Crypto Casino Stake.com sued for $400 million

[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.

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[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