Bijan Tehrani is an Australian billionaire entrepreneur and co-founder of

Stake A stake is a large wooden or metal implement designed to be driven into the ground and may refer to: Tools * Archer's stake, a defensive stake carried by medieval longbowmen * Survey stakes, markers used by surveyors * Sudis (stake) (Latin for ...

, the largest crypto-backed online casino in the world. He is also a co-founder of

Kick A kick is a physical strike using the leg, in unison usually with an area of the knee or lower using the foot, heel, tibia (shin), ball of the foot, blade of the foot, toes or knee (the latter is also known as a knee strike). This type of ...

, a livestreaming platform.

Biography

Tehrani was born in the United States to Iranian parents, and later moved to Australia, where he resides in

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

. In 2016, Bijan Tehrani founded Easygo, a company that developed games for online casinos.

Stake

In August 2017, Tehrani with Ed Craven co-founded Stake.com, an online casino, which operates using cryptocurrency. Despite facing restrictions in the United States, United Kingdom, and much of Europe (Italy and Denmark), Stake.com generated $4.7 billion in revenue in 2024. The founders reinvested profits into marketing strategies, including partnerships with major sports organizations including

Formula 1 Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one ...

, the

English Premier League The Premier League is a professional association football league in England and the highest level of the English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Football Lea ...

, and the

UFC The Ultimate Fighting Championship (UFC) is an American mixed martial arts (MMA) promotion company based in Las Vegas, Nevada. It is owned and operated by TKO Group Holdings, a majority owned subsidiary of Endeavor Group Holdings. The larg ...

. Stake's revenue surged during the COVID-19 pandemic, particularly through a partnership with content creators on Twitch who livestreamed gambling activities. This collaboration helped the company grow from $100 million in revenue to $2 billion in two years. However, after Twitch banned Stake from advertising due to concerns about consumer protections, Tehrani and Craven launched Kick in January 2023, a direct competitor to Twitch. Tehrani stated that the platform aims for long-term growth and will either surpass Twitch or acquire it. In May 2024, Tehrani, together with Craven, acquired a more than 5% of the ASX-listed online bookmaker PointsBet.

Wealth

In 2025, Bijan Tehrani was included in Australia’s 50 Richest and ''

The World's Billionaires ''The World's Billionaires'' is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine ''Forbes''. The list was first published in March 1987. ...

'' list by ''Forbes''. As of May 2025,

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

estimated Bijan Tehrani’s net worth at $2.8 billion.

References

{{DEFAULTSORT:Tehrani, Bijan Date of birth missing (living people) Living people Australian billionaires Australian company founders Australian casino industry businesspeople Technology company founders 21st-century Australian businesspeople