Overview
- New Mexico residents Nathaniel Torres and Rory Michie filed a class action accusing Drake, Adin Ross, and Sweepstakes Limited of deceptive practices tied to Stake.us.
- The complaint says players bought non-redeemable Gold Coins that were bundled with Stake Cash, which could be wagered and cashed out at a 1:1 dollar ratio.
- Plaintiffs assert that online gambling is illegal in New Mexico and seek recovery of their losses on behalf of affected state residents.
- The suit alleges Stake provided Drake and Ross with undisclosed house money for livestream wagers used to promote Stake.com and Stake.us to large audiences.
- Stake has denied the allegations and vowed to vigorously defend the suits, Ross has publicly rejected the claims, and Drake has not issued a substantive response.