Bitcoin casino platform Stake.com is reportedly being sued by its former partner Christopher Freeman, who claims he was minimize out of the platform and needs $400 million to compensate for punitive damages.
Stake.com’s founders, Ed Craven and Bijan Tehrani, dismissed the allegations by saying releasing an official assertion that mentioned:
“The complaint filed by Chris Freeman contains allegations that are internally inconsistent, intentionally misleading, and provably false.”
Freeman reportedly attended the identical major and highschool as Tehrani, and the trio launched a crypto casino platform referred to as Primedice in 2016. While Tehrani and Craven held 40%, Freeman owned the remaining 20% of the corporate. Within 9 months, Freeman’s share was shrunk to 14% to distribute the remaining 6% amongst the rising workforce members.
Freeman claims that Tehrani and Craven have been considerably disinterested within the concept of a crypto casino. However, they nonetheless moved to Australia to launch Stake.com and urged Freeman to maneuver to Australia if he wished to turn into part of the workforce.
Freeman’s lawsuit summarizes:
“Later, when Stake.com launched as a virtual casino which included a competing online dice game and many other features Freeman had proposed and helped design, Tehrani and Craven affirmatively tried to assuage Freeman’s dismay at having been misled by affirming that he still retained his stake in Primedice.”
However, Freeman argues that he was blocked out of Primedice as effectively. Tehrani and Craven have been within the headlines for dwelling lavishly, which is held in opposition to them by Freeman, together with the alleged $100 billion revenue the agency made in bets.
Even although the betting firm is believed to be an off-shore one, it was established in Melbourne, Australia, in 2017.
The firm tapped Canadian pop star Drake as an envoy and is the lead jersey sponsor of the English Premier League soccer workforce. Stake.com is estimated to be value as much as $1 billion.
The founders of Stake.com mentioned that they didn’t intend to compensate Freeman with $400 million. They declare Freeman’s lawsuit is a “desperate attempt” to unfold FUD over the corporate and that the courtroom would correctly dismiss it.