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The Age and Herald investigation found it relatively easy to access Stake.com from Australia using a pre-existing cryptocurrency account, a VPN and a ludicrously silly home address. Stake also offers a sportsbook allowing punters to bet on a huge range of sports from the NBA to baseball to English Premier League as well as MMA and UFC fights. The group is now looking to expand into horse race betting as well, though it is not clear whether they will offer bets on Australian horse races. Together the team at Stake.com have hit the jackpot regulation-wise. By legitimately using these loopholes Stake.com has been able to build a casino so large it took $US12 million in bets on the outcome of the last US election alone. The Watford FC sponsorship reportedly costs the business $9 million a year.

Stake is also the lead cryptocurrency betting shop for the popular mixed martial arts league, the UFC. The revelation Stake.com is being steered from Australia has sparked alarm among anti-gambling advocates, who view it as another distressing example of how embedded betting is in the national psyche. It has caught the attention of anti-money laundering experts and also caused jitters among participants in Australia’s $25 billion-a-year wagering industry, who fear the operation could eventually pose https://www.laketahoemarathon.com/group/the-tahoe-triple-marathon-3-x-26-2-group/discussion/26a29213-a348-4ca0-aaef-a22eb4a5300a a threat to their businesses.

Applying for an interactive gambling licence

The act does not say operators have to assess the accuracy of the information provided by punters or ask for any form of ID. Former employees suggested Tehrani spends a lot of his time in the United States these days but once spent significant time in Australia. He has businesses here and gave a penthouse in the Eureka tower overlooking Crown casino as his home address on company records. He appears on no official records for Stake.com or Easygo, but does appear in social media posts for Easygo and has a working email at the company. Until earlier this year, ‘Miroslav’ appeared weekly on livestream platform Twitch where he filmed himself playing the casino’s slots and live action games while thousands of fans watched on. Since 2017, Craven has built up a considerable profile online as the public face of Stake.com.

• And we even throw in some tricky questions to keep them on their toes.
• Australians own and operate three of the world’s largest crypto casinos — two of which have made their owners into billionaires, with Shuffle doing its best to make it three.
• Plus, we know that the magic lies in the casino software providers.
• This hands-on approach guarantees that our reviews are based on real user experiences.
• But Stake.com appears to be playing within the bounds of Australian laws.

Australian Online Casino Reviews 2025

We prioritise your safety by thoroughly checking the security measures of each casino, such as SSL encryption and fair play policies. We ensure that the casinos we recommend are not only fun but also secure and trustworthy. Rest assured, the casinos we have reviewed ensure a smooth and quick sign-up process, so you can start enjoying the games without any hassle. Stake.com’s business structure and operations also raise questions about the weaknesses in Australia’s anti-money laundering and counter-terrorism financing laws.

Why You Can Trust Our Australian Casino Reviews

For the full list of interactive gambling fees, read Schedule 3 of the Interactive Gaming (Player Protection) Regulation (Qld). Once a licence is granted, licensees must submit all proposed interactive games for assessment and approval by the Minister prior to being introduced in Queensland. UBET QLD Limited is currently the exclusive licence holder for race and sports wagering in Queensland.