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Stake generated nearly $2.6 billion in gross gaming revenue last year alone, the Financial Times reported. That's up from 1.8 billion Australian dollars ($1.2 billion) in 2024 and a big jump from justR$105 million in the year prior.

Ed Craven and Bijan Tehrani are the owners of Stake, the famous crypto casino and sports betting website.

At present, online casino is not legal in any form in France. Internet sports wagering and horse racing betting is permitted through approved operators, while licensed land-based casinos are also legal. According to Bill 1248, the changing habits of players means that their preference is now to gamble online.

There are nearly 200 establishments in France today, a European record. Among them are the Barrire casinos, the Partouche casinos and the Joa casinos, representing the largest groups of French casino operators.