God bless and take care

[kingbj21]

God bless and take care

[Maslate]

So here are the list of countries that are restricted in playing with stake.com

https://stake.com/policies/terms

JURISDICTIONS

14.3 Persons located in or reside in Afghanistan, Austria, Australia, Belarus, Belgium, Colombia, Côte d'Ivoire, Cuba, Curaçao, Czech Republic, Democratic Republic of the Congo, Denmark, France, Germany, Greece, Iran, Iraq, Israel, Italy, Liberia, Libya, Lithuania, Malta, Netherlands, North Korea, Ontario, Portugal, Serbia, Slovakia, South Sudan, Spain, Sudan, Syria, Sweden, Switzerland, United Kingdom, United States, Zimbabwe (the "Prohibited Jurisdictions") are not permitted make use of the Service. For the avoidance of doubt, the foregoing restrictions on engaging in real-money play from Prohibited Jurisdictions applies equally to residents and citizens of other nations while located in a Prohibited Jurisdiction. Any attempt to circumvent the restrictions on play by any persons located in a Prohibited Jurisdiction or Restricted Jurisdiction, is a breach of this Agreement. An attempt at circumvention includes, but is not limited to, manipulating the information used by Stake to identify your location and providing Stake with false or misleading information regarding your location or place of residence.

India isn't on the list of countries restricted from accessing Stake.com, so anyone from India can deposit money and gamble on the platform. Now, calling Stake and its affiliates a scam seems baseless because your country's (India) laws only apply to operations within its borders.

In this case, Stake isn’t liable to your state, but your citizens might be, as they are aware online gambling is illegal yet still choose to access Stake. Instead of blaming a casino, people should take responsibility for understanding the laws in their own country.

I am posting this as a warning to Indian users regarding the fraudulent practices of Stake.com and its affiliates

Make that as a warning not to be ignorant of the law instead.

[Charles-Tim]

India isn't on the list of countries restricted from accessing Stake.com

He is not referring to IP address ban or Stake restricting Indian users to access their site. He is referring to the use of UPI Deposits. But what I am curious about is that Stake only is having crypto for deposit and withdrawal but the coins can be estimated in fiat but no deposit in fiat.

[Maslate]

India isn't on the list of countries restricted from accessing Stake.com

He is not referring to IP address ban or Stake restricting Indian users to access their site. He is referring to the use of UPI Deposits. But what I am curious about is that Stake only is having crypto for deposit and withdrawal but the coins can be estimated in fiat but no deposit in fiat.

Yes, I get his point, but shouldn't we be aware that if gambling is illegal in our country and we still choose to gamble, we have to be ready to face the consequences?

As for UPI deposits, as far as I know, Stake only accepts crypto, but there are YouTube tutorials showing how to deposit via UPI.

Still, you can’t hold Stake accountable for this since they’re not bound by Indian law.

Let me share a similar personal experience, but with an exchange. Binance has been declared illegal and banned in our country, but many of us still access it because we can trade with good volumes. We’re fully aware of the risks, knowing our government could hold us accountable. However, making Binance accountable to our government is a completely different issue.

[Maslate]

While India may not be explicitly listed in Stake.com's restricted jurisdictions, it does not exempt Stake from adhering to Indian laws.

So, let’s say for the sake of discussion, Stake is held accountable by your government. But in the first place, shouldn’t you be the one aware that what you’re doing is illegal? By law in your country, online gambling is illegal, whether it’s in fiat or crypto, yet you still chose to gamble. That means you knowingly broke the law, and now your bank freezes your account because of the violation. Are you really going to blame Stake or the affiliate that convinced you to gamble? What are you, minor?

[Charles-Tim]

As for UPI deposits, as far as I know, Stake only accepts crypto, but there are YouTube tutorials showing how to deposit via UPI.

I saw none. Maybe I did not see any YouTube video related to it due to my IP. I also search online and I saw nothing. I also search for how to deposit fiat on Stakes but all I was seeing are how to deposit crypto. Can you post one or two videos that shows how to make such deposit on Stakes.

The reason I asked is to know if it is third party and not directly. Like buying crypto with fiat on an exchange and deposit it on Stakes. The exchange is the third party in this scenario.

[Maslate]

As for UPI deposits, as far as I know, Stake only accepts crypto, but there are YouTube tutorials showing how to deposit via UPI.

I saw none. Maybe I did not see any YouTube video related to it due to my IP. I also search online and I saw nothing. I also search for how to deposit fiat on Stakes but all I was seeing are how to deposit crypto. Can you post one or two videos that shows how to make such deposit on Stakes.

HOW TO DEPOSIT IN INR STAKES?

The reason I asked is to know if it is third party and not directly. Like buying crypto with fiat on an exchange and deposit it on Stakes. The exchange is the third party in this scenario.

In the video, it clearly showed INR as an option for Stake, but when I checked my account, I couldn’t find that currency or any fiat option. So, it’s likely that what you see depends on the IP address being used to access the casino.

[Charles-Tim]

In the video, it clearly showed INR as an option for Stake, but when I checked my account, I couldn’t find that currency or any fiat option. So, it’s likely that what you see depends on the IP address being used to access the casino.

It is also not on my Stake account. No fiat option among. All are cryptocurrencies.

@kingbj21, if you think Stake is doing anything wrong, it is better you contact their customer care instead of bringing this to this forum. If you are not satisfied with their reply, then you can go with a legal suit against them. But I do not think Stake will just do something wrong against Indian regulations.

[holydarkness]

The OP has a long standing bad blood with Stake. He previously raised this complaint and "awareness" of deposit issue on his other thread, but it didn't work on his favor as people questions his decision to use fiat instead of crypto [for a crypto-casino], and pointed out that the issue should be with the bank and/or the payment processor, not stake, as the one being investigated [IIRC, from previous thread] was the payment processor.

[holydarkness]

The OP has a long standing bad blood with Stake. He previously raised this complaint and "awareness" of deposit issue on his other thread, but it didn't work on his favor as people questions his decision to use fiat instead of crypto [for a crypto-casino], and pointed out that the issue should be with the bank and/or the payment processor, not stake, as the one being investigated [IIRC, from previous thread] was the payment processor.

It’s funny how you’re quick to defend Stake while ignoring the real issues at play. My "bad blood" with Stake stems from their unethical practices and failure to take responsibility, not from any personal grudge. The issue I raised about UPI deposits is valid, and while people tried to deflect the blame to banks and payment processors, the truth is that Stake continues to promote illegal deposit methods without informing users of the risks. The payment processors involved have already been investigated, but Stake is still evading any real accountability.

And let’s be clear—I’m not here to "raise awareness" for some hidden agenda. I’m here to expose what’s really going on, and it’s becoming obvious that you, along with a few others, are being compensated by Stake to defend them on forums. It’s a classic tactic to deflect and discredit those who speak out, but it won’t work here.

Stake needs to stop hiding behind their influencers and defenders and actually address the serious issues being raised.

The bad blood between you and stake [and perhaps even other casinos] is a thing that came to a lot of other overseers' awareness. But oh, thank you for making me re-read that whole thread. I vaguely remember that I said I am removing myself from one member's case, but with the numbers of cases I handled, it's very easy to get mixed up and forgot who deserves better attention and who better left alone.

Pardon me for "backing out" from my own words, and allow me to ensure it will not be repeated in the future by putting you on ignore.

As for your accusation that I receive compensation from stake to defend them, I highly welcome you to prove it. Even... encourage you. Lest people take that bold statement you made as a reflection of the nature of your credibility, that every sentence coming from your mouth should be taken with grains of salt.

Compile hard evidences that I receive anything at all from Stake to defend them, present them on reputation board. I scanned through that board quite often. So, though I put you on ignore, the second I saw a thread is made by you on that thread, I'll come visit.

Deal?

[AHOYBRAUSE]

Stake continues to operate in a gray area in India by allowing INR deposits, which poses significant legal risks for users. Recent reports suggest that two Indian players were arrested for depositing large sums of money on Stake.com, raising serious concerns under anti-money laundering regulations.

Funds are allegedly being transferred to Australia without paying GST, directly linked to operations that involve Eddie and his associates through Gibraltar. This not only jeopardizes the financial safety of users but also puts them at risk of severe legal consequences.

I urge Stake to reassess its practices immediately. Allowing such operations to continue not only tarnishes the company's reputation but also exposes your users to potential arrests and legal repercussions. If these issues are not addressed promptly, I will have no choice but to escalate this matter to the appropriate authorities.

Take this warning seriously and act responsibly before it’s too late.

I want to chime in on that. You say it's a grey area but online betting is legal in India according to google. Stake is mainly a crypto gambling site but of course also offers INR deposits. I don't understand why Indian players are not just gambling in crypto when there might be an issue with the use of fiat, it makes no sense. It might be harder to buy crypto in India since it's also somehow a grey area but it's still a better option than fiat.
Players are depositing on their own risk knowing there might be an issue ( when there are so many reports about it), you can't blame stake for that. They obviously checked all the legal stuff before offering these options, otherwise they wouldn't do it.

I seriously don't understand what you want to achieve with words like: "I will have no choice but to escalate this matter to the appropriate authorities." Is it blackmail? Or you have a different agenda? If you want to do it then just do it because nothing will come from it anyway.

[BlackyJacky]

Looks like Stake is now claiming to comply with Indian regulations by imposing a 15% tax on withdrawals.

Where does Stake claim to comply with Indian regulations?