Stake Co-Founder Responds To Civil RICO Lawsuit Involving Drake

BY Gabriel Bras Nevares 321 Views
Link Copied to Clipboard!
Stake Co Founder Responds Civil RICO Lawsuit Drake Hip Hop News
Jan 13, 2025; Toronto, Ontario, CAN; Recording artist Drake (standing) watches the action between the Toronto Raptors and Golden State Warriors during the second half at Scotiabank Arena. Mandatory Credit: John E. Sokolowski / USA TODAY NETWORK via Imagn Images
Bijan Tehrani confidently responded to DDG showing support to Drake, Adin Ross, and Stake amid their civil RICO class action lawsuit.

Days after Drake hosted a Kick stream spree giving away part of his Stake earnings, the online gambling platform, the Toronto superstar, Adin Ross, and George Nguyen are facing a big legal challenge. Two plaintiffs in Virginia launched a civil RICO class action lawsuit against them for allegedly falsely promoting and marketing an illegal gambling operation, hiding monetary transfers for the purposes of artificially inflating Drizzy's music streams, and harming users via organized and illegal business practices. But the online casino's cofounder Bijan Tehrani is confident that they will come out on top.

As caught by ManuWay on Twitter, he responded to artist and content creator DDG showing support to the 6ix God, Ross, and Stake. "STAKE, ADIN, & DRAKE IN 5 [100 emoji]," the Michigan creative wrote. "We'll do it in 4," Tehrani reportedly responded.

However, the other defendants in this situation haven't given much of a response yet. We'll see if that changes in the near future, although we can assume they will move against these allegations. It also comes at a very interesting time, as Drake is finishing his next solo album ICEMAN.

We will see how all of this continues to play out. With more responses, information, and debates emerging in the near future, this will be a big story to follow.

Who Is Bijan Tehrani?

For those unaware, Bijan Tehrani cofounded Stake, the largest cryptocurrency-backed casino worldwide, in 2017 alongside Ed Craven. He also cofounded Kick, the streaming platform on which Drake, Adin Ross, and many others host their sessions. Tehrani is currently based in Australia, and Forbes reportedly valued his net worth at $2.8 billion in May of last year. He launched Kick as a competitor to Twitch, which had banned Stake's advertising on the streaming platform over concerns with consumer protections.

Since then, Stake's profits have grown immensely, and so has the controversy. Drake's alleged role in this civil RICO case has led to a lot of debate online from folks assuming criminal consequences or defending the lawsuit's targets. To be clear, this civil RICO situation does not involve any federal investigations or criminal repercussions. As folks continue to discuss this massive development, we will see how it plays out in court amid other class action lawsuits against them.

About The Author
Gabriel Bras Nevares is a staff writer for HotNewHipHop. He joined HNHH while completing his B.A. in Journalism & Mass Communication at The George Washington University in the summer of 2022. Born and raised in San Juan, Puerto Rico, Gabriel treasures the crossover between his native reggaetón and hip-hop news coverage, such as his review for Bad Bunny’s hometown concert in 2024. But more specifically, he digs for the deeper side of hip-hop conversations, whether that’s the “death” of the genre in 2023, the lyrical and parasocial intricacies of the Kendrick Lamar and Drake battle, or the many moving parts of the Young Thug and YSL RICO case. Beyond engaging and breaking news coverage, Gabriel makes the most out of his concert obsessions, reviewing and recapping festivals like Rolling Loud Miami and Camp Flog Gnaw. He’s also developed a strong editorial voice through album reviews, think-pieces, and interviews with some of the genre’s brightest upstarts and most enduring obscured gems like Homeboy Sandman, Bktherula, Bas, and Devin Malik.

Comments 1