Ed Craven: Stake faces over fifty million dollar loss from new World Cup promotion

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Jose Antonio Gastelum

09.07.2026

Ed Craven: Stake faces over fifty million dollar loss from new World Cup promotion — Stake projects large World Cup loss

Online gaming firm Stake has launched a significant promotion during the World Cup period. Ed Craven commented that the data team at Stake estimates a financial loss of over fifty million dollars for the remainder of the tournament as a result of this initiative. The scale of the promotion underlines the company's commitment to capturing market attention despite projected short-term financial impacts. Details on the exact mechanics of the promotion were not disclosed in the statement.

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Stake has previously reported substantial user engagement on its platform. Ed Craven noted that Plinko has accumulated over $70 billion in wagers since its 2017 debut. In a separate initiative, streaming service Kick distributed $100,000 in KICK tokens to 10,000 viewers through community rewards. These efforts reflect ongoing attempts to attract and retain users.

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