Who owns Roobet? Ownership structure explained (2026)

Roobet is one of the better-known names in crypto gambling, a fast-growing niche of online casinos that take deposits in Bitcoin and other tokens rather than in dollars or euros. It launched in 2019, built an audience through streaming and celebrity partnerships, and now serves players across Canada, Latin America, and parts of Europe while blocking large markets like the United States.

Its ownership is deliberately hard to trace. Roobet is run from Curacao, a Caribbean jurisdiction that lets gambling companies incorporate with minimal public disclosure. There is no prospectus, no shareholder register open to the public, and no earnings call. What is documented is the operating company, the license, and the founder who has spoken for the brand. Much of the rest is either private by design or unconfirmed.

This article separates what can be verified about Roobet's ownership from what cannot. It covers the operating entities, the founder, the offshore structure that replaces a normal cap table, and the regulatory pressure that shapes who can own and run a crypto casino at all.

Roobet is an online casino and sportsbook that operates almost entirely in cryptocurrency. Players deposit and withdraw using tokens such as Bitcoin and Ethereum, and the site is built around slots, live-dealer tables, and "crash" style games where a multiplier climbs until it randomly stops. Game content comes from third-party studios including Pragmatic Play, Hacksaw Gaming, and NetEnt rather than from software Roobet builds itself.

The platform launched in 2019 and is operated by Raw Entertainment B.V., registered in Curacao. Its appeal rests on the same features that make crypto gambling controversial: fast, low-fee crypto transactions, limited identity checks compared with regulated books, and access from countries where licensed options are thin. That model is close to the crypto payments pitch behind companies like Crypto.com, applied to casino wagering instead of trading.

Because Roobet is private and offshore, there is no confirmed revenue or valuation figure. Third-party traffic estimates put the site in the range of roughly one million monthly visits during its 2022 peak, with a declining trend after streaming platforms restricted gambling promotion. Those figures are external estimates, not company-reported numbers, and should be read as directional only.

Roobet does not have the kind of ownership structure you can chart from public filings. There is no funding-round history to table, no disclosed shareholder split, and no market cap. What exists instead is a private offshore corporate stack. The sections below lay out what is documented and flag what is not.

Roobet is privately held. It has never floated shares, and it is not a subsidiary of any listed company that discloses it. The brand is controlled through Raw Entertainment B.V., a Curacao company, which means ownership is governed by private Curacao corporate law rather than by securities regulators. Curacao is widely used by crypto casinos precisely because it offers incorporation with strong privacy and minimal public reporting, so the absence of published ownership detail is a feature of the jurisdiction, not an oversight.

Matt Duea is named consistently as Roobet's co-founder and the person who has led it since 2019. Beyond that, founder equity is not disclosed. Reporting indicates he founded the company with partners who had backgrounds in online gambling, but their names, their stakes, and how ownership is split have never been made public. It is reasonable to infer that the founding group retains control, given the lack of any outside funding, but the precise breakdown cannot be verified.

There is no public record of Roobet raising outside capital. No angel round, no venture round, and no private equity or strategic investor has been reported. This is a meaningful contrast with regulated operators. Companies like DraftKings built their businesses on large public and private raises with named institutional backers. Roobet appears to have been funded from founder capital and reinvested gambling revenue instead, which concentrates ownership rather than diluting it across investors.

The operating entity most often tied to the brand is Raw Entertainment B.V. in Curacao. A related Cyprus entity, Raw Entertainment Ltd, has been identified in company disclosures as a paying and operational agent for the group. This split, an offshore license holder plus a European operating or payments arm, is common in the crypto gambling sector. It separates the regulated gaming license from day-to-day commercial operations, and it further limits how much any single public filing reveals about who ultimately owns the business.

Roobet's ownership is sometimes rumored to have changed hands, and the crypto gambling sector has seen real consolidation, including MIXI's acquisition of the listed operator PointsBet. As of this writing, no acquisition of Roobet or Raw Entertainment B.V. has been confirmed by credible reporting. Treat any claim of a new owner as unverified until it appears in the Curacao registry or in on-the-record company statements.

Matt Duea is the only Roobet principal who is consistently named in public. He is described as co-founder and chief executive, and he has been the brand's public-facing leader since launch. His public profile is limited, and he is associated mainly with promoting cryptocurrency rather than with a visible corporate biography.

No other executives, board members, or co-founders are reliably documented. Roobet does not publish a leadership page with named officers in the way a listed company would, and independent research has not surfaced a confirmed management roster beyond Duea. Because there is no outside board seat tied to investor money, control most likely rests with the founding group through Raw Entertainment B.V., but the composition of that group is inferred, not confirmed.

Roobet has been blocked to United States players since launch. The site does not hold a US gaming license, several of its game providers are not licensed for the US market, and federal and state law restricts banks and processors from handling online gambling transactions. Roobet geo-blocks US traffic as a result, though players are known to attempt access using VPNs, which violates the site's terms and can lead to forfeited funds. The offshore, crypto-only model that makes Roobet flexible in permitted markets is exactly what keeps it out of the largest regulated one.

In 2022, a streamer-led campaign pushed Twitch to ban promotion of major crypto casinos. Twitch prohibited referral links, affiliate codes, and site promotion for Roobet, Stake, Rollbit, and Duelbits after critics argued the sites were being marketed to audiences that included minors. The ban removed a primary growth channel and pushed Roobet toward sponsorships and other platforms. The episode also shows how dependent this ownership model is on third-party reach: with no regulated advertising rails in most markets, streaming and creator deals do the customer acquisition, and a single platform policy can reset the business. The same tension surrounds streaming service Kick, which is financially tied to a rival crypto casino's founders.

Roobet operates under a Curacao license rather than under the regulators of the countries where its players live. That gap creates ongoing friction. In regulated Canadian provinces such as Ontario, Roobet is not licensed and restricts access, and provincial regulators have pressured the licensed game suppliers that feed unregulated sites. The pattern mirrors the offshore-versus-regulator standoff seen with platforms like Polymarket, where a globally accessible product collides with national licensing rules. For any owner, this is the core risk: a Curacao license does not travel, and each new regulated market is a market Roobet may have to block.

The privacy that makes Curacao attractive to owners also fuels criticism. Limited identity verification, anonymous crypto deposits, and undisclosed ownership make it harder for players and regulators to assess who they are dealing with and how disputes would be resolved. These concerns are common across crypto casinos and are a recurring reason regulators cite when restricting the category.

Roobet's ownership structure is the strategy, not a footnote to it. By staying private, offshore, and free of outside investors, the founding group keeps full control over where the site operates, how aggressively it markets, and how much it discloses. There is no investor syndicate to answer to and no public listing to force transparency. That flexibility is what lets a crypto casino move quickly into permitted markets and out of hostile ones.

The trade-off is fragility and limited trust. Concentrated private ownership means the business rises or falls with a small, largely unnamed group, and the lack of audited figures makes the company hard to value or hold accountable. A private business built on offshore licensing is also acutely exposed to regulatory change, which makes a structured risk register the natural lens for assessing it. One major market ban or a licensing crackdown can reshape revenue overnight, with no diversified cap table to cushion the blow.

For players, the ownership model directly affects protection. Depositing on Roobet means trusting a private Curacao operator with limited external oversight rather than a regulator-backed book. Winnings, dispute resolution, and account security rest on the operator's own practices. That is a different risk profile from a licensed alternative, and it is a direct consequence of who owns the company and how they have chosen to structure it.

For anyone tracking the sector, Roobet is a case study in how modern gambling businesses use jurisdiction and corporate structure as competitive tools. The choice to stay private and offshore is not incidental. It is the mechanism that lets the owners run a global-facing casino on their own terms, for as long as regulators allow it.

Roobet is owned privately through Raw Entertainment B.V., a company incorporated in Curacao. Its co-founder and public-facing chief executive is Matt Duea, who has led the brand since it launched in 2019. The full list of owners and their equity stakes has never been publicly disclosed.

No. Roobet is privately held and has never been listed on a stock exchange. It is not a disclosed subsidiary of any public company, so there are no shares to buy and no public financial statements.

Roobet was founded in 2019 by Matt Duea together with partners reported to have backgrounds in online gambling. Duea is the only co-founder consistently named in public. The identities of the other founders have not been confirmed.

There is no public record of outside investors. Roobet has not reported angel funding, venture capital, or private equity backing, which suggests ownership remains concentrated among the founders and is held through Raw Entertainment B.V. No shareholder register is publicly available.

Roobet has no disclosed outside funding. Unlike regulated betting operators that raised large sums from named investors, Roobet appears to have been funded by its founders and by reinvested revenue. Its revenue and valuation are not public.

Roobet operates in markets it is permitted to serve, including Canada, several Latin American countries, and parts of Europe, under a Curacao gaming license. It blocks major regulated markets, most notably the United States, and is restricted in jurisdictions such as the United Kingdom and Australia, as well as in regulated Canadian provinces like Ontario where it is not licensed.