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by cavisne 896 days ago
No they run on online casino money, the founders own Stake.com
1 comments

I'm finding it curious that everybody here seems to be overlooking this.

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(I think the thread is too deep and preventing me from replying directly to child post)

I posted here[0] a link to a video with pretty good commentary, speculating on and critiquing their strategy.

To paraphrase it, they are not necessarily banking on operational costs being dwarfed by casino revenue in and of itself... but that Kick will yield exposure and drive more people to their gambling platform overall. He is also skeptical and fairly unconvinced that it'll be a slam dunk venture for them.

[0] https://news.ycombinator.com/item?id=38935436

Need to watch the video still but my assumption was since it’s illegal/frowned upon to advertise gambling, especially to minors. This is just an earth way to put ad… I mean streams of gambling in front of a large audience.
For sure. That's most of what I meant to convey by linking the video; you get it :>)
Thanks for the context - that is a great revenue source if morally dubious