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Research notes

Who's Behind Each Casino I Reviewed

Tested & written by CalderCashout · CryptoCasino.ReportTap for more +Tap to close ×

CalderCashout · the reviewer on a team of three, pseudonymous on purpose. The money is public. Our names aren't.

I run every page here the same way: deposit first, write second. I send my own crypto, play, request the withdrawal, log the timestamps and the transaction hashes, and only then write. Nothing here is a rewrite of a casino's press kit or somebody else's list.

Every deposit from my own walletEvery tx hash publicAffiliate deals never change verdicts

Meet the team, and why we use usernames →

Updated October 27, 2026 · desk research, not testing · every claim sourced

Before I send a casino my money, I want to know who I'm sending it to. Here's what I found for each one, in short. It's reading, not testing: built from the regulators' registers and news reporting, every source linked, and nothing here alleges wrongdoing unless a source does.

My ledgernet +1.46 USDT · 0.00061719 BTC in play

  1. Lost 0.00004940 BTC on Plinko at FortuneJack

    3 sessions at 0.000013 BTC a bet

  2. Deposited 0.00062 BTC at FortuneJack

    Sent 1:51 PM, 4 min · wallet fee 0.00000209tx 3f34458a…fbe1 ↗

  3. Withdrew 0.00062053 BTC from FortuneJack

    0.00004962 fee · confirmed in my wallet at 3:52 AMtx bee533f8…6fd0 ↗

See the full ledger →

Each Casino, in Short

  1. Stake

    Ownership unclear
    License holder
    Medium Rare N.V., Curaçao
    Known as
    Ed Craven and Bijan Tehrani's company
    Declared owner
    Mladen Vuckovic

    The regulator's own licensing report, leaked in 2026, named Mladen Vuckovic as Medium Rare's sole owner and called its true ownership "unclear". The license was granted anyway. No wrongdoing is alleged, and I haven't seen a comment from Stake.

    Sources and details

    According to Gambling Insider, reporting on leaked Curaçao Gaming Authority records from the Casino Secrets investigation, the report noted that neither founder was disclosed in the application. The license was granted on June 9, 2025, on condition that Medium Rare explain its ownership within five weeks. The reporting doesn't say whether it did. The CGA says it "followed robust internal procedures" and warns against reading single leaked documents out of context.

    License OGL/2024/1451/0918 · company number 145353 · Stake's answer: not in yet. It goes here, word for word.

    1. Curaçao leak shows Stake license was granted before ownership questions were resolvedGambling Insider · Lynnae Williams · September 24, 2026
    2. The Guardian's report on the Casino Secrets leak and Curaçao's regulatorThe Guardian · September 26, 2026
    3. These entrepreneurs went all in on a crypto casino – and became billionairesForbes Australia · Matt Craig · June 9, 2024
    4. Online Gaming License RegistryCuraçao Gaming Authority · updated October 20, 2026

    Read my Stake review →

  2. FortuneJack

    Coming soon

    License checked: PlayWave SRL, Anjouan, valid to November 3, 2026. Who's behind PlayWave goes here once I've looked.

  3. Roobet

    Coming soon

    In testing. Its entry goes here once I've checked its license on the regulator's register.

  4. Cloudbet

    Coming soon

    In testing. Its entry goes here once I've checked its license on the regulator's register.

  5. BC.Game

    Coming soon

    In testing. Its entry goes here once I've checked its license on the regulator's register.

How I Research Who's Behind a Casino

  • The license first. I find the company that holds the license on the regulator's own register, not through the badge on the casino's site.
  • Then the people. I look for named owners in the casino's own terms and imprint, and for the people publicly credited with running it.
  • Then the reporting. I read what journalists and regulators have published, and link every source I use.
  • Then the casino. I ask the casino directly, and print its answer.
  • Never a verdict from a leak alone. Leaked documents can raise a question. They don't answer it.

If a casino or a reader shows me something I got wrong, the entry gets a dated correction.