Drake Named in RICO Lawsuit Over Alleged Crypto Gambling Promotions Seeking Over $5 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Lawsuit Background: Drake and other defendants are named in a federal class-action lawsuit for allegedly promoting the illegal crypto gambling platform Stake.us, which attempts to circumvent U.S. gambling laws by masquerading as a 'social casino', impacting a large audience.
- False Promotion Impact: The complaint alleges that Drake and Adin Ross acted as paid promoters for Stake.us, gambling with funds secretly provided by the platform, misleading young fans into participating in high-stakes gambling, creating what is termed the 'Drake effect'.
- Streaming Manipulation Allegations: The lawsuit also claims that the defendants used an unregulated 'tipping' feature to transfer funds, financing bots and streaming farms to artificially inflate Drake's music streaming data, distorting music charts.
- Legal Consequences: Plaintiffs accuse the defendants of violating the RICO Act, seeking at least $5 million in damages and requesting a jury trial; none of the allegations have been proven in court, and all defendants are presumed innocent as the case proceeds.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
