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.us, which is accused of being an illegal gambling site masquerading as a social casino. The lawsuit, filed in Missouri, claims that the site uses virtual 'Gold Coins' to mask real-money betting, misleading young fans into gambling. The plaintiffs argue that Drake's and Ross's endorsements significantly contributed to the platform's allure, potentially causing financial ruin and addiction for users. It alleges that the real product being sold is 'Stake Cash', which can be exchanged for U.S. dollars, contrary to claims of harmless virtual tokens. Additionally, it suggests Drake and Ross often bet with funds provided by Stake rather than their own money, violating state law. This situation echoes past celebrity endorsements in crypto that faced legal scrutiny, but differs as the lawsuit directly addresses alleged misconduct rather than hidden company details.
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