Crypto Casino Stake.com sued for $400 million

[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.