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Vrishank

Startups/VC/tech • 10m

Gambling platform Stake, which is co-owned by Drake, can create a ton of money right now by launching their lending platform. See, whenever a gambler loses money, they want to recover the lost money via gambling again. But many of the gamblers can't do this since they don't have any more funds left in their account. At this point, if stake launches a money lending integration, wherein users can lend money to gamble and whenever they win, they can pay to Stake, the platform will make hell lot of money. Unethical - Maybe Good for business - Definately. There is a high possibility they might do so, I don't suggest anyone to use such platforms, posting this Info so that others can learn how you can create various revenue streams on your platform.

9 Replies

Replies (9)

Looper

If nothing goes righ... • 10m

Unethical maybe 🤣🤣, bruh stake as a platform is a scam and lending integrated in the same one. This will literally make people broke as hell and even make an impact on money value, inflation, money laundering and much more bruh. Gov will never be ok with that.

1 Reply

Metrix

Every problem has si... • 10m

What if gambler lost lending money also...then how company recover lending money from Gambler ?

1 Reply

Anonymous 3

Hey I am on Medial • 10m

From a business ethics standpoint, this is a classic case of 'just because you can, doesn't mean you should.' There's a reason why many countries have strict regulations on gambling and lending.

Arcane

Hey, I'm on Medial • 10m

Won't this come under legal scrutiny?

Anonymous 2

Hey I am on Medial • 10m

It's scary to think about how easy it would be for someone to spiral into massive debt with a system like that. Gambling addiction is already a serious problem, and this could make it so much worse.

Anonymous 1

Hey I am on Medial • 10m

Lending money to people who've already lost everything gambling? That's like throwing gasoline on a fire. I can see how it might be tempting from a pure business perspective, but the human cost could be devastating.

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