Reported cases with Stake.com
The following concerns have been consistently raised by numerous players:
- Allegations of Rigged Software.
- Intentional Non-Verification - There are claims that Stake deliberately avoids verifying users' identities to withhold winnings.
- Service to Prohibited Jurisdictions - Stake has been accused of accepting players from areas where their services are legally restricted.
- Withholding Payments - There are allegations of Stake retaining winnings and unjustly accusing players of violating terms and conditions.
- Exploiting Gambling Addiction - Reports suggest that Stake knowingly allows gambling addicts to continue using their services, exacerbating their condition.
- Unjust Account Bans - Profitable players have reported being banned and their balances confiscated without valid justification.
Get your money back!
We help you retrieve your money, firstly follow the guide on how to report Stake to authorities and then get your data.
It's illegal for Stake.com to provide it's services in these countries!
Afghanistan, Austria, Australia, Belarus, Belgium, Colombia, Côte d'Ivoire, Cuba, Curaçao, Czech Republic, Democratic Republic of the Congo, Denmark, France, Germany, Greece, Iran, Iraq, Italy, Liberia, Libya, Lithuania, Netherlands, North Korea, Ontario, Pakistan, Portugal, Serbia, Slovakia, South Sudan, Spain, Sudan, Syria, Sweden, Switzerland, United Kingdom, United States, Zimbabwe
Be cautious: If Stake operates in your region against legal norms, or if you're breaching their terms, your account might be banned and funds seized. This has happened before. Can you trust them under these conditions?
Below is a snippet from Stake's terms Clause 5, which iclude but not limited to:
e) You are accessing stake.com from a jurisdiction in which it is legal to do so;
f) You will not use our services while located in any jurisdiction that prohibits the placing and/or accepting of bets online and/or playing casino and/or live games;
g) You accept and acknowledge that we reserve the right to detect and prevent the use of prohibited techniques, including but not limited to fraudulent transaction detection, automated registration and signup, gameplay and screen capture techniques. These steps may include, but are not limited to, examination of Players device properties, detection of geo-location and IP masking, transactions and blockchain analysis;
What Now? Get Your Money Back!
Have You Made Deposits or Bets with Stake While in a Prohibited Jurisdiction?
If yes, start by reporting Stake to the authorities in your jurisdiction.
Were you influenced by a social media influencer? If so, include this in your report and also notify the platform where the promotion occurred. Check out our list of influencers known to have promoted Stake.
In case a sponsor or partner paid by Stake influenced you, report these promoters to their local authorities, as well as to Interpol and the FBI.
Gather all your transaction details, including bets, sessions, chat messages, deposits, and withdrawals. If Stake has blocked your account, request this information via email from dpo@stake.com. If there's no response within 30 days, contact your GDPR authority (if residing within Europe).
After gathering evidence, reach out to Stake for a possible settlement. If they refuse to refund your deposits, consider seeking legal advice. Here's a list of lawyers in Curacao.
Did Stake verify your account? If yes, they are accountable for accepting users from prohibited jurisdictions. If not, and you deposited over $2k, Stake is still liable since Curacao law mandates KYC checks for deposits exceeding this amount. Failure to verify is a criminal offense, punishable by up to 4 years in prison.
Conclusion
Legality of Stake - Non-Compliant
Stake operates in jurisdictions where their services are explicitly prohibited. Notably, they even restrict users from the country in which they are registered, raising questions about their legal compliance.
Trustworthiness of Stake - Questionable
Our research indicates that Stake's reliability is highly doubtful. Reports suggest they frequently accuse users of terms violations, exploit gambling addicts, and arbitrarily lock accounts and seize balances.
Authenticity of Gambling on Stake - Misleading
While real money or value is involved, Stake's practices appear disingenuous. We suspect that they provide streamers with simulated funds, creating a misleading portrayal of success and attractiveness of their site.
Potential for Profit on Stake - Unlikely
Numerous accounts suggest that while initial gaming sessions may appear profitable, subsequent higher-stake bets often result in improbably consistent losses, rapidly depleting user accounts.
Legal Status of Stake Casino - Unauthorized
Stake operates in many regions without the requisite legal authorization, lacking proper gambling licenses, and thus is considered illegal in most jurisdictions where it offers its services.