Ed Craven Explained

Edward Craven
Nationality:Australian
Occupation:Entrepreneur
Known For:Co-founder of online casino Stake.com and live-streaming platform Kick

Edward Craven (born 1996)[1] is an Australian billionaire. He is primarily known for co-founding the online casino Stake.com and the live-streaming platform Kick.[2] [3] [4]

Career

Pre-Stake

After experimenting together with Bijan Tehrani with virtual gambling in RuneScape, Craven and Tehrani created Primedice, a cryptocurrency-based online dice game in 2013.[5] In 2016, they launched Easygo, a company specializing in online casino games.[6]

Stake.com

In 2017 the Stake.com brand debuted, operating through a license in Curaçao. The company maintains offices in Serbia, Australia, and Cyprus. It became one of the world's largest gambling companies.[7]

Stake.com expanded to the UK in December 2021 through a partnership with TGP Europe. It serves as the main shirt sponsor for Everton FC and Watford FC, and also backs the Sauber Formula One team.[8] [9]

From 2022, Canadian musician Drake was paid $100 million annually to endorse Stake on social media.[10] [11]

Kick

See main article: Kick (service).

Launched in 2022 by Craven and his business partner, Bijan Tehrani, Kick is intended to compete with Amazon's Twitch as an online live-streaming platform.[12] The platform provides an alternative to the popular streaming service Twitch, as it provides a 95-5% split of revenues to content creators.[13]

Kick's sponsorships include the Alfa Romeo F1 Team and Everton Football Club.[4] In January 2024, Kick and Stake became the title sponsors of the Sauber F1 Team[14] for the 2024 and 2025 seasons ahead of Audi taking control of the team in 2026.[15]

Personal life

Craven's father, Jamie Craven was banned from working in the financial services industry and jailed for 6 months in the 1980s over the collapse of investment company Spedley Securities.[16] [17]

Craven plays online games and livestreams his gameplay on Kick. He has streamed alongside celebrities including Drake.[18]

Craven resides in Melbourne. In 2022 he purchased the most expensive house in Toorak, Victoria.[19]

Notes and References

  1. Web site: Seeto . Tamika . Wild details revealed as 28-year-old builds Australia's most expensive home . . 13 July 2024 . en-AU . 21 June 2024.
  2. Web site: Begley . Patrick . 2024-02-21 . The private chat messages from inside an Australian billionaire's 'money machine' . 2024-03-01 . The Sydney Morning Herald . en.
  3. News: Bucci . Nino . 2022-08-16 . High stakes: the cryptocurrency casino king who bought the most expensive house in Victoria . 2024-03-01 . The Guardian . en-GB . 0261-3077.
  4. Web site: 2023-10-12 . Rich Lister accused of encouraging 'incredibly inappropriate' behaviour . 2024-03-01 . Australian Financial Review . en.
  5. Web site: Stake.com: the Aussie gambling minnow that made it big on crypto . 2024-05-23 . www.ft.com.
  6. Web site: 10 December 2021 . The secret Australian origins of the world's biggest crypto casino . The Sydney Morning Herald.
  7. News: No room at the inn for Stake.com crypto billionaires . theaustralian.
  8. News: Alfa Romeo F1 team announce co-title partnership with Stake . Reuters. 27 January 2023 .
  9. Web site: Everton FC - News, pictures and video . 2024-03-01 . The Mirror US . en.
  10. Web site: Stake.com: the Aussie gambling minnow that made it big on crypto . 2024-03-01 . www.ft.com.
  11. Web site: Brown . Preezy . Drake Partners With Online Platform Stake For Live Betting Event . . 14 July 2024 . 2 March 2022.
  12. News: Top Twitch creator endorses platform connected to crypto gambling site . The Washington Post.
  13. Web site: D'Anastasio . Cecilia . 2023-03-03 . Twitch's New Streaming Rival Kick Tests Waters of Lighter Moderation. 2023-03-06 . . en-US.
  14. Sauber's new team name unveiled after Alfa Romeo departure . 2024-03-22 . www.formula1.com . en.
  15. Audi expands commitment to Formula 1 with 100% takeover of Sauber . 2024-03-22 . www.formula1.com . en.
  16. News: Danckert . Sarah . The secret Australian origins of the world's biggest crypto casino .
  17. Web site: Macken . Lucy . Crypto casino billionaire Ed Craven's dad buys trophy beach house for $16m cash . . 13 July 2024 . en . 10 April 2024.
  18. Web site: Drake and crypto betting site Stake officially announce partnership: 'It was inevitable' . USA Today. 4 March 2022 .
  19. News: High stakes: the cryptocurrency casino king who bought the most expensive house in Victoria . The Guardian. 16 August 2022 . Bucci . Nino .

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