From teenage bets to multi-billion-dollar crypto casino: The rise of world’s second-youngest self-made billionaire Ed Craven
Co-founded by Craven, an Australian, and his U.S.-born 31-year-old business partner, Bijan Tehrani, Stake offers traditional casino games like slots, blackjack, and roulette, as well as sports betting using cryptocurrencies.
With a gross gaming revenue of $4.7 billion last year despite crypto gambling being unavailable in the U.S., U.K. and much of Europe, Stake propelled Craven to Forbes’ 2025 youngest billionaire list, making him one of the only two self-made billionaires under 30 other than Scale AI’s 28-year-old founder Alexandr Wang.
“It’s the biggest player in the field, an absolutely massive crypto casino,” Brett Abarbanel, executive director of the International Gaming Institute at the University of Nevada, Las Vegas, said…
