Cryptocurrency

Digital casino Stake.com facing $400M lawsuit filed by former partner

Bitcoin casino platform Stake.com teeth reportedly It is being sued by former partner Christopher Freeman, who claims he was cut off from the platform and is seeking $400 million in punitive damages.

Stake.com founders Ed Craven and Bijan Tehrani have dismissed the allegations with the following public statement:

“The complaint filed by Chris Freeman contains internally inconsistent, intentionally misleading and patently false claims.”

prime dice

freeman reportedly Attending the same elementary and high school as Tehrani, the three launched a cryptocurrency casino platform called Primedice in 2016. Within nine months, Freeman’s share had shrunk to 14% of his share, with the remaining 6% distributed among his members of the growing team.

Freeman claims Tehrani and Craven were indifferent to the idea of ​​a cryptocurrency casino. However, they still moved to Australia to launch his Stake.com, prompting Freeman to move there if he wanted to be part of the team.

Freeman’s lawsuit is summarized as follows:

Later, when Stake.com launched as a virtual casino that included competing online dice games and many other features that Freeman suggested and helped design, Tehrani and Craven noted that Freeman still had stakes. By affirming the holding, he tried to affirmatively assuage Freeman’s dismay at being misunderstood. with Prime Dice.

However, Freeman claims he too was blocked from the Prime Dice. headline Freeman claims to live a life of luxury, with the company making $100 billion in betting profits.

Stake.com

This betting company is believed to be an offshore company but was founded in 2017 in Melbourne, Australia.

The company has Canadian pop star Drake as its ambassador and is the lead jersey sponsor of the English Premier League soccer team. Stake.com is estimated to be worth up to $1 billion.

The Stake.com founder said he would not compensate Freeman for the $400 million. They argue that Freeman’s lawsuit was a “desperate attempt” to spread her FUD to the company, and the court will properly dismiss it.

Posted In: Australia, Legal

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