Drake, Adin Ross Sued Over 'Deeply Fraudulent' Promotion of Crypto Casino Stake
Drake and Adin Ross are facing a class-action lawsuit for promoting Stake, a site accused of being an illegal gambling operation disguised as a social casino. The lawsuit, filed by Stake.us user Justin Killham, claims that the pair's misleading advertisements targeted vulnerable young consumers, exposing them to significant financial and psychological risks. Stake.us offers 'Gold Coins' that users buy to gamble, but the lawsuit argues these tokens are merely a facade masking real-money betting through 'Stake Cash,' which can be converted to U.S. dollars. The suit contends that Drake, who has profited millions from these promotions, was aware of the misleading nature of the site. Unlike past celebrity crypto lawsuits, this case alleges that the promoters were fully informed about the site's operations. The legal action also highlights broader concerns regarding the regulation of online gambling, specifically in how social casinos operate.
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