First Impressions: Moon.com, Stake's 1,000x Leverage Bet?

On August 17, 2026, a new X account with a few hundred followers posted three words: "Moon has launched."

The site behind it lets you bet on whether Bitcoin, Apple, gold, Solana or dozens of other assets go up or down, with leverage from 1x to 1,000x, and it takes the other side of every bet itself.

The part the launch post left out is who built it: Easygo, the Melbourne company behind Stake and Kick.

Its slogan is "1000x leverage. 24/7 markets. Gravity is optional." Underneath is a familiar build: the house, a spread and a fee schedule.

What's under the hood?

Moon is not a casino and not an exchange. Pick a market, pick up or down, set a wager and a leverage multiplier, and Moon pays out according to how far the price moves.

Its terms call the product "entertainment and gaming" and are blunt about what you are buying: a bet "does not confer ownership of, or any right to delivery of, the Market itself." You are wagering against Moon, defined as "the House" and "the principal counterparty to every Bet."

That makes it closer to a binary-options shop than a casino, and a different animal from a prediction market, where you trade contracts against other users at a price the crowd sets.

On Moon there is no crowd. There is you, and there is the house.

If the dark terminal layout and the leverage slider remind you of Hyperliquid, that's just the look. The infrastructure underneath is different. The platform is not a front end on someone else's exchange.

A $100 wager at 1,000x controls $100,000 of exposure. Every leveraged bet carries a "Max Loss Price," where your whole wager is gone and the bet closes automatically. You cannot lose more than you put in, a point the risk disclosure repeats in capitals.

Risk and reward are therefore user-controlled on a sliding scale. At 2x leverage, your position survives any adverse move short of 50% before it busts. At 1,000x, a 0.1% move in your favor doubles your wager before fees, and the same move against you busts it.

Bitcoin and many other volatile assets make these kinds of moves many times an hour.

The prices do not come from Moon, which is the strongest fairness point on the site. They are aggregated from DXFeed, Pyth Network and SEDA Protocol, and SEDA has publicly confirmed the relationship.

External feeds mean Moon cannot quietly print a price that busts a position. There is no seed to verify and no provably fair system to check, because the outcome is a real-world price, so the question shifts from "is the number random?" to "what gets added to it?"

Section 9.2 of the terms answers that: bets are priced off "Moon's own quoted price for the Market, which incorporates a spread or other pricing edge in Moon's favour," and this edge is "separate from, and in addition to, the fees." The spread is the house edge. This spread isn't quantified.

Stocks stay bettable around the clock, so betting on Apple at 3 a.m. New York time means betting on SEDA's model of where Apple would trade.

What it costs

Moon deserves credit for publishing its fee schedule plainly in its help center. The parts are:

Here is what that looks like on Moon's own example of Bitcoin at $60,000.

Bitcoin rises 0.1% and you are up $100 gross; Moon takes at least $10 in performance fee and you already paid $1 to open, so you net about $89. Bitcoin falls 0.1% instead, the bet busts, and you are out $101. Two moves of identical size, before the spread and any holding fee. That asymmetry is Moon's business model.

Rakeback returns 3.5% of fees paid to accounts that arrive via a partnered affiliate or reach Bronze VIP. Moon calls it "passive earning." It is a partial refund of the fees, not of the spread, which is the larger and unpublished cost.

What's on show?

The front page is a leaderboard-first layout: live prices, chat, a follow system and a "best bets" feed, the same social scaffolding Stake uses. The board is broader than the launch post suggests.

On August 25, 2026, we counted 40 markets across five groups, with the "+" because Moon adds assets without announcing them:

There is a play-money mode with a refillable $100,000 practice balance, auto-close settings for profit and loss targets, and a "Flip" button that reverses a position and charges a fresh 1% opening fee.

The casino roots show through in the details: there is a tip function for sending funds to another user, a feature that belongs to a Stake lobby rather than a trading terminal.

Two features carry over from Stake almost unchanged. The first is the Moon Vault, a 2FA-gated sub-balance pitched as "like a savings account you would have with a bank" and "100% safe." It is not a bank. Section 6.3 of Moon's own terms says the company "is not a trust company or licensed custodian" and its measures "do not guarantee full recovery of funds in the event of insolvency." The vault is designed to protect you from your account being drained.

The second is the VIP ladder, which uses Stake's tier names and Stake's logic: the more you wager, the more the site gives back.

The perk the site leads with is "Instant Boosts": "get rewarded for every loss with instant cash that can be wagered right away."

Direct deposits are crypto only and need nothing more than a verified email; the terms say withdrawals may be subject to identity checks.

A swapped.com integration also allows users to buy crypto and top up their wallet with a variety of payment methods including card, Apple Pay, Google Pay, and PaySafeCard at a variable fee.

There is no native app, only a progressive web app; two-factor authentication and passkeys are supported.

So far, we haven't found any withdrawal complaints. Not much withdrawal history either.

Who is behind it?

The terms name the operator as Moon International Ltd, a company incorporated in the Union of the Comoros under registration number 16151, with a registered office in Hamchako, Mutsamudu, on the Autonomous Island of Anjouan. The site's license seal validates on the Gaming Board of Anjouan's own register as ALSI-202601063-FI2, status valid, for the domain moon.com.

Our guide on How to check if a crypto casino is actually licensed shows how to validate a seal like this yourself.

Nothing in the terms mentions Easygo, Stake or Kick. The link shows up elsewhere. Easygo is advertising a "Senior Product Designer, Moon" role on its own LinkedIn page, which FairGambling viewed directly on August 25, 2026.

The listing calls Moon "our boldest new venture yet, as we make our mark in the financial world," places the role full-time at Easygo's Melbourne office, and in the same breath names Easygo as "the creators behind some of the most popular brands including Stake, KICK and Easygo Games."

Moon's affiliate FAQ even tells partners to "check our casino and sports promotions," products Moon does not have. This is either a preview of what is coming or, more likely, simply copy borrowed from a sister site.

We found no public statement from Easygo, Ed Craven, or Bijan Tehrani claiming the product, and Moon's X account has never mentioned Stake. For a company that celebrated Stake's ninth birthday with a $1 million Drake giveaway, the quiet is more likely a soft launch than a secret.

Our Verdict

Moon is a novel product for this corner of the industry: a leveraged price-betting site built with casino-grade polish, from a company that knows how to scale one. If the Easygo connection holds, it arrives with the engineering, payment rails and audience that most new crypto sites spend years chasing, and that gives it a better chance than the usual no-name launch.

It is also one of the shortest waits between a massive win and an instant total loss we have seen. At 1x or 2x the product behaves like a straightforward directional bet. At 1,000x, a tenth of a percent decides the outcome, and that is a move Bitcoin makes many times an hour. The leverage slider is the whole risk profile, and the user gets to choose.

In our first impressions, the site operates smoothly and is already being battle-tested by a growing player base. But it will take time to tease out how tight or wide its quotes sit relative to typical crypto exchanges. How often bets settle at less favorable prices is important, since it all feeds into the effective fees and edge.

This will take real money and volume, but we'll revisit the platform in the coming weeks and provide an update.

Treat gambling as entertainment you pay for. 18+, and if it stops feeling like entertainment, help exists at BeGambleAware and GamCare.