Crypto platform Stake.com has adjusted its weekly giveaway, raising the prize pool from its prior $50,000 to $75,000. Users on the platform can participate by wagering; every $1,000 wager translates to one entry ticket, which can be earned through both casino games and sports wagers.
Those participating can monitor their unique ticket numbers in the VIP section. It’s worth noting the pause in the giveaway between 2 pm and 3 pm GMT on Saturdays due to the transition to the subsequent week’s program.
The platform doesn’t impose a limit on ticket accumulation, potentially favoring those who wager more. Every week, the prize pool is split between 15 winners, with the selection mechanism being Google’s random number generator. Additionally, Stake.com offers two codes, one for casino games and another for sports betting, which users can opt to use.
Platform Overview and Potential US Market Entry
Stake.com provides a mix of betting options ranging from casino games, such as slots and jackpots, to a variety of sports betting markets. The platform’s affiliations with Curacao eGaming and the Crypto Gambling Foundation signify a commitment to operational transparency. They also facilitate multiple cryptocurrency transactions and have set up a customer support framework to assist users.
In terms of expansion, recent comments from Stake.com’s CEO Ed Craven suggest a potential foray into the regulated US market, possibly through an acquisition or merger. One of the names that have surfaced in this context is Rush Street Interactive, which has operations in several US states and holds licenses that could be of interest to Stake.com.
Furthermore, Stake.com seems to be exploring opportunities in the Australian market, specifically the regulated Northern Territory. The company’s founders, Edward Craven and Bijan Tehrani, have shown interest in acquiring a bookmaking license there, suggesting a potential move into this region and a willingness to open in fully regulated jurisdictions.