CoinDesk Podcast Network Drake Hit with RICO Lawsuit Tied to Crypto Casino Stake.us | CoinDesk Daily
Jan 6, 2026
Drake is facing a class-action lawsuit in Virginia, accused of using a crypto casino's tipping feature to launder money for inflating his music stats through bots. The lawsuit alleges that the casino, Stake.us, operates illegally to bypass U.S. laws. In an unexpected twist, discussions also touch on the U.S. national debt reaching a staggering $38.4 trillion and its implications. Plus, insights into Bitcoin's nearing $94,000 and new ETF filings are highlighted, capturing the financial landscape's current pulse.
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Drake Allegedly Used Crypto Casino For Botting
- Drake has been named in a class-action suit alleging he used Stake.us to launder money for music botting campaigns.
- The plaintiffs say the tipping feature moved funds that paid bots and allege RICO violations and illegal gambling activity.
Stake.us Called Illegal Social Casino
- Plaintiffs argue Stake.us operates as an illegal gambling site disguised as a social casino to avoid U.S. laws.
- They are seeking over $5 million in damages tied to alleged misconduct on the platform.
Record U.S. Debt Raises Fiscal Dominance Risk
- U.S. national debt hit $38.4 trillion, pushing the debt-to-GDP ratio above 120% and raising fiscal dominance concerns.
- Analysts warn this could pressure the Fed to keep rates low and prompt investors toward hard assets like Bitcoin.