Ed Craven: The Crypto Casino Billionaire Behind Stake and Kick

Ed Craven was a teenager betting virtual gold in RuneScape when he realized there was money to be made in online gambling. A decade later, Forbes (business magazine and billionaire tracker) lists him as a billionaire with a net worth exceeding $2.2 billion. This profile pieces together his journey from an anonymous online handle to co-founding two multi-billion-dollar platforms.

Net worth: Over $2 billion (Forbes) ·
Born: 1995 ·
Known for: Co-founder of Stake and Kick ·
Residence: Australia ·
Occupation: Entrepreneur

Six key facts about Ed Craven, drawn from verified sources:

How did Ed Craven get his money?

Co-founding Stake.com

• Craven and Bijan Tehrani created the online crypto casino Stake.com around 2017 (Wikipedia).
• The platform allows users to gamble with cryptocurrencies and grew rapidly during the crypto boom.

Crypto gambling profits

• Stake’s revenue comes from house-edge games, sports betting, and token holdings (CasinoBeats (online gambling industry publication)).
• Craven also held a stake in the Easygo software company, which powers the platform.

Valuation and growth

• Forbes 2026 estimates Craven’s net worth at $2.2 billion (Forbes).
• Other outlets, such as So Much Poker (So Much Poker), describe him as Australia’s youngest self-made billionaire.
• The Financial Review reported his wealth at A$4.51 billion in February 2025 (Wikipedia).

The implication: investors and readers must decide whether regulatory risk outweighs the upside of crypto gambling fortunes.

Who is Ed Craven’s father?

Family background

• According to Wikipedia, Craven’s father is Jamie Craven.
• Jamie Craven was banned from working in the financial services industry and jailed for six months in the 1980s over the collapse of Spedley Securities (Wikipedia).

Father’s identity

• Beyond Jamie Craven, no other family members are publicly documented.
• Ed Craven has not commented on his father’s past or their relationship.

The pattern: a controversial financial background in the family, but Craven has built a legitimate (if legally contested) business empire.

Where does Ed Craven live now?

Current residence

• Multiple sources place Craven in Melbourne, Australia (Wikipedia; So Much Poker).
• He was born in Melbourne and appears to maintain his base there.

Australia base

• Stake and Kick both have significant operations in Australia, though the companies also operate internationally.
• Craven’s Instagram account (Forbes on Facebook Forbes on Facebook) references his Australian identity.

Properties

• No specific property addresses are confirmed in public records.
• Given his wealth, he likely owns multiple residences, but details remain private.

What this means: Australia remains his home base, but the global nature of his businesses means he likely spends time in other jurisdictions.

Who is Edward Craven’s partner?

Relationship status

• No confirmed public information exists about a current partner or spouse.
• Social media speculation has not been verified by credible sources.

Partner identity

• Unlike many public billionaires, Craven keeps his personal relationships out of the spotlight.
• He does not openly discuss a partner in interviews or on his Instagram profile.

The catch: the absence of confirmed information creates a gap that rumors often fill. Without official confirmation, these remain in the “unclear” category.

What is Ed Craven’s net worth?

Forbes estimate

• Forbes lists Craven’s net worth at $2.2 billion as of 2026.
• He debuted on the Forbes Billionaires list in 2024.

Stake valuation

• Stake’s estimated valuation has fluctuated; CasinoBeats (CasinoBeats (online gambling industry publication)) placed his wealth near $3 billion in 2025.
• The Financial Review’s Australian dollar estimate (~A$4.51 billion in 2025) suggests higher figures (Wikipedia).

Kick streaming revenue

• Kick.com, launched in 2022, competes with Twitch and generates revenue through subscriptions and advertising.
• Exact revenue figures for Kick are not publicly disclosed, but its rapid growth adds to Craven’s overall wealth.

The catch: the same growth attracts regulatory attention that could reshape the business.

Timeline

Key events in Ed Craven’s career, drawn from verified sources.

The pattern: Craven moved from crypto dice to a full casino and then to streaming, each step expanding his digital empire. Ed Craven, the crypto casino billionaire, started betting virtual gold in RuneScape as a teenager, as detailed in this article about Phil Mickelson illness allegations LIV. Phil Mickelson illness allegations LIV

What others say

Ed Craven is an Australian billionaire entrepreneur, co-founder of Stake and Kick.

— Wikipedia

Craven’s wealth is built on the explosive growth of Stake, a crypto casino that allows users to gamble with Bitcoin, Ethereum, and other digital currencies.

— Forbes

The implication: even the most authoritative sources describe Craven primarily through his companies. Personal details remain scarce, which is typical for a young billionaire who built his empire outside the traditional public company spotlight.

For Australian regulators and the gambling industry, Ed Craven’s success raises a concrete question: can a crypto casino that operates largely offshore be effectively regulated when its founders live in Melbourne? The answer will shape not just his fortune, but the future of online gambling in Australia. For Craven, the choice is clear: either cooperate with increasing regulatory oversight, or watch his empire face growing legal pressure.

For a deeper look into how the Australian entrepreneur built his fortune, Ed Cravens net worth and rise offers a detailed breakdown of his financial journey.

Frequently asked questions