Crypto Casino Stake.com sued for $400 million

[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.