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2 clusters · 4 sources · 19 days · First seen 21 days ago · Last updated 3 days ago

Legal actions against Stake and gaming suppliers

Overview

Legal challenges have emerged against the online gaming platform Stake, which is accused of operating an unlawful real-money gambling racket in California under the guise of a ‘social casino.’ A lawsuit filed by Soto alleges the company deceptively represents its gameplay to regulators and consumers while targeting residents and encouraging addictive behaviors.

The legal scrutiny has expanded to include B2B technology suppliers. The City of Los Angeles filed a lawsuit against Swedish gaming supplier Evolution AB, alleging the company facilitated illegal gambling operations through its ties to Stake.us. While Evolution AB previously secured a dismissal based on jurisdictional competence, the litigation has prompted Evolution AB and Pragmatic Play to announce intentions to exit the California sweepstakes market. Additionally, concerns have been raised regarding Evolution AB’s failure to disclose this litigation in recent financial reports, potentially violating European stock market regulations.

Entities

Martin Carlesund · Stake.us · Susman Godfrey · California · Stake

Timeline

3 days ago

[BUSINESS] 2 sources
Evolution AB faces Los Angeles lawsuit over Stake.us ties
Evolution AB faced a Los Angeles lawsuit alleging complicity in illegal gambling via Stake.us, raising concerns over the company's failure to disclose the litigation in financial reports.
21 days ago

[BUSINESS] 2 sources
Stake accused of operating illegal online casino in California
A lawsuit alleges that Stake is operating an illegal online casino in California by deceptively marketing itself as a social gaming platform.

Sources

alienwp.com · extra.com.co · fenapestalozzi.org.br · moissactv.fr