Stake has taken over the Betfair license that originally entered Colombia in 2020. Coljuegos has certified the legitimacy of the authorization in the Colombian market at least until the end of 2025. Stake is a bitcoin (BTC) and cryptocurrency online casino licensed and regulated by the laws of Curaçao that offers an extensive line of games and sports betting.
It was created in 2017 by Bijan Tehrani and Ed Craven, also founders of casino game provider Easygo. In fact, Stake was conceived and planned in the latter company's offices, located in the business district of Melbourne, Australia.
North Korean hackers were responsible for the theft of $41 million in cryptocurrency from Stake.com.
Colombia was the first South American jurisdiction to regulate the market and Stake has identified it as optimal in its expansion strategy. The objective is to establish itself as a market leader within the next two years.
The operation is ambitious because Colombia should serve as a launching pad for other Latin American jurisdictions. In fact, it maintains agreements with local operators in Mexico and Paraguay, in the latter case taking into consideration that there is a single operator that monopolizes the Betting market.
The first Stake.com ambassador is the former Argentine soccer player Sergio Agüero, who shares the bill with the Alfa Romeo Formula 1 team.
The theft of 40 million dollars from Stake.com
On September 10, Stake.com was the victim of a theft by North Korean hackers who transferred 25 million in cryptocurrencies to several accounts in several countries around the world.
Stake.com co-founder Edward Craven said this was a "sophisticated breach" that exploited a service the casino uses to authorize crypto transactions.
