Sweepsteaks Limited Review: Company Data, Stake brands and Legal Issues
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Sweepsteaks Limited entered the US sweepstakes gaming market in 2022 as the company behind Stake.us Casino. It’s registered in Cyprus under number HE436222 and operates from its headquarters at 28 Oktovriou, 313 Omrania BLD in Limassol.
Behind this operation stand Ed Craven and Bijan Tehrani, the entrepreneurial duo who originally launched the international Stake online crypto casino back in 2017 through their Australian parent company, EasyGo Entertainment Pty LTD.
They've crafted their own gaming experiences through the Stake Originals studio, giving players exclusive games you won't find anywhere else.
Their flagship property, Stake.us Casino, delivers a crypto sweepstakes gaming experience that legally operates across most U.S. states without traditional gambling licenses.
Instead, they've built their reputation on rock-solid security practices like RNG testing, KYC enforcement, blockchain transactions and AES-256 encryption.
The company's credibility extends far beyond technical specifications. Their partnerships read like a sports fan's dream roster—Formula 1 racing teams, Everton football club and the UFC all carry the Stake brand.
Even Drake has thrown his weight behind the platform, adding star power to their already impressive credentials.
Sweepsteaks Limited company info
| Company Details | Information |
|---|---|
| Company Name | Sweepsteaks Limited |
| Owner Names | Ed Craven and Bijan Tehrani |
| Registration Number | HE436222 |
| Year Established | 2022 |
| Headquarters | OMRANIA CENTRE, Floor 2 & 3, 28 Oktovriou 313, 3105 Limassol, Cyprus |
| Parent Company | EasyGo Entertainment Pty LTD (Australia), owner of Stake.com Casino |
| Operating Framework | Sweepstakes regulations (not traditional gambling licenses required) |
| Parent Company Licenses | Curacao eGaming, United Kingdom Gambling Commission (UKGC) |
| Employee Count | Not specified for Sweepsteaks; parent company employs 400+ people |
| Financial Valuation | No specific figures for Sweepsteaks Ltd; EasyGo valued around $1 billion |
| Primary Platform | Stake.us Casino |
| Game Development | Stake Originals studio for in-house games |
What are the Sweepsteaks Limited casinos?
Sweepsteaks Limited focuses their expertise on a single flagship platform: Stake.us Casino, their premier sweepstakes crypto casino serving players across the United States.
Stake.us Casino
Stake.us was established in 2022 and offers 1,500 casino-style games such as slots like Zeus vs. Hades and The Dog House Megaways. Additional categories include their Stake Originals, virtual table games, live dealer titles and scratch cards.
You'll find content from 22 different providers, including Hacksaw Gaming, BGaming, Octoplay and Mancala Gaming. Their games are RNG certified by independent labs like GLI, BMM Testlabs and eCOGRA.
After you sign up with the SWEEPBONUS promo code, you will receive 250,000 Gold Coins and 25 Stake Cash (their sweepstakes token equal to $25 in crypto upon redemption).
This sweepstakes casino powerhouse accepts crypto transactions and processes redemptions within hours—not days.
Explore our Stake.us Casino review for an in-depth evaluation of its pros, cons and features.
Sweepsteaks Limited lawsuits
Multiple plaintiffs across different states have questioned whether the company's sweepstakes structure genuinely differs from traditional gambling operations.
In September 2024, California resident Dennis Boyle launched legal action seeking to shut down Stake.us entirely. His argument centers on the claim that free social gaming serves as window dressing for what he considers real-money gambling activities.
The federal court pushed this case toward arbitration, requiring Boyle to pursue his claims through that channel rather than traditional litigation.
Illinois and Missouri residents have filed class action suits with similar allegations. The Illinois plaintiff points to Stake.us's profitability and betting volume as evidence that real gambling occurs beneath the sweepstakes surface.
Meanwhile, Missouri's lawsuit ropes in celebrities Drake and Adin Ross, accusing them of participating in deceptive promotional practices.
Additional legal challenges have emerged from Alabama and Minnesota, where plaintiffs characterize Stake.us as a "sham" platform operating outside authorized charitable gaming frameworks. These cases name company founders Ed Craven and Bijan Tehrani as personal defendants alongside their corporate entities.
While no public settlements or cease-and-desist orders have emerged from these proceedings, the volume and geographic spread of these legal challenges paint a picture of an industry under intense regulatory scrutiny.