{"id":204841,"date":"2022-03-11T06:11:53","date_gmt":"2022-03-11T14:11:53","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=204841"},"modified":"2022-03-12T14:42:26","modified_gmt":"2022-03-12T22:42:26","slug":"worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/","title":{"rendered":"World\u2019s Biggest Crypto-Betting Site Founder Just Bought a $28M Melbourne Mega-Mansion"},"content":{"rendered":"

The mystery buyer of a A$38.5 million (US$28 million) Melbourne mansion has been identified by Australian media as the 26-year-old cofounder of one of the world\u2019s biggest crypto-betting<\/a> operations.<\/p>\n

\"stake.com\"
The mansion, in Toorak, Melbourne, is one of Australia\u2019s priciest properties. Its new owner, Ed Craven, top right, is just 26. (Image: Sharyn Cairns\/Conrad Architects)<\/figcaption><\/figure>\n

Ed Craven established community-based betting platform Stake.com in 2017. Today, it has over 500,000 registered users and high-profile sponsorship agreements with the UFC and Watford FC in the English Premier League. It also counts multi-platinum record-selling hip-hop star Drake as a brand ambassador.<\/p>\n

The company is estimated to be worth more than $1 billion, according to The Sydney Morning Herald<\/em> (SMH<\/em>).<\/p>\n

Craven also owns Easygo, a B2B crypto gaming software provider based on the Isle of Man.<\/p>\n

Life of the Rich and Famous<\/strong><\/h2>\n

His new pad is one of Australia\u2019s most expensive homes. The luxury mansion in Melbourne\u2019s affluent suburb of Toorak spans 6,500-square-feet and boasts a three-car garage, four bedrooms (only four?), and as many bathrooms.<\/p>\n

The interior is fashioned in an art-deco style that includes a curved staircase and modernist sculptures. \u201cAn in-ground pool adds to the resort-style backyard with a landscaped garden and outdoor entertainment area,\u201d reads the real-estate agent spiel.<\/p>\n

\n

The previous owner was Will Deague, CEO of the property developer the Deague Group, who bought the property in 2018 for $12.2 million. Deague had the house knocked down and started over, rebuilding the mansion from the ground up, and making a 200% return on his investment.<\/p>\n<\/div>\n

Craven is upgrading from a A$15 million (US$10 million) penthouse apartment in Melbourne\u2019s Southbank area, which is also home to the Crown Casino Melbourne.<\/p>\n

No Aussie Bets<\/strong><\/h2>\n

Stake.com was recently the subject of an SMH<\/em> \u201cexpos\u00e9\u201d that questioned why a crypto-online casino based its HQ in Melbourne, when online casino gambling is illegal in Australia.<\/p>\n

SMH<\/em> was perhaps disappointed to learn that Stake.com does not take any bets from within Australia, and therefore was not breaking any laws, which made for a pretty toothless expos\u00e9.<\/strong><\/p>\n

Nevertheless, SMH<\/em> raised the legitimate point that the company\u2019s licensing in Curacao<\/a> means it escapes the stringent anti-money laundering controls that it would be subject to elsewhere.<\/p>\n

Stake.com is not licensed in the US and does not accept US customers. But it made its licensed UK debut in December. UK customers can only bet using fiat currency, as the country does not license crypto betting.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mystery buyer of a A$38.5 million (US$28 million) Melbourne mansion has been identified by Australian media as the 26-year-old cofounder of one of the world\u2019s biggest crypto-betting operations. Ed Craven established community-based betting platform Stake.com in 2017. Today, it has over 500,000 registered users and high-profile sponsorship agreements with the UFC and Watford FC […]<\/p>\n","protected":false},"author":36,"featured_media":204842,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24066,19],"tags":[],"acf":[],"yoast_head":"\nWorld\u2019s Biggest Cypro-Betting Site Founder Just Bought a $28M Mansion<\/title>\n<meta name=\"description\" content=\"Ed Craven, founder of crypto gambling site Stake.com, just bought a $28 million mansion in Melbourne\u2019s swanky Toorak neighborhood.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World\u2019s Biggest Cypro-Betting Site Founder Just Bought a $28M Mansion\" \/>\n<meta property=\"og:description\" content=\"Ed Craven, founder of crypto gambling site Stake.com, just bought a $28 million mansion in Melbourne\u2019s swanky Toorak neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-11T14:11:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-12T22:42:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/mansion.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/\",\"url\":\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/\",\"name\":\"World\u2019s Biggest Cypro-Betting Site Founder Just Bought a $28M Mansion\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/mansion.jpg\",\"datePublished\":\"2022-03-11T14:11:53+00:00\",\"dateModified\":\"2022-03-12T22:42:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Ed Craven, founder of crypto gambling site Stake.com, just bought a $28 million mansion in Melbourne\u2019s swanky Toorak neighborhood.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/worlds-biggest-cypro-betting-site-founder-just-bought-a-28m-mansion\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/mansion.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/mansion.jpg\",\"width\":1200,\"height\":675,\"caption\":\"The mansion, in Toorak, Melbourne, is one of Australia\u2019s priciest properties. 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