What Dark Matters does

Dark Matters operates an online casino and sports betting platform distributed via its website at darkmatters.one. The platform aggregates content from over 50 third-party game providers including Pragmatic Play, Evolution, Hacksaw Gaming, Nolimit City, NetEnt, Play'n GO, and Red Tiger Gaming, offering slot machines, table games, and live dealer experiences. It also produces proprietary in-house titles under the Stake Originals brand — Mines, Plinko, Dice, Crash, Limbo, and Dragon Tower — which use a Provably Fair cryptographic verification system (HMAC_SHA256) that allows players to independently audit game outcomes. The sportsbook covers pre-match and live betting on 10 sports including football, basketball, tennis, hockey, MMA, and esports (CS2, League of Legends, Dota 2), with live streaming available for select events.

The business is operated by Medium Rare N.V., a private entity holding an online gaming license (No. OGL/2024/1451/0918) from the Curaçao Gaming Control Board. Revenue is generated through the house edge on casino games, margins on sportsbook wagers, and variable crypto withdrawal fees. The platform supports 33 currencies (including BTC, ETH, USDT, EUR, USD) and 15 languages, with self-serve onboarding, browser-based play, and a dedicated iOS application. Customer retention is driven by a 14-tier VIP program (Bronze to Diamond V) gated by cumulative wagering, daily and weekly prize promotions (Daily Race €100,000/day, Weekly Giveaway €75,000/week), and poker jackpots (Bad Beat Jackpot $1,000,000; All in or Fold Jackpot $500,000). Distribution is primarily product-led, supplemented by affiliate referrals and high-profile celebrity endorsements, with no disclosed enterprise sales motion or public marketing budget.

Name

Dark Matters

Legal name

Medium Rare N.V.

Website

https://darkmatters.one

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Dark Matters operates an online casino and sportsbook platform under the Stake brand at darkmatters.one, serving global adult consumers with crypto-friendly slots, live dealer games, proprietary in-house titles, and sports betting, operated by Medium Rare N.V. under a Curaçao gaming license.

Ownership category

akta.pro rank

Headquarters

HQ city

Tigery

HQ country

France

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure, Others

Revenue model

1. Casino House Edge: Stake generates revenue through the mathematical house edge built into its casino games (slots, table games, live casino) and Stake Originals proprietary games. Revenue accrues from net losses of players across the platform's gaming portfolio.
2. Sports Betting Margins: Stake operates a sportsbook covering 10 sports including football, basketball, tennis, esports (CS2, League of Legends, Dota 2), generating revenue through odds margins on pre-match and live wagers.
3. Crypto Withdrawal Fees: The platform charges variable withdrawal fees for each cryptocurrency (e.g., 0.00001571 BTC, 0.00067447 ETH per withdrawal), contributing to platform revenue. Fees are deducted per transaction and are non-zero across all supported crypto assets.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Dark Matters operates the Stake online casino and sportsbook platform at darkmatters.one, offering slot games, live dealer tables, table games, exclusive proprietary Stake Originals titles (Mines, Plinko, Dice, Crash, Limbo, Dragon Tower), and pre-match and live sports betting on football, basketball, tennis, esports, and other sports. The platform supports 33 currencies (including Bitcoin, Ethereum, USDT, and major fiat options), is available in 15 languages, and operates 24/7 via browser and iOS application with no downloads required for web play.

Product overview

Dark Matters operates a unified online gambling platform combining casino gaming, sports betting, and proprietary content. The core offering includes slot machines and live dealer games from 50+ third-party providers (Pragmatic Play, Evolution, Hacksaw Gaming, Nolimit City, NetEnt, Novomatic), complemented by exclusive Stake Originals games (Mines, Plinko, Dice, Crash, Limbo, Dragon Tower) with Provably Fair verification. The platform integrates a sportsbook for pre-match and in-play betting on football, basketball, tennis, esports (CS2, League of Legends, Dota 2), and other sports. Additional offerings include a 14-tier VIP Program with VIP Boost acceleration, Daily Race competitions (€100,000 daily), Weekly Giveaway (€75,000 weekly), and poker jackpots (Bad Beat Jackpot $1,000,000, All in or Fold Jackpot $500,000). The platform supports 15 languages including French, accepts 33 currencies including cryptocurrencies (BTC, ETH, USDT) and fiat, and offers 24/7 customer support with live chat, email, and a 132-article FAQ center.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Daily Race distributes $100,000 per day to top 5,000 players with no wagering requirements
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and major.

• Medium Rare N.V.coreStrategic or Co-development PartnerMedium Rare N.V. is the licensed operator of the Stake casino platform, holding a license from the Curaçao Gaming Control Board (License No. OGL/2024/1451/0918). As the legal operating entity, Medium Rare N.V. is responsible for regulatory compliance, platform governance, and all gambling operations under its Curaçao license.
• Evolution GamingcoreTechnology or IntegrationEvolution Gaming is the primary live casino provider powering Stake's live dealer tables including blackjack, roulette, baccarat, Dragon Tiger, and game shows (Crazy Time, MONOPOLY Live, Lightning Roulette, Mega Wheel, Fan Tan, Treasure Island, Lightning Dice, MONOPOLY Big Baller). All live dealer content is streamed in real-time from Evolution's studios.
• Pragmatic PlaymajorTechnology or IntegrationPragmatic Play is one of the leading slot providers on the Stake platform, supplying popular titles such as Sugar Rush 1000, Lucky Piggy, Fire Stampede Ultimate, and Mummy's Jewels 100. The provider contributes a significant portion of Stake's slot game library.
• Hacksaw GamingmajorTechnology or IntegrationHacksaw Gaming is a game provider featured on Stake's platform, known for its high-volatility slot titles and innovative mechanics. The provider is listed prominently among Stake's slot and game supplier categories.
• Nolimit CitymajorTechnology or IntegrationNolimit City supplies high-RTP slot games to Stake's platform, including San Quentin Manhunt (96.0% RTP), Duck Hunters (96.1% RTP), and other thematic titles. The provider is part of Stake's curated slot game ecosystem.
• Game Providers Ecosystem (50+ providers)majorTechnology or IntegrationStake aggregates content from over 50 software providers including NetEnt, Play'n GO, Red Tiger Gaming, Quickspin, Big Time Gaming, Relax Gaming, Blueprint Gaming, Push Gaming, Thunderkick, PG Soft, ELK Studios, Endorphina, Skywind Group, and many others. These providers collectively supply the slot, table game, and live casino catalog available on the platform.
• Curaçao Gaming Control BoardcoreOthersThe Curaçao Gaming Control Board is the regulatory authority that issues and oversees the gambling license under which Medium Rare N.V. operates the Stake platform (License OGL/2024/1451/0918). The regulator ensures compliance with Curaçao's gambling framework.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Betsson Group: Multi-brand licensed online gambling group (including Bitcasino.io parent) operating casino and sportsbook products across European and LATAM regulated markets — broad incumbent that owns a direct crypto competitor and competes directly through multiple brands.
• Bet365: Largest globally licensed online sportsbook and casino incumbent with a comprehensive fiat-only product suite and tier-one licenses — overlaps Stake on casino and sportsbook but lacks crypto-native rails and proprietary Originals.
• LeoVegas: Publicly listed mobile-first online casino and sportsbook with regulated MGA/UKGC licenses — broad incumbent competitor in the same horizontal online gambling category as Stake, but operating primarily in regulated fiat markets.
• 888 Holdings (William Hill / 888 Casino): Multi-brand licensed online casino and sportsbook operator with established regulated market presence — broad incumbent with overlapping casino/sportsbook offering but conventional fiat rails rather than crypto-first.
• DraftKings: Leading US-licensed online sportsbook and casino operator with deep product overlap on sports betting and growing casino — broad incumbent competing for the same wallet share but in heavily regulated fiat-only US state markets.

Direct peers

• BC.Game: Crypto-first casino and sportsbook with proprietary in-house games, multi-currency support and a token-based loyalty model — directly comparable to Stake on crypto payments, Originals-style proprietary content and global accessibility.
• Bitcasino.io: One of the earliest crypto-only online casinos (operated by the Coingaming/Betsson group), offering slots, live dealer and sports betting funded in BTC and other cryptocurrencies — closely overlapping Stake's crypto-first product and target customer.
• TrustDice: Crypto-native casino and dice platform with Provably Fair mechanics, BTC/ETH/USDT wallets and a focus on the same crypto-gambling enthusiast segment as Stake.
• Cloudbet: Crypto sportsbook and casino combining esports/major-sports wagering with a casino portfolio funded in BTC, ETH and stablecoins — directly comparable on the sportsbook-plus-crypto-casino bundle Stake offers.
• Roobet: Crypto-native online casino and sportsbook offering slots, table games and proprietary titles with Provably Fair mechanics — direct head-to-head competitor to Stake in the crypto gambling niche, with overlapping customer base and game providers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/darkmattersgroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dark Matters