making such claims, he is, from my non-lawyer perspective, very probably engaging in libel/slander.

And honestly, I do not think I would let that go, if it were my company.

I really think that this is inevitable, if this was something that they spoke about in private or just among their lawyers then I do not think there will be too much of a case to sue him for those accusations.

But since he went public and he made a lot of noise about it probably knowing that his accusations were not true then I think there is enough for stake to go against him, maybe the lawsuit could be dropped as well but I think it is on their best interest that they take a strong stance against things like this so this doesn't happen again.

The plaintiff already made a big mistake ever since he made a lawsuit against the Stake.com, he didn't think well about what would happen to him because there is no solid evidence in his accusations against the said company. As you said, he could've talked the owners privately in front of their own respective lawyers to settle the issue. But no, if directly made a lawsuit that will just gonna be dropped anytime soon because the claims aren't enough plus that amount stated was a bit over exaggerated.

I think the plaintiff already made up his mind because he didn't bothered to talk the owner first who is also his former partner before filing a lawsuit against them, the Stake.com was probably shocked when they received the letter that there was a case filed against them and asking a huge damage amount worth $400 Million.

Now, if the case will be dropped soon just like you guys stated, expect that the company will file a lawsuit against their former partner too because of the scandal he did and made the Stake.com lost a lot of money because of the clients who were affected by the issue.

[South Park]

Its weird to see a former partner, co founder of primedice sue Stake. I think its lack of contract. Yet it feels bad to watch his friends move ahead with a project he designed without proper settlement or information.

We all can learn from here everything should have a contract even if you are dealing with your best friend, do not rely on a verbal contract, everything should be on paper and transparent, and it should be notarized because something like this could arise, Stake is considered one of the top three casinos in the industry and players will have a doubt and might transfer to other exchange, this is very interesting and we'll wait for more updates because this involves a very huge amount.

Sometimes what causes all these, it's a trust that you have on a friend that will give you full hope not to betrayed you. But one thing we supposed to know is that who ever that is having business with you either it's your brother make sure that you whatever into documents agreement before the business can be executed, because if the business fails to in place of documents you will regret of it when it starts to prosper, so documentation is the key hold as evidence before and after a business

Which is why one of the most basic things you will hear when starting a business is to avoid doing so with your friends and family members, on the surface it may seem to be a bad advice as if you start a business with them not only you could get to make money but also you’ll be doing it with people you like, but at the end disputes about money will always emerge and when that happens you’ll lose not only a business partner but a friend or family member as well, making the loss even greater.

[ChiNgadOr]

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

I see no risk here because this cam not in any way make the entire company to fold up since they they have huge backup and funds. This is just a mere a legal battle between the founders of stake and this does not in any way affect the gamblers that are playing bets of the site on a daily basis.
Some gamblers might think of their safety here because they don't really know what the outcome of this legal battle going to be like but if we look at it from other angle, this is a normal thing that do happens within companies when there is some problems between the founders.

[Lanatsa]

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

I see no risk here because this cam not in any way make the entire company to fold up since they they have huge backup and funds. This is just a mere a legal battle between the founders of stake and this does not in any way affect the gamblers that are playing bets of the site on a daily basis.
Some gamblers might think of their safety here because they don't really know what the outcome of this legal battle going to be like but if we look at it from other angle, this is a normal thing that do happens within companies when there is some problems between the founders.

You cant really blame out people on not to have that kind of doubt that this platform might be experiencing whether a temporary or permanent operation of Stake which it is unlikely to happen but we dont know

considering that it do involves already a case where something it could possibly be ending up on that kind of scenario and thats why i cant blame out other people on having this kind of impression and doubts.

Hope that this one would really be settled out but if Freeman would fight for that $400m then this is something not a small amount to deal with via other co-founders.

[Taskford]

There is still a change the jury or the judge gets convinced a monetary compensation does have place within the lawsuit, 400 million is completely out of proportion in my opinion, if the former partner ends up winning this lawsuit the final amount would end up being smaller.

I dont see major reasons to panic over this lawsuit, Stake likely have very good lawyers and enough money to pay and solve this all mess without going out of business.

If anyone feels uncomfortable with all this, simply keep enough funds on stake to gamble and move the rest of it to your wallet.

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

I see no risk here because this cam not in any way make the entire company to fold up since they they have huge backup and funds. This is just a mere a legal battle between the founders of stake and this does not in any way affect the gamblers that are playing bets of the site on a daily basis.
Some gamblers might think of their safety here because they don't really know what the outcome of this legal battle going to be like but if we look at it from other angle, this is a normal thing that do happens within companies when there is some problems between the founders.

You cant really blame out people on not to have that kind of doubt that this platform might be experiencing whether a temporary or permanent operation of Stake which it is unlikely to happen but we dont know

considering that it do involves already a case where something it could possibly be ending up on that kind of scenario and thats why i cant blame out other people on having this kind of impression and doubts.

Hope that this one would really be settled out but if Freeman would fight for that $400m then this is something not a small amount to deal with via other co-founders.

Seeing that legal battle what Stake currently facing on will make people doubt about their current condition since imagine if they lose to that case there's huge amount will be taken on their stash. And its valid concern for people since maybe this could be the reason on why stake will fall.

But let see how the case proceed and for sure many of curious people want to know the further developments happening to this.

[Wakate]

I do hope that after the lawsuit has been thrown out of the window (as it should be), the so-called partner who brought the whole thing into being gets counter sued for defamation. Because this definitely will have a bad effect on Stake.com and they definitely will lose a considerable amount of users. Especially because, as already mentioned by you, the plaintiff is a former partner and by making such claims, he is, from my non-lawyer perspective, very probably engaging in libel/slander.

And honestly, I do not think I would let that go, if it were my company.

I really think that this is inevitable, if this was something that they spoke about in private or just among their lawyers then I do not think there will be too much of a case to sue him for those accusations.

But since he went public and he made a lot of noise about it probably knowing that his accusations were not true then I think there is enough for stake to go against him, maybe the lawsuit could be dropped as well but I think it is on their best interest that they take a strong stance against things like this so this doesn't happen again.

The plaintiff already made a big mistake ever since he made a lawsuit against the Stake.com, he didn't think well about what would happen to him because there is no solid evidence in his accusations against the said company. As you said, he could've talked the owners privately in front of their own respective lawyers to settle the issue. But no, if directly made a lawsuit that will just gonna be dropped anytime soon because the claims aren't enough plus that amount stated was a bit over exaggerated.

I think talking to the owner privately will not yield a good fund for him since the co-owner might not decide to end the deal well according to what he want. Suing a casino can really affect the rate of gamblers betting of the casino because many gamblers that do not have solid knowledge on what is happening cam mistakenly take things negatively and decide not to use the casino again or for the main time because of the fear of the casino crashing or ending up paying a huge sum of money which can affect the bankroll leading to bankruptcy. Let's see how the court judging will go.

[Lanatsa]

snip

Seeing that legal battle what Stake currently facing on will make people doubt about their current condition since imagine if they lose to that case there's huge amount will be taken on their stash. And its valid concern for people since maybe this could be the reason on why stake will fall.

But let see how the case proceed and for sure many of curious people want to know the further developments happening to this.

400m is indeed a big amount but considering on how long and how profitable stake is in crypto space then i do believe that it wont be a reason for it to be closing down.
Yes,it might result on a big hit but wont be enough on wiping its existence on the market or would be closing down.They might affect big on their overall revenue but
if things comes back to normal then it would really be just easy as pie on recovering  those losses that they do have if ever Freeman would really win up
this case and getting that 400m.

[Hispo]

-snip-

If people are concerned about risk, then they can always move their funds to a secure wallet rather than on a gambling platform. I think it is never safe to have very large funds on any gambling site, it is very risky. But have sufficient funds for your gambling needs and make a deposit when needed again.

$400M is such a huge amount, it will surely cause a lot of panic among stake customers.

I agree, keeping funds out Stake while this settles is the easiest options, for most of the people who have a moderate gambling volume, at least, those with a big gambling volume may need to pay important amounts in fees. Probably they may not care to pay some extra money to move their Bitcoins in and out Stake anyways if they really want to continue gambling there instead moving to others casinos.

And as I said, 400 million is way too much as economical settlement to this person. I expect Stake to convince the Judge to dismiss the case or reduce the settlement amount to a way lower quantity which would not represent a blow to Stake's wallet.

[DoublerHunter]

snip

Seeing that legal battle what Stake currently facing on will make people doubt about their current condition since imagine if they lose to that case there's huge amount will be taken on their stash. And its valid concern for people since maybe this could be the reason on why stake will fall.

But let see how the case proceed and for sure many of curious people want to know the further developments happening to this.

400m is indeed a big amount but considering on how long and how profitable stake is in crypto space then i do believe that it wont be a reason for it to be closing down.
Yes,it might result on a big hit but wont be enough on wiping its existence on the market or would be closing down.They might affect big on their overall revenue but
if things comes back to normal then it would really be just easy as pie on recovering  those losses that they do have if ever Freeman would really win up
this case and getting that 400m.

^ It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

[darkangel11]

^ It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue.

Sure, they can have a million saved up, probably much more than that, but it's 400 million. If they settle for half of that it's still going to hurt. I don't know how much they have but even rich businesses don't have 400m to spend it's all tied up into expenses, loans, stuff like that. They could get that money but it would mean closing down.
On the other hand it makes you think how much Stake is making in revenue. He had to know if he asked for 400m. If the business was making 10m a year he wouldn't be asking for 400 that's just my thought. They must be able to pay that much if he's asking for it.

[Japinat]

^ It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue.

Sure, they can have a million saved up, probably much more than that, but it's 400 million. If they settle for half of that it's still going to hurt. I don't know how much they have but even rich businesses don't have 400m to spend it's all tied up into expenses, loans, stuff like that. They could get that money but it would mean closing down.
On the other hand it makes you think how much Stake is making in revenue. He had to know if he asked for 400m. If the business was making 10m a year he wouldn't be asking for 400 that's just my thought. They must be able to pay that much if he's asking for it.

The plaintiff of course knew how much does the Stake earns annually because he is a former partner of the Stake, he wouldn't be asking for that kind of humungous amount if the Stake is earning much lower annually. Maybe that $400 Million is not a big amount for the said company but I don't think that they will be willing to give that amount and based on case filed, the Stake might win the case soon.

Anyway, I've looked and search the Stake.com, it says here that the company has an estimated value amounting to $1 Billion.

[molsewid]

Sure, they can have a million saved up, probably much more than that, but it's 400 million. If they settle for half of that it's still going to hurt. I don't know how much they have but even rich businesses don't have 400m to spend it's all tied up into expenses, loans, stuff like that. They could get that money but it would mean closing down.
On the other hand it makes you think how much Stake is making in revenue. He had to know if he asked for 400m. If the business was making 10m a year he wouldn't be asking for 400 that's just my thought. They must be able to pay that much if he's asking for it.

Yes I think it is kinda now for now to receive a news like that, different sue online that makes us think that a certain casino company  will start to collapse but then we will see that it will not happen. But maybe keep your funds, avoid saving too much in Stake and try to move it to other Wallets for now. So we can be sure and our money is at the right place.

[dothebeats]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

[serjent05]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

If there is no other evidence presented to the court and just this baseless claim, there it is logical to think that this case will not propagate and the court will give stake.com a favorable decision.  I also don't think that the statement of the complainant is credible, if the person is indeed what he stated in relation to  stake.com then he could have filed the complaint during the early years of stake.com when it is not yet earning huge.  It is obvious that greed drives the intention of the complainant since he is after the money that is actually not his.

[freedomgo]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

There's no way that the court will even think of granting that kind of amount, $400 Million for a settlement? That's absurd! I cannot even imagine that the plaintiff who is a former partner of Stake seriously thinks that the company will just give what he wants. But even before they get to that point, the court will likely dismiss the case because the plaintiff didn't provide serious and solid evidence.

[Mahanton]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

There's no way that the court will even think of granting that kind of amount, $400 Million for a settlement? That's absurd! I cannot even imagine that the plaintiff who is a former partner of Stake seriously thinks that the company will just give what he wants. But even before they get to that point, the court will likely dismiss the case because the plaintiff didn't provide serious and solid evidence.

The case is still in progress and we dont know on what are the evidences that Freeman might show off which might result into the success of asking such huge amount.He had just asked out
on what share he should have.We dont know on what are the real numbers in terms of revenues been made but he wont really be making out those huge chunks
if he do sees that the company isnt really making that big revenue.Dismissing directly? I dont think so.

[Taskford]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

There's no way that the court will even think of granting that kind of amount, $400 Million for a settlement? That's absurd! I cannot even imagine that the plaintiff who is a former partner of Stake seriously thinks that the company will just give what he wants. But even before they get to that point, the court will likely dismiss the case because the plaintiff didn't provide serious and solid evidence.

If no solid evidence has been provided then most provably that they dismiss the case but for demanding that huge amount of money from stake maybe freeman have legal basis on his action he do since no crazy people will just declare that crazy amount without holding anything. But let see if freeman tells truth because its up to the court to decide if his claims will be granted or not.

[X-ray]

^ It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue.

Sure, they can have a million saved up, probably much more than that, but it's 400 million. If they settle for half of that it's still going to hurt. I don't know how much they have but even rich businesses don't have 400m to spend it's all tied up into expenses, loans, stuff like that. They could get that money but it would mean closing down.
On the other hand it makes you think how much Stake is making in revenue. He had to know if he asked for 400m. If the business was making 10m a year he wouldn't be asking for 400 that's just my thought. They must be able to pay that much if he's asking for it.

I think that you guys are thinking too far about that. Everything is fine right now. 400 millions was only amount that sued by another party who are still in conflict but it doesn't mean stake must have paid that such amount. In my opinion if you must see the case.
In this case it's only the news. The reality will be different. It's total amounts sued by others but that's only nominal.

[_act_]

^ It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue.

Sure, they can have a million saved up, probably much more than that, but it's 400 million. If they settle for half of that it's still going to hurt. I don't know how much they have but even rich businesses don't have 400m to spend it's all tied up into expenses, loans, stuff like that. They could get that money but it would mean closing down.
On the other hand it makes you think how much Stake is making in revenue. He had to know if he asked for 400m. If the business was making 10m a year he wouldn't be asking for 400 that's just my thought. They must be able to pay that much if he's asking for it.

I think that you guys are thinking too far about that. Everything is fine right now. 400 millions was only amount that sued by another party who are still in conflict but it doesn't mean stake must have paid that such amount. In my opinion if you must see the case.
In this case it's only the news. The reality will be different. It's total amounts sued by others but that's only nominal.

You are not wrong, a lot of things would be considered before anything would be done. $400 million is demanded for, but not that it was ordered by a judge that such amount or higher should be paid by Stake. That is what we should most consider. I get the point that people are saying that such might not have been demanded if Stake can not pay it, I think it is true too. Also I thought the case has been dismissed, or am I getting it wrong?

[ChiNgadOr]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

There's no way that the court will even think of granting that kind of amount, $400 Million for a settlement? That's absurd! I cannot even imagine that the plaintiff who is a former partner of Stake seriously thinks that the company will just give what he wants. But even before they get to that point, the court will likely dismiss the case because the plaintiff didn't provide serious and solid evidence.

If no solid evidence has been provided then most provably that they dismiss the case but for demanding that huge amount of money from stake maybe freeman have legal basis on his action he do since no crazy people will just declare that crazy amount without holding anything. But let see if freeman tells truth because its up to the court to decide if his claims will be granted or not.

It all depend on how strong the case can be and if no solid evidence then the case will be abolished so gamblers would not have to be bothered about the court case. Due to this case, many gamblers that have no strong knowledge about the whole thing had started withdrawing their funds from the casinos to avoid loses of their money if Incase the court ask Stake to compensate the other partner. This is not a serious case that we need to bother ourselves about and soon we shall here the final result from the court.

[Peanutswar]

If this becomes crucialright now it is good to make a withdrawal with your funds because there's a chance that they might lock their platform for the meantime because of this and to make sure it is good to take it now but if you are not in the KYC and for sure if that is a large amount you want to withdraw there's a chance they might request you a KYC so you can withdraw a portion of your funds, I don't know yet if the stake has a limit for the withdrawal per day.

[stadus]

If this becomes crucialright now it is good to make a withdrawal with your funds because there's a chance that they might lock their platform for the meantime because of this and to make sure it is good to take it now but if you are not in the KYC and for sure if that is a large amount you want to withdraw there's a chance they might request you a KYC so you can withdraw a portion of your funds, I don't know yet if the stake has a limit for the withdrawal per day.

You're right about that, even if the case is not directly connected to the platform and its clients, we should be clever enough to act earlier because we don't know what would happen if the case goes worse as it's really bad for the company's image to face this kind of lawsuit especially if the conflict is in the inside as the plaintiff is also their former partner. Best thing to do for now is withdraw the funds if you cannot afford to lose it, just leave some spare funds for you to enjoy the platform.

[seoincorporation]

If this becomes crucialright now it is good to make a withdrawal with your funds because there's a chance that they might lock their platform for the meantime because of this and to make sure it is good to take it now but if you are not in the KYC and for sure if that is a large amount you want to withdraw there's a chance they might request you a KYC so you can withdraw a portion of your funds, I don't know yet if the stake has a limit for the withdrawal per day.

And this is not the worst scenario... they could decide to close the site and declare bankruptcy. Personally i haven't seen this in the past, and when a casino decide to close they give some time to their customers for them to withdraw their money.

This is just the lawsuit, and stake can win against the guy, so, let's keep an eye open and follow the news to see where this go.

[Sithara007]

Stake is currently the largest bitcoin casino in the world and the creators (Ed Craven and Bijan Tehrani) have already made it clear that the lawsuit is false as well as frivolous. The market value of the company is estimated at at least $1 billion, and they have been in operation since 2017. And the lawsuit by Christopher Freeman is laughable at the best. He claims that he was "misled into not taking part in the creation of Stake.com". I don't think that there is even a minute chance of Freeman winning this lawsuit with such wild claims.

[freedomgo]

It could be a big amount but I don't think it will affect the entire operation, Stake has been here for how many years and I think that is long enough for them to save a million dollars for their revenue. If there is no other way to settle the case I think to continue their business they need to pay that amount. However, I did not see any sign that because this Stake will fall, that is still a very small amount for them, they are a big company right and that has a very popular name kin the online gambling industry and I think they need to come up with this problem.

The question is, would the jury agree that $400 million is a just settlement for the demands of the plaintiff? Before the money is awarded, of course there'd be a trial, and the court will review all the details and see whether or not the complaint can push through or they will drop it. From the looks of things, Stake has the upper hand on this legal battle however that is not up to me or the articles online to decide. Pretty sure Stake would not back down from this as their statement sounds somewhat confident that they have this case on their hands.

There's no way that the court will even think of granting that kind of amount, $400 Million for a settlement? That's absurd! I cannot even imagine that the plaintiff who is a former partner of Stake seriously thinks that the company will just give what he wants. But even before they get to that point, the court will likely dismiss the case because the plaintiff didn't provide serious and solid evidence.

The case is still in progress and we dont know on what are the evidences that Freeman might show off which might result into the success of asking such huge amount.He had just asked out
on what share he should have.We dont know on what are the real numbers in terms of revenues been made but he wont really be making out those huge chunks
if he do sees that the company isnt really making that big revenue.Dismissing directly? I dont think so.

Directly? No, that won't happen because there's nothing like that in the real world but eventually I think it will be dismissed. Also, you got some point that Christopher Freeman may have some trump card in his sleeve that will likely make the case move to the opposite direction but as of this point, I think he doesn't have any of that. He should throw some proof first because that amount he's trying to ask is not a simple amount and it really looks like it was all allegations because he failed to provide some substantial evidence.

[Fortify]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

Interesting to see that Twitch are going to be actively banning mention of these crypto casinos in future, so it looks like streaming services are starting to see danger in associating or allow advertisement of these highly risky gambling sites. It's actually surprising that there has not been more aggressive prosecution of them advertising on sites that are heavily visited by younger children. As always, it seems like the regulators are quite far behind in dealing with the problem effectively but this does not bode well for a positive outcome for Stake.com. It is shocking to see such a high number thrown around but they could probably pay for it with a long term profit share instead of having to sell up, we see the massive amounts they can spare on advertising already.

[Mahanton]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

Interesting to see that Twitch are going to be actively banning mention of these crypto casinos in future, so it looks like streaming services are starting to see danger in associating or allow advertisement of these highly risky gambling sites. It's actually surprising that there has not been more aggressive prosecution of them advertising on sites that are heavily visited by younger children. As always, it seems like the regulators are quite far behind in dealing with the problem effectively but this does not bode well for a positive outcome for Stake.com. It is shocking to see such a high number thrown around but they could probably pay for it with a long term profit share instead of having to sell up, we see the massive amounts they can spare on advertising already.

Come to think that Twitch isnt only the platform on which these companies would able to make advertisements which it would really be that normal that if they are prohibited or been banned or removed then they would really be allocating some budget for marketing in other platforms which they could really make still that exposure and appearance in overall market.Being banned or prohibited doesnt mean that it would be over for the business or would really make a huge toll for their revenue to be affected.This doesnt only talk about Stake but also other known sites as well on this market including in my signature.

[wxa7115]

As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

Interesting to see that Twitch are going to be actively banning mention of these crypto casinos in future, so it looks like streaming services are starting to see danger in associating or allow advertisement of these highly risky gambling sites. It's actually surprising that there has not been more aggressive prosecution of them advertising on sites that are heavily visited by younger children. As always, it seems like the regulators are quite far behind in dealing with the problem effectively but this does not bode well for a positive outcome for Stake.com. It is shocking to see such a high number thrown around but they could probably pay for it with a long term profit share instead of having to sell up, we see the massive amounts they can spare on advertising already.

Some people are surprised about what's happening with Twitch but I do not think it is surprising at all, streamers that were promoting casinos were getting incredibly popular to the point they were attracting more views than most video games, and since a lot of people that watch those streamers are underage then it is natural that something had to be done about it.

Now the interesting part is that they decided to go for a ban instead of a system that allowed those streamers to keep promoting that kind of content, so I wonder if Twitch was somehow forced to adopt that policy.

[TopT3ns]

Some people are surprised about what's happening with Twitch but I do not think it is surprising at all, streamers that were promoting casinos were getting incredibly popular to the point they were attracting more views than most video games, and since a lot of people that watch those streamers are underage then it is natural that something had to be done about it.

Now the interesting part is that they decided to go for a ban instead of a system that allowed those streamers to keep promoting that kind of content, so I wonder if Twitch was somehow forced to adopt that policy.

It's possible that Twitch provides such a policy so that streamers don't promote anything on their streamer platform and maybe they only allow those who play video games instead of gambling, Basically all new policies will definitely cause pros and cons because there must be those who agree and disagree but over time they will comply with the policy and run as usual.

[davis196]

Such lawsuits take years before the final verdict and in most cases both sides would agree on a settlement for a way lower price.
Stake.com will be fine in the next year or two. There's nothing to worry about in the short term. Stake won't turn into an exit scam.

Anyway, I've looked and search the Stake.com, it says here that the company has an estimated value amounting to $1 Billion.

This is pretty exaggerated. I don't know how to calculate the value of a big online crypto casino, but 1 billion USD seems way over the top.
Bear in mind that such lawsuit would lower the value of Stake significantly, because many gamblers would just panic and run away from the casino.

[jostorres]

Stake is currently the largest bitcoin casino in the world and the creators (Ed Craven and Bijan Tehrani) have already made it clear that the lawsuit is false as well as frivolous. The market value of the company is estimated at at least $1 billion, and they have been in operation since 2017. And the lawsuit by Christopher Freeman is laughable at the best. He claims that he was "misled into not taking part in the creation of Stake.com".

I thought Eddie Miroslav is the creator of stake casino and stunna is his partner in crime? Or maybe it was only his nickname but his real name is ed craven? But anyway it's great that they cleared it out. Now stake players don't have to worry anymore and they can now continue playing as usual and for those guys who made an attempt to damage the reputation of stake, they are the ones that must pay big for this.

I don't think that there is even a minute chance of Freeman winning this lawsuit with such wild claims.

Not even if he hire a good lawyer? But I think a good lawyer isn't also cheap but they can also come with a good price and let say if he hire one, stake can also hire much better than that because they have a bigger budget.

[Jackl87]

https://watcher.guru/news/bitcoin-casino-founders-slapped-with-a-400m-lawsuit?c=566
As a long time Stake user this makes me feel concerned, I'll be withdrawing all of my funds and going elsewhere!

As far as i know Stake is one of the oldest, biggest and also most well established online casinos out there. So i think that even if this lawsuit is legit and will end up in court i don't think that this will have a drastic impact on Stake.com, because even if they would have to pay 400 M $ to that guy i highly doubt that they would have big problems to pay that amount of money.
We all know that crypto casinos make a lot of money, that is also the reason why they can offer twitch streams 1 M$ or more if they use their casino on stream. So i would guess they have enough money on the side to pay a fine. 400 M$ is a huge sum though and i can definitely understand if users get nervous.

[South Park]

Stake is currently the largest bitcoin casino in the world and the creators (Ed Craven and Bijan Tehrani) have already made it clear that the lawsuit is false as well as frivolous. The market value of the company is estimated at at least $1 billion, and they have been in operation since 2017. And the lawsuit by Christopher Freeman is laughable at the best. He claims that he was "misled into not taking part in the creation of Stake.com". I don't think that there is even a minute chance of Freeman winning this lawsuit with such wild claims.

And I believe the same as well, if you take the time to read his allegations you can see that he is just hurt that he is not part of the success of stake and he is envious about the lifestyle that his friends are enjoying, so he is trying to hurt them while at the same time he is trying to obtain the same benefits for himself, and when the arguments that he supposedly has in his favor are so weak then it will be a massive surprise if he happened to actually win the trial and get the amount of money that he is asking for.

[dunfida]

Stake is currently the largest bitcoin casino in the world and the creators (Ed Craven and Bijan Tehrani) have already made it clear that the lawsuit is false as well as frivolous. The market value of the company is estimated at at least $1 billion, and they have been in operation since 2017. And the lawsuit by Christopher Freeman is laughable at the best. He claims that he was "misled into not taking part in the creation of Stake.com". I don't think that there is even a minute chance of Freeman winning this lawsuit with such wild claims.

And I believe the same as well, if you take the time to read his allegations you can see that he is just hurt that he is not part of the success of stake and he is envious about the lifestyle that his friends are enjoying, so he is trying to hurt them while at the same time he is trying to obtain the same benefits for himself, and when the arguments that he supposedly has in his favor are so weak then it will be a massive surprise if he happened to actually win the trial and get the amount of money that he is asking for.

No one would be on their right minds on not to make themselves to be part of the success of a company that we've been seeing now which is Stake.We know on how this casino started out and how it becomes so huge.

Its understandable that its been connected on Primedice wayback and then creating other platform for giving those casino games been offered and ending up successfully.As one of the creators or owner or something like that and ending up on not to get the right share or benefit then it would really be just right that you would really be taking such initiation on suing them out.
You cant just let yourself do see that they are living on a lavish life while you are doing on the opposite.

[gunhell16]

Stake is currently the largest bitcoin casino in the world and the creators (Ed Craven and Bijan Tehrani) have already made it clear that the lawsuit is false as well as frivolous. The market value of the company is estimated at at least $1 billion, and they have been in operation since 2017. And the lawsuit by Christopher Freeman is laughable at the best. He claims that he was "misled into not taking part in the creation of Stake.com". I don't think that there is even a minute chance of Freeman winning this lawsuit with such wild claims.

And I believe the same as well, if you take the time to read his allegations you can see that he is just hurt that he is not part of the success of stake and he is envious about the lifestyle that his friends are enjoying, so he is trying to hurt them while at the same time he is trying to obtain the same benefits for himself, and when the arguments that he supposedly has in his favor are so weak then it will be a massive surprise if he happened to actually win the trial and get the amount of money that he is asking for.

You know Sir, that's what I noticed too. How many years have passed since they were separated and not together in the business industry they live in, why is he talking like that now? sometimes I think that he is just jealous of the success that his former companions are enjoying in the life situation that they have now.

So in this matter, in my view and opinion, the court will dismiss the complaint against stakes.com, because this gambling platform is one of the successful casinos in the cryptocurrency business industry.

[Sithara007]

Stake is currently the largest bitcoin casino in the world and the creators (Ed Craven and Bijan Tehrani) have already made it clear that the lawsuit is false as well as frivolous. The market value of the company is estimated at at least $1 billion, and they have been in operation since 2017. And the lawsuit by Christopher Freeman is laughable at the best. He claims that he was "misled into not taking part in the creation of Stake.com". I don't think that there is even a minute chance of Freeman winning this lawsuit with such wild claims.

And I believe the same as well, if you take the time to read his allegations you can see that he is just hurt that he is not part of the success of stake and he is envious about the lifestyle that his friends are enjoying, so he is trying to hurt them while at the same time he is trying to obtain the same benefits for himself, and when the arguments that he supposedly has in his favor are so weak then it will be a massive surprise if he happened to actually win the trial and get the amount of money that he is asking for.

I have seen such frivolous lawsuits previously as well. Christopher Freeman is very well aware that he has virtually zero chance of getting a victory in court. His real intention is to prolong the lawsuit as much as possible, so that Craven and Tehrani will finally agree to pay him something just to save their time and effort. And both the sides need to agree on the amount, and it will not happen until one of the two scenarios get realized - either Freeman runs out of his money to pay his lawyer, or Craven/Tehrani will get so much irritated, that they will agree to settle the claim on mutually agreeable terms. 

All that said, I just have to say that Christopher Freeman is such a sore loser. 

[stadus]

Such lawsuits take years before the final verdict and in most cases both sides would agree on a settlement for a way lower price.
Stake.com will be fine in the next year or two. There's nothing to worry about in the short term. Stake won't turn into an exit scam.

Anyway, I've looked and search the Stake.com, it says here that the company has an estimated value amounting to $1 Billion.

This is pretty exaggerated. I don't know how to calculate the value of a big online crypto casino, but 1 billion USD seems way over the top.
Bear in mind that such lawsuit would lower the value of Stake significantly, because many gamblers would just panic and run away from the casino.

It will take years if both camps can be reasonable enough with solid proofs but I don't really think that this case would take that long as the plaintiff doesn't have any solid evidence that can prove his claims against the Stake. Furthermore, his asking value is the one which is exaggerated and not the Stake's net worth that is estimated to be more than $1 Billion. As you know, Stake is currently the world's biggest crypto casino which explains the company's estimated value.

[Sithara007]

It will take years if both camps can be reasonable enough with solid proofs but I don't really think that this case would take that long as the plaintiff doesn't have any solid evidence that can prove his claims against the Stake. Furthermore, his asking value is the one which is exaggerated and not the Stake's net worth that is estimated to be more than $1 Billion. As you know, Stake is currently the world's biggest crypto casino which explains the company's estimated value.

Compensation lawsuits are always inflated. At the most, Freeman may get a compensation of a few hundred thousand USD. His claim is that he was misled to "not to take part" in the creation of Stake.com. What was the market value of Stake.com at the time of it's creation? Maybe a few million USD at the most. He may get a fraction of that amount if he wins. But looking at the charges, I don't think that he has more than 0.001% chance of winning. The lawsuit is illogical and frivolous. If no deal is being reached, the legal action can go on for several years, or even decades.

[stadus]

It will take years if both camps can be reasonable enough with solid proofs but I don't really think that this case would take that long as the plaintiff doesn't have any solid evidence that can prove his claims against the Stake. Furthermore, his asking value is the one which is exaggerated and not the Stake's net worth that is estimated to be more than $1 Billion. As you know, Stake is currently the world's biggest crypto casino which explains the company's estimated value.

Compensation lawsuits are always inflated. At the most, Freeman may get a compensation of a few hundred thousand USD. His claim is that he was misled to "not to take part" in the creation of Stake.com. What was the market value of Stake.com at the time of it's creation? Maybe a few million USD at the most. He may get a fraction of that amount if he wins. But looking at the charges, I don't think that he has more than 0.001% chance of winning. The lawsuit is illogical and frivolous. If no deal is being reached, the legal action can go on for several years, or even decades.

And most probably, Freeman will be disadvantageous and be tired if the case will go for a couple of years from now. There are two things I have in mind, first is he purposedly asked a humungous compensation because he knew that the court and Stake will get the amount lowered or the second which is not the amount, he is just aiming to damage the Stake's reputation to lose clients.

[Sithara007]

And most probably, Freeman will be disadvantageous and be tired if the case will go for a couple of years from now. There are two things I have in mind, first is he purposedly asked a humungous compensation because he knew that the court and Stake will get the amount lowered or the second which is not the amount, he is just aiming to damage the Stake's reputation to lose clients.

LOL.. I don't think that the last sentence is true. Stake's reputation can't be damaged or the client base won't be impacted as a result of these frivolous lawsuits. Freeman is sore because his former business partners managed to build a successful venture without his involvement and now he wants a cut from their pie. According to Freeman, the other two used a mix of "a mix of bullying and unlawful tactics" to kick him out of the new venture. These are very serious allegations. But doesn't make any sense when presented with zero proof to support the claims.

[wxa7115]

Such lawsuits take years before the final verdict and in most cases both sides would agree on a settlement for a way lower price.
Stake.com will be fine in the next year or two. There's nothing to worry about in the short term. Stake won't turn into an exit scam.

It is true that the justice system is very slow compared with the rate at which we receive the news, but this is only true on the difficult cases in which both sides present evidence against each other and reaching a conclusion may seem to be very hard.

In this case I do not see that difficulty, to me it is clear that according to what we have read that stake is on the right here and I would not be surprised if such lawsuit was dismissed relatively soon.

[stadus]

And most probably, Freeman will be disadvantageous and be tired if the case will go for a couple of years from now. There are two things I have in mind, first is he purposedly asked a humungous compensation because he knew that the court and Stake will get the amount lowered or the second which is not the amount, he is just aiming to damage the Stake's reputation to lose clients.

LOL.. I don't think that the last sentence is true. Stake's reputation can't be damaged or the client base won't be impacted as a result of these frivolous lawsuits. Freeman is sore because his former business partners managed to build a successful venture without his involvement and now he wants a cut from their pie. According to Freeman, the other two used a mix of "a mix of bullying and unlawful tactics" to kick him out of the new venture. These are very serious allegations. But doesn't make any sense when presented with zero proof to support the claims.

I might be wrong too but when it comes to business, it's almost undeniable that issues aren't good for the company's image because that can totally affect your customer too especially when they know that there's a lawsuit that was filed by a former partner. So, of course most clients will always prefer other business that doesn't have any issues, it's not like that they need to know or interested what's going on.

Probably, you'll think and say that none of these statements are true because you didn't experience to have your own business that's why you can't relate. Again, I might be wrong too