Stake.com is a scam - I lost my money for ''Money laundering''

[dhru9]

claiming someone does money laundering without proof is bad.
Is like saying you are a thief o you are a killer without proof..

There seems to be a misunderstanding between you and the casino. They don't accuse you of "money laundering" because they don't have the legal authority to do so, but they do have the right to enforce the rules that have been set. If you don't want to comply with the rules and conditions, you don't have a right to use the site.

is making their brand look bad.

I really don't think it does. Stake.com is one of the most popular crypto gambling sites out there. No one is going to take your juvenile accusations seriously.

You don't understand how marketing works and how the brain store information. What I did cause them to lose more (I am a marketing expert) I know things.
Many people who view this section subconsciously will be afraid to invest in stake when they see these titles.
Stake could avoid the trouble by not fook with me but look at them now.

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[TwitchySeal]

claiming someone does money laundering without proof is bad.
Is like saying you are a thief o you are a killer without proof..

There seems to be a misunderstanding between you and the casino. They don't accuse you of "money laundering" because they don't have the legal authority to do so, but they do have the right to enforce the rules that have been set. If you don't want to comply with the rules and conditions, you don't have a right to use the site.

is making their brand look bad.

I really don't think it does. Stake.com is one of the most popular crypto gambling sites out there. No one is going to take your juvenile accusations seriously.

You don't understand how marketing works and how the brain store information. What I did cause them to lose more (I am a marketing expert) I know things.
Many people who view this section subconsciously will be afraid to invest in stake when they see these titles.
Stake could avoid the trouble by not fook with me but look at them now.

Every casino has scam accusations from players that did something shady and think they can use this forum to extort money from them.  If you want to damage Stakes rep for being a scam, you have to back up your claims to convince others to leave them negative feedback.  Just crying scam without being transparent about what happened is just a waste of your time.  If you were using Stake to launder money, you're wasting your time.  I don't think Stake would freeze your funds without a very good reason, and I don't think you're going to tell us the whole truth, but in case I'm wrong:

What does your deposit/withdraw request history look like?  Post screen shots.

How many times did you deposit, and for how much, and how much did you wager?

And why did you deposit your money into a casino and then withdraw it without gambling?

[Saint-loup]

That is why people really need to read the TOS and AML policy of every casino or platform before doing anything. They will send an email if there is an update regarding the change.

Withdrawing after deposit without wagering is really an offense in most of casino who have AML policy, you should take note on that.

Don't spam fake news in a scam accusation thread please. Where have you seen in their TOS it's forbidden to make a withdrawal without wagering please? Could you quote the exact sentence please? If it was forbidden he would have just get a message saying he can't withdraw his funds before wagering them, or before a certain period of time, like many casinos are doing. Here they have locked his funds without warning and are now requiring a top level KYC to give him back his own funds since he hasn't made any winnings.
And what do you mean by "They will send an email if there is an update regarding the change." ? Obviously he hasn't received any mail from Stake which is not professional at all for this kind of thing and rather shady actually.

I chat with Nicolas and ask what's up. He said you use stake for money laundering and ban me permanently without the ability to withdraw my funds.

[PX-Z]

Don't spam fake news in a scam accusation thread please. Where have you seen in their TOS it's forbidden to make a withdrawal without wagering please? Could you quote the exact sentence please?

Read it again, no one said it's on their TOS its on their AML policy. And it is not fake news. Only those who doesn't know will say it's a fake news.

Anti-Mixing Measures. Stake will utilise software designed to detect other suspicious deposit or withdrawal patterns. Such instances will be dealt with on a case-by-case basis, depending on the perceived level of risk. In such instances, a user may be required to explain their methodology and purpose for using the platform.

Any KYC required and casino with AML monitoring software will do that the same. Since he mentioned that he deposit then just withdraw, then it's obvious a trigger to their software as alternative to mixer, and that's obvious fall on their anti-mixing measures.

If it was forbidden he would have just get a message saying he can't withdraw his funds before wagering them, or before a certain period of time, like many casinos are doing.

Like many casino's doing?
Did casino tell its users that they will require KYC when their user is going to withdraw? No.
Did they tell its users that they will be required to send their selfie holding a newspaper, ID, etc. while on the street for the KYC ahead of time? No.
It's the same as that. Casinos won't tell you that don't do this and that coz you will be banned or something. You will only receive a message when you are banned because you did this and that.

[dhru9]

claiming someone does money laundering without proof is bad.
Is like saying you are a thief o you are a killer without proof..

There seems to be a misunderstanding between you and the casino. They don't accuse you of "money laundering" because they don't have the legal authority to do so, but they do have the right to enforce the rules that have been set. If you don't want to comply with the rules and conditions, you don't have a right to use the site.

is making their brand look bad.

I really don't think it does. Stake.com is one of the most popular crypto gambling sites out there. No one is going to take your juvenile accusations seriously.

You don't understand how marketing works and how the brain store information. What I did cause them to lose more (I am a marketing expert) I know things.
Many people who view this section subconsciously will be afraid to invest in stake when they see these titles.
Stake could avoid the trouble by not fook with me but look at them now.

Every casino has scam accusations from players that did something shady and think they can use this forum to extort money from them.  If you want to damage Stakes rep for being a scam, you have to back up your claims to convince others to leave them negative feedback.  Just crying scam without being transparent about what happened is just a waste of your time.  If you were using Stake to launder money, you're wasting your time.  I don't think Stake would freeze your funds without a very good reason, and I don't think you're going to tell us the whole truth, but in case I'm wrong:

What does your deposit/withdraw request history look like?  Post screen shots.

How many times did you deposit, and for how much, and how much did you wager?

And why did you deposit your money into a casino and then withdraw it without gambling?

extort  my own money? read all you turd.  never did money laundering maybe you guys want to get your tongue out of stake.

[decodx]

<...>
Obviously he hasn't received any mail from Stake which is not professional at all for this kind of thing and rather shady actually.

Apparently, there is more to this story than the OP admits. He now claims that he won the amount with his other account, and thus "recked" the casino and took their money. I'm not siding with the casino, but Stake obviously has valid reasons to block his account and these accusations are baseless.

[Saint-loup]

Read it again, no one said it's on their TOS its on their AML policy. And it is not fake news. Only those who doesn't know will say it's a fake news.

I'm glad you are admitting having told fake news because you said the exact opposite above "That is why people really need to read the TOS and AML policy of every casino or platform before doing anything."

Any KYC required and casino with AML monitoring software will do that the same. Since he mentioned that he deposit then just withdraw, then it's obvious a trigger to their software as alternative to mixer, and that's obvious fall on their anti-mixing measures.

That's the most ridiculous scammy excuse I would have read, it's not their fault, they are seizing customer funds because the software they use told to do so....
It's not customers business what the "software" they are using is telling, and how it is set up, they don't even know what is this software and how it is working. Customers have a contract with a company and their representatives, not with a software. Courts convict and send to jail people, not robots.

Like many casino's doing?
Did casino tell its users that they will require KYC when their user is going to withdraw? No.
Did they tell its users that they will be required to send their selfie holding a newspaper, ID, etc. while on the street for the KYC ahead of time? No.
It's the same as that. Casinos won't tell you that don't do this and that coz you will be banned or something. You will only receive a message when you are banned because you did this and that.

LOL you should read this section less frequently and use honest casinos more often IMO, because only scammy casinos are doing what you are saying. Professional and honest casinos don't do that. They ask KYC and eventually ban customers if they don't like how they are using their platform but they don't lock their funds. The only exception is when there is a blatant cheat with an obvious damage. Because they have no right to seize any funds without a court order, it would be a theft. It's serious to be aware of this kind of scams and to defend them. You are a 1xbit advocate, right?

[PX-Z]

I'm glad you are admitting having told fake news because you said the exact opposite above "That is why people really need to read the TOS and AML policy of every casino or platform before doing anything."

You sure have selective reading/hearing. Here's what i have said.
"Withdrawing after deposit without wagering is really an offense in most of casino who have AML policy, you should take note on that."

Then you asked.
"Where have you seen in their TOS it's forbidden to make a withdrawal without wagering please?"

Well, no one said it's on their TOS, again it's on their AML policy, please comprehend.

That's the most ridiculous scammy excuse I would have read, it's not their fault, they are seizing customer funds because the software they use told to do so....

That is what op had experienced if you understand what you read in this thread.

LOL you should read this section less frequently and use honest casinos more often IMO, because only scammy casinos are doing what you are saying. Professional and honest casinos don't do that. They ask KYC before locking funds of their customers if they don't like how they are using their platform. The only exception is when there is a blatant cheat with an obvious damage. Because they have no right to seize any funds without a court order, it would be a theft.

Well, i have to admit that you sure have selective reading. Check these threads^[1][2] before telling me what sections i should frequently read.

What you have all mentioned are those characteristics of a dream casino site a gambler wishes to use. But you need to know that they are not perfect and will only do is business, blocking accounts are included on that unless its reasonable and against their TOS or any policy they have.
Anyway, op's case seems like a solve one and admitting^[3] of using another account as against on every casino's TOS.

[1] Cloudbet - Asked for verification and blocked account
[2] Street Selfie? Why all these crazy requirements in the name of KYC verification?
[3] Stake.com got recked by me

[Saint-loup]

You sure have selective reading/hearing. Here's what i have said.
"Withdrawing after deposit without wagering is really an offense in most of casino who have AML policy, you should take note on that."

Then you asked.
"Where have you seen in their TOS it's forbidden to make a withdrawal without wagering please?"

Well, no one said it's on their TOS, again it's on their AML policy, please comprehend.

Again it's not written in their TOS, neither in their AML policy and you are telling fake news by saying the opposite. Again, if you were right they would just tell him he can't withdraw his deposit without wagering it one time at least, or before a certain amount of time. I asked you to quote the exact sentence saying it but you've just managed to quote a sentence about a software and freely assumed it means the same thing according to you...

That is what op had experienced if you understand what you read in this thread.

I really hope you're wrong because according to the thread posted by decodx, the amount is only a few hundred dollars. If a software is locking funds of customers for laundry, for deposits as small as that without any human review and explanations, it's very concerning.

Well, i have to admit that you sure have selective reading. Check these threads^[1][2] before telling me what sections i should frequently read.

[1] Cloudbet - Asked for verification and blocked account
[2] Street Selfie? Why all these crazy requirements in the name of KYC verification?

Stay on topic please.

[LoyceV]

Why can't you withdraw when your account is in "withdraw only mode"? That doesn't make sense.

You are laterally using them as a mixer to break connections.

Casinos log everything, which is the opposite of what you'd expect a mixer to do. Casinos want you to wager because they earn from it.

Why would you deposit coins in a casino in the first place if you are not planning to gamble at all?

I can think of a few reasons:
-changed your mind
-you did the math and sanity kicked in
-don't want to risk it
-wife complained
-unexpected expenses came up

You don't understand how marketing works and how the brain store information.

If that's what you're trying to do, you're on the wrong track instead of helping your case.

You don't even believe your own scam accusation, otherwise you wouldn't have done this:

I won  new account that I opened today

My advice: stop gambling.

[dhru9]

Why can't you withdraw when your account is in "withdraw only mode"? That doesn't make sense.

You are laterally using them as a mixer to break connections.

Casinos log everything, which is the opposite of what you'd expect a mixer to do. Casinos want you to wager because they earn from it.

Why would you deposit coins in a casino in the first place if you are not planning to gamble at all?

I can think of a few reasons:
-changed your mind
-you did the math and sanity kicked in
-don't want to risk it
-wife complained
-unexpected expenses came up

You don't understand how marketing works and how the brain store information.

If that's what you're trying to do, you're on the wrong track instead of helping your case.

You don't even believe your own scam accusation, otherwise you wouldn't have done this:

I won  new account that I opened today

My advice: stop gambling.

Finally someone wise here all the other users thning it has somethng to do with money laundering. I don't believe they are scam anyone purposely.
but some small can be tricky can put your money on trouble.
high rollers players can do little mistake and end up losing 100k if they brich some small thing from their TOS.
 I only play with frinction amount of money so I don't care. I also beat them at the end.

[robelneo]

Finally someone wise here all the other users thning it has somethng to do with money laundering. I don't believe they are scam anyone purposely.
but some small can be tricky can put your money on trouble.
high rollers players can do little mistake and end up losing 100k if they brich some small thing from their TOS.
 I only play with frinction amount of money so I don't care. I also beat them at the end.

I'm not wise and I'm like all the others that say it has something to do with money laundering because I think it falls into money laundering unless you have a strong and valid reason except the change of mind on why you try to withdraw your deposit without wagering, I think you're a good fellow that just wants to gamble but be sure to read the rules take it by heart, ignorance of the rules excuses no one, and one thing you already won money on Stake enjoy it and enjoy the feeling that you think that you wrecked them,

[Casino Critique]

Casinos log everything, which is the opposite of what you'd expect a mixer to do. Casinos want you to wager because they earn from it.

I know they do but I was telling from an individual's perspective.

For example I want to send some btc to someone but I don't want him to know my address too. I can just send it to a site (here for example the said casino) and withdraw the btc on the address given by the other party.

When this type of transaction happen in between two person who are not living in the same country then technically it's money laundering. In that case casino becomes liable for it.

[LoyceV]

I don't believe they are scam anyone purposely.

Then change the topic title

but some small can be tricky can put your money on trouble.
high rollers players can do little mistake and end up losing 100k if they brich some small thing from their TOS.

Casinos aren't designed to make high rollers rich, they're designed to make the owner rich. That's nothing new, and it would make sense to fully understand the details before wagering (especially for a high roller).

I don't care.

Your OP didn't sound like you don't care.

I also beat them at the end.

If you're referring to your other topic: you don't "beat" a casino by wagering and winning. Casinos only care about wagering: as long as players wager, they'll win in the long run.
If you want to beat any casino:

stop gambling.

When this type of transaction happen in between two person who are not living in the same country then technically it's money laundering. In that case casino becomes liable for it.

I don't think that's by definition money laundering. But even if it would be, wagering the money before withdrawing doesn't change it at all!

[dhru9]

I don't believe they are scam anyone purposely.

Then change the topic title

but some small can be tricky can put your money on trouble.
high rollers players can do little mistake and end up losing 100k if they brich some small thing from their TOS.

Casinos aren't designed to make high rollers rich, they're designed to make the owner rich. That's nothing new, and it would make sense to fully understand the details before wagering (especially for a high roller).

I don't care.

Your OP didn't sound like you don't care.

I also beat them at the end.

If you're referring to your other topic: you don't "beat" a casino by wagering and winning. Casinos only care about wagering: as long as players wager, they'll win in the long run.
If you want to beat any casino:

stop gambling.

When this type of transaction happen in between two person who are not living in the same country then technically it's money laundering. In that case casino becomes liable for it.

I don't think that's by definition money laundering. But even if it would be, wagering the money before withdrawing doesn't change it at all!

Is not money laundering people just say bunch of crap to fill their signature campaign goals. Like copy and paste.

[Yogee]

.....
Is not money laundering people

Depositing money to casinos and later withdraw is a method often used to launder money. What you did is quite similar to what criminals do to remove the trail so I don't really blame Stake for flagging your account. I don't think they need to prove if it was really your intention to launder using their platform or not.

[TwitchySeal]

I don't believe they are scam anyone purposely.

Then change the topic title

but some small can be tricky can put your money on trouble.
high rollers players can do little mistake and end up losing 100k if they brich some small thing from their TOS.

Casinos aren't designed to make high rollers rich, they're designed to make the owner rich. That's nothing new, and it would make sense to fully understand the details before wagering (especially for a high roller).

I don't care.

Your OP didn't sound like you don't care.

I also beat them at the end.

If you're referring to your other topic: you don't "beat" a casino by wagering and winning. Casinos only care about wagering: as long as players wager, they'll win in the long run.
If you want to beat any casino:

stop gambling.

When this type of transaction happen in between two person who are not living in the same country then technically it's money laundering. In that case casino becomes liable for it.

I don't think that's by definition money laundering. But even if it would be, wagering the money before withdrawing doesn't change it at all!

Is not money laundering people just say bunch of crap to fill their signature campaign goals. Like copy and paste.

What's not money laundering?  You haven't given any details of what you actually did.  If you want to be taken seriously you have to at least pretend to share the whole story....

[LoyceV]

What's not money laundering?

I tried to find a definition:

Money laundering is the illegal process of making large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.

Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source.

Money laundering is the processing of these criminal proceeds to disguise their illegal origin.

An abundance of black money leads to the origin of several illegal practices, and money laundering is one such process to disguise the source of such funds.

Money laundering is the practice of making money that was gained through criminal means, such as smuggling weapons, look as if it came from a legitimate business activity.

The intention of money laundering is to make illegally obtained money appear to come from a legitimate source.

Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money.

the crime of moving money that has been obtained illegally through banks and other businesses to make it seem as if the money has been obtained legally

Those definitions all have one thing in common: the money has to come from an illicit source. Simply depositing and withdrawing doesn't mean the source was illicit, and even trying to hide your money flows from blockchain analysis doesn't mean it's money laundering.

If I'd want to launder stolen money through a casino, I'd make one large high risk bet (say x10). If I win, I can prove that 90% of my money came from being very lucky at a casino! If I lose, I move on to the next casino.
So anyone betting $100k in one bet and winning $1M could very well be laundering money! Anyone losing $100k and abandoning their account could very well have attempted to launder the money! But someone who deposits and withdraws a couple hundred bucks doesn't mean he's he's laundering the money, and even if he would try that way, it wouldn't do him any good.

I guess casinos don't investigate users who lose $100k and leave

[Saint-loup]

Depositing money to casinos and later withdraw is a method often used to launder money. What you did is quite similar to what criminals do to remove the trail so I don't really blame Stake for flagging your account. I don't think they need to prove if it was really your intention to launder using their platform or not.

It would be helpful to know the exact history of dhru9. But if you are applying the rule number one of cryptocurrencies safety "Not your key, not your coins" to avoid unpleasant surprises from crypto casinos, especially in those bear market times. And thus you don't want to leave your funds on platforms after gambling. You'll certainly make withdrawals from time to time without wagering your last deposits. Especially if you are often refilling your balance after losses, because you can decide to stop your session and then to withdraw your funds while you've just received your last deposit on your account.

[aioc]

.....
Is not money laundering people

Depositing money to casinos and later withdraw is a method often used to launder money. What you did is quite similar to what criminals do to remove the trail so I don't really blame Stake for flagging your account. I don't think they need to prove if it was really your intention to launder using their platform or not.

Op should not define money laundering in his own terms, you'll get in trouble in every casino you're playing if you have your own terms or meaning on what constitutes money laundering, they don't put that word there without meaningful classifications on what constitutes money laundering, so if you think a change of mind is not money laundering, the casino states that depositing without wagering constitutes that, if you're not comfortable with these terms then stop gambling.
unfortunately, you did not stop but played and surprisingly win and just move on to other casinos, you're such a joker  .