“We Share Some Similar Shareholders”- Kick CEO Reveals Relationship With Stake

Published 06/25/2023, 9:10 AM EDT

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Kick has made waves in the market with its astounding 95/5 revenue split, leaving critics and online detectives, such as YouTube’s own crime fighter, CoffeZilla, to speculate that Kick is allegedly owned by the Casino company. This theory is fueled by Kick’s lenient approach to online gambling and its seemingly unbelievable revenue-sharing model.

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The announcement of xQc’s monumental deal with Kick has piqued the curiosity of many viewers, prompting them to consider trying out the new streaming platform. However, questions have arisen regarding the relationship between Kick and Stake, an online gambling site referred to as a “Crypto Casino.”

In a recent interview with online journalist Jake Lucky, Kick’s CEO, Eddie, addressed the controversy, dismissing all allegations that Kick is owned by Stake. He clarified that the only connection between the two entities is that they “Share Some Similar Shareholders”. 

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CEO of Kick shares the secret behind the controversial owner of the platform

Eddie explained, “I have been very very open about my relationship with Stake from the get-go. There are other shareholders at stake and there are also shareholders who are not involved with either Stake or Kick. It is completely a separate entity. But there are some Key individuals who are involved in both of the companies.” 

Streamer Trainwreck, a prominent figure in the streaming community, was one of the first major streamers to join Kick after criticizing Twitch for its 50-50 subscriber revenue split. Despite the platform’s promising features, doubts have arisen, particularly concerning its ownership and whether it is a legitimate endeavor.

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Twitch CEO Feels “Excited” for xQc After His $100,000,000 Kick Deal, Suggests Figuring Out “The Right Platform for the Right Things”

Marcus “DJWheat” Graham, Twitch’s director of creator development, took to Twitter to label Kick as a “sham,” pointing out the absence of investors mentioned on the site, among other perceived “red flags.” Trainwreck’s content previously revolved heavily around gambling, but he made a shift change when Twitch announced its prohibition of gambling-related content. This decision influenced his choice to stream on Kick.

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While Kick has attracted the attention and prominent streamers with its unique revenue split and attractive features, skepticism persists regarding its ownership and legitimacy. The controversy surrounding the connection between Kick and Stake continues to spark debate and speculation among viewers and industry insiders alike. What do you think about the whole ordeal? Let us know in the comments below!

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Written by:

Rituraj Halder

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One take at a time

Rituraj Halder is an eSports writer with a strong presence in the Indie community. With a deep passion for story-driven adventure RPGs, Rituraj has spent half his life crafting intriguing narratives inspired by them, making him a modern-day storyteller in his own right. His extensive experience as a scriptwriter for entertainment shows gives him a unique edge in understanding the world of sports entertainment.
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Edited by:

Harshita

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