Bijan Tehrani (entrepreneur)
Bijan Tehrani | |
|---|---|
| Born | United States |
| Occupation | Entrepreneur |
| Known for | Co-founder of Stake.com and Kick |
Bijan Tehrani is a billionaire entrepreneur based in Australia and the co-founder of Stake, recognized as the largest online casino supported by cryptocurrency worldwide. Additionally, he played a key role in establishing Kick, a platform dedicated to livestreaming.
Biography
Tehrani was born in the United States to parents of Iranian descent before moving to Melbourne, Australia.
He launched Easygo in 2016, a company specializing in the creation of games tailored for online casino platforms.
Stake
In August 2017, Tehrani, along with Ed Craven, founded Stake.com, an online gambling site utilizing cryptocurrency as its primary currency. Although the platform faces limitations in countries such as the US, UK, and certain European regions, Stake.com achieved $4.7 billion in revenue by 2024. The founders strategically reinvested earnings into promotional activities, forming sponsorship agreements with prominent sports entities including Formula 1, the English Premier League, and the UFC.
During the COVID-19 pandemic, Stake experienced significant revenue growth driven by partnerships with Twitch streamers who broadcast gambling content. This expansion increased annual revenue from $100 million to $2 billion over a span of two years. Following Twitch's decision to prohibit Stake advertisements due to consumer protection issues, Tehrani and Craven introduced Kick in January 2023 as a rival streaming service. Tehrani aims for Kick to achieve sustainable growth that could eventually rival or lead to acquisition of Twitch.
In May 2024, Tehrani and Craven acquired a stake exceeding 5% in ASX-listed online bookmaker PointsBet.
Wealth
By 2025, Bijan Tehrani was listed among Australia's 50 wealthiest individuals and featured on Forbes The World's Billionaires ranking. His net worth was approximated at $2.8 billion as of May 2025.