Stake has emerged as a premier online betting platform in India in the last few years. The bookmaker is famous for offering several sports such as cricket, football, basketball, etc for your betting pursuits.
The bookmaker has obtained all necessary licenses and operates in compliance with regulatory standards. Since its inception, Stake India has cemented its position as a significant contender in the betting industry. Additionally, Canadian sensation Drake and Manchester City legend Sergio Aguero are also associated with the bookmaker.
In this guide, we'll tell you more about Stake and why you can feel safe betting your money on their website.
Is Stake Legal?
In India, Stake follows the law because no rules are stopping you from using online betting sites like theirs, as long as those sites' servers aren't in India.
The bookmaker is completely legal in India because it's licensed in Curacao and operated by Medium Rare N.V. under a gaming license from Antillephone, regulated by the Government of Curacao.
However, it's important to note that certain Indian states like Telangana and Andhra Pradesh are making their own rules against real money online gambling, so it's restricted in those places. Apart from these two states, you can place your bet on Stake with peace of mind and without any worry.
Read more about this topic in our Stake legality guide.
Is My Money Safe with Stake?
Of course! Your funds remain protected with Stake, backed by its licensed operations, robust security protocols, and esteemed reputation within India.
Managing your deposits and withdrawals on this platform is both seamless and secure. Stake accommodates various payment methods and currencies, simplifying the transaction process for your convenience. Whether it's depositing or withdrawing funds, you have the flexibility to choose a method that suits you best.
Options include UPI, Apple Pay, Samsung Pay, and Cryptocurrency. Apart from cryptocurrency, you will be delighted to know that the bookmaker accepts INR as well along with USD, Euro, GBP, etc. The minimum allowed deposit is INR 400 on the platform.
It's crucial to note that after registration, completing the account verification (KYC) process is necessary to facilitate smooth withdrawals of your earnings. If you don’t verify your account, you will not be able to withdraw funds from the bookmaker.
Learn how to verify your account in our Stake registration guide.
Do They Pay My Winnings?
When you win a bet on Stake, your earnings promptly reflect in your betting account, poised for withdrawal. The bookmaker has a great track record of consistent and reliable payouts to all its customers around the world.
Do note that Stake sets withdrawal limits for each payment method. For example, the minimum withdrawal for UPI is INR 500, meanwhile, if you are withdrawing through any other method then the minimum amount is INR 400.
The withdrawal time may vary as per the payment mode. For example, UPI can take up to 24 hours, while bank withdrawal can take up to 5 business days.
Is Stake Genuine?
Stake is a respected and trusted place for betting online. They make sure it's safe by following strict rules and getting checked by gambling authorities.
They also focus on helping customers whenever they need it, 24/7. Stake is dedicated to giving a secure betting experience by sticking to rules and being there to help customers anytime.
So don’t worry and start betting at Stake with peace of mind.
What Licenses Do They Have?
Stake has a license from Curacao that lets them operate in different countries like India, Mexico, and the UK. The website is run by Medium Rare N.V. under the gaming license 8048/JAZ given by Antillephone.
This license is approved and controlled by the Curacao government. Their authorization comes from an official document (NO.DGJS/DCRCA/2501/2021) from the control and regulation department for remote betting centers and raffle rooms in gaming
How Long Does Stake Exist?
Stake.com is an online bookmaker from Australia. It started in 2017 with help from Ed Craven and Bijan Tehrani, who had a company making games for online casinos. In 2021, it launched in the UK with the help of TGP Europe.
Stake.com sponsors lots of sports personalities, like UFC fighter Israel Adesanya, English football teams Gillingham, Watford, Everton, Argentine footballer Sergio Agüero, race car drivers Pietro Fittipaldi and Enzo Fittipaldi, musician Drake, etc.