Recent events
Recent events tied to this brand in public sources.
Back to profile7 entries
2026
Florida sues Stake, Chumba Casino, LuckyLand and Global Poker over alleged illegal online gambling
Florida Attorney General James Uthmeier announced lawsuits filed in Hillsborough County Circuit Court against the operators of Stake, Chumba Casino, LuckyLand and Global Poker, alleging the sweepstakes platforms are illegal online gambling operations that use a dual-currency system to disguise real-money gambling and target consumers including minors and seniors. The state seeks court orders blocking operations in Florida, consumer restitution, recovery of alleged illegal gains, civil penalties and attorneys' fees.
2026
Florida AG sues Stake and VGW over illegal sweepstakes gambling
Florida Attorney General James Uthmeier announced lawsuits against multiple sweepstakes gambling operators, including Stake and VGW, which owns Global Poker, Chumba Casino, and Luckyland, as well as payment processors working with the sites. The AG seeks permanent injunctions to ban the companies from operating or advertising in Florida and to return gambling losses to players, alleging the operations are illegal online gambling using deceptive marketing.
2022
MBC Group and Stake sign strategic partnership
MBC Group signed a strategic partnership with Dubai-based real estate platform Stake. The deal is intended to support Stake’s expansion in Saudi Arabia, Egypt and later the United Kingdom.
2022
Drake announces live event with Stake
Drake announced “Drake on Stake,” a live event in partnership with online betting platform Stake. The event had not yet received an official date.
2021
Stake secures $4 million seed funding
UAE real estate investment platform Stake secured $4 million in a seed funding round led by Combined Growth Real Estate, Vivium Capital, Verve Ventures, and Lama Holding, among other investors.
2021
Stake secures $40 million in funding
Share-trading platform Stake secured $40 million in funding from international backers, in a round led by Tiger Global with partners from DST Global.
2021
Stake trading outage prevents users from trading during US market opening
Stake experienced a technology outage that prevented users from trading during the US market opening. The article reports that Australian and New Zealand retail investors using the platform were affected, and Stake attributed the disruption to unprecedented trading activity straining global brokerage infrastructure.