Stake is an online sports betting site which also offers casino gaming. To understand the legality of this betting site in India you would need to understand the central and state-level gambling laws. In the article below, we have provided detailed information on Indian gambling laws which will help you understand if this site is legal or not.
Here, you will also find a detailed review of Stake India and a signup guide. We have included a rich FAQ section that will answer all your questions regarding the legality of this betting site.
Indian Gambling Laws
To understand Indian gambling laws, you need to know that India has a central gambling law that governs all the Indian states. This law is called the Public Gambling Act of 1867. This law states that gambling at land-based casinos is illegal in India. Further, the players along with gambling house management will be arrested and fined if caught gambling.
However, there is a catch! This law is very old and has not been amended since it was passed by the parliament. Thus, it does not include a clause banning online gaming on offshore betting sites. So, betting on offshore online sites falls under the grey area of law. You can bet online without any risk.
Also, the Indian constitution gives its states the right to pass their own gambling laws to govern the state better. Some Indian states like Arunachal Pradesh, Bihar, Chhattisgarh, Goa, Haryana, Kerala, and others have legalized online betting. Similarly, some states like Assam, Andhra Pradesh, Odisha, Telangana, and Tamil Nadu have outright banned gambling and betting.
Therefore, the problem of betting being in the grey area was solved. As long as you live in a state where betting and gambling are legal or not monitored, you can use Stake.com as much as you want.
Legality & Credibility
Stake.com has been licensed by the Government of Curaçao in general. However, it also has the United Kingdom Gambling Commission (UKGC) license for the UK market. Likewise, it also has the Malta Gaming Authority (MGA) for Malta and an iGaming Ontario license in Canada.
A gaming licence signifies that the bookmaker is trustworthy and must follow strict regulations to ensure a secure gambling environment for its users. The games and betting markets on the bookie’s website are all fair, and there is no unauthorized house edge. Since Stake.com has multiple gaming licences, we can say for sure that this bookie is safe and credible.
What is Stake.com India?
Stake is one of the top betting sites in India, owned and operated by Medium Rare N.V. This betting site has a Curacao eGaming License from the Government of Curacao. On this site, you can enjoy betting on 30+ sports and 3000+ casino games. This bookmaker lets you bet on sports live and also live stream your favourite matches.
Stake.com has international partnerships with Everton FC, UFC, the F1 team, and others. The bookie has a front-of-jersey partnership with two ISL teams: Mumbai City FC (2023-24 ISL winners) and Hyderabad FC.
Stake has a 33.4% share of the Indian betting market, making it the country’s leading betting site. This data was recorded during the IPL 2024 season when online betting in India was at its peak.
Is Stake.com Safe in India?
Yes, Stake is a safe website to enjoy Cricket betting and casino gaming. The bookmaker website has added a security layer by using the latest 256-bit SSL Encryption. This helps protect your data while you bet on any sports online on the bookie website. The encryption keeps hackers and any third party away from sensitive data like your credit card information, name, address, and more.
The bookie’s terms and conditions for playing on its website and using its bonuses are transparent and adhere to its morals. Therefore, it is safe to conclude that using Stake.com is safe and secure. While reviewing the Stake India website we found a few things which made us feel safe betting on this site. These points are mentioned below.
Trust
The betting licence from the Government of Curacao makes Stake a trustworthy website. Having a betting licence signifies that the bookie is reliable. The licensing authority ensures stringent regulations to ensure a safe gambling platform for the users.
KYC
One of Stake’s safety features is its multi-layered KYC policy. Unlike other sites, where you only need to provide your government-issued ID card, this bookie requires players to upload more documents to ensure that they are genuine and have sufficient income to match their spending. This bookie has a four-level account verification process, which we have mentioned in detail in the sections ahead.
Safer Gambling
Stake is a responsible betting site that cares for its customers. This bookie promotes safe gambling practices. If you are addicted to betting and gambling then you can connect with the customer support team to activate the ‘Self-Exclusion’.
AML – Anti Money Laundering
There are many players who bet online to launder money. Some dubious betting sites also facilitate an edge for such players to easily win money so they can launder their funds. However, Stake is different as they have a strict anti-money laundering (AML) policy.
Security Measures
At Stake India, you can enter your banking details without any worries because the website is secured using 256-bit SSL Encryption. This means no unwanted third party can peek into your personal details, such as name, number, address, email, banking details, etc.
Is it legal to play on the Stake.com App in India?
Yes, it is completely legal to enjoy sports betting or casino gaming in India using the Stake app or website. This is because the bookie is located in a country called Curacao, and is not in India. This makes the bookmaker an offshore betting site which is legal in India. You also need to ensure that you live in a state where betting and gambling are legal.
More on Legal Betting Sites India>>>
States Where Stake.com is Legal in India
The Public Gambling Act of 1867 does not restrict players from enjoying online betting sites. However, betting was still considered to fall in the grey area of Indian law. That is why some Indian states have come forward to pass their own laws to make betting and gambling legal in their state. States like Nagaland and Sikikim also issue gambling licences to regulate online betting in their state.
Indian states like Goa, Bihar, Gujarat, Haryana, and others have legalised betting and gambling. For example, in 1976, the Goa parliament passed the Goa, Daman, and Diu Public Gambling Act, making betting legal in the state.
Below is the list of Indian states where online betting is completely legal, and players can use Stake India.
| State | Legal |
| Arunachal Pradesh | Yes |
| Bihar | Yes |
| Chhattisgarh | Yes |
| Goa | Yes |
| Andhra Pradesh | No |
| Assam | No |
| Gujarat | Yes |
| Haryana | Yes |
| Himachal Pradesh | Yes |
| Jharkhand | Yes |
| Karnataka | Yes |
| Kerala | Yes |
| Madhya Pradesh | Yes |
| Maharashtra | Yes |
| Manipur | Yes |
| Meghalaya | Yes |
| Mizoram | Yes |
| Nagaland | Yes |
| Odisha | No |
| Punjab | Yes |
| Rajasthan | Yes |
| Sikkim | Yes |
| Tamil Nadu | No |
| Telangana | No |
| Tripura | Yes |
| Uttarakhand | Yes |
| Uttar Pradesh | Yes |
| West Bengal | Yes |
Stake.com Banned States India
Just as some states have passed laws to legalise gaming, some have also banned online gaming. You need to be aware of the states where Stake is illegal to use. For example, you can not legally use this site in states like Tamil Nadu, Telangana, Odisha, Assam, and Andhra Pradesh.
In 2017, the Telangana government made an amendment to ‘The Telangana Gaming Act’. This amendment banned all forms of gambling and betting in the state. Similarly, in Tamil Nadu, gambling was banned after the Tamil Nadu Prohibition of Online Gambling Act of 2022 was passed.
Is Stake.com Scam or Not?
No, Stake India is not a scam. This is a betting site where you can wager money on sports and gamble using casino games. Since it is a betting site there is a risk of losing money but that does not make the site a scam. When we checked various customer review websites we found that players reported that the betting site has a fast payout process. This means, the money you win can be withdrawn and will be sent to your bank account quickly.
Stake also has a transparent privacy policy which they adhere to. The bookie offers 24/7 customer support for its players. You can contact them anytime you want via email. The bookie is completely licensed and is regulated by the licensing institution. These features demonstrate that Stake is a legitimate online betting site.
Reasons Why Stake.com is Considered Safe in India?
Stake.com is known for its security and safety. It is also one of the top bookmakers in India, having received various licences from prestigious authorities. There are other reasons why this betting site is considered safe in India. These points are mentioned below.
- In India, Stake is licensed and regulated by the Government of Curaçao.
- The games on this site use RNG to make it a fair experience for players.
- It has 256-bit SSL Encryption security.
- The bookie does not sell or misuse your personal information.
- It has an Anti-Money Laundering (AML) policy.
- Stake verifies every customer using the KYC method.
Stake.com Account Verification Procedure
According to Stake India, the bookie reserves the right to ask for identification of players if required. There are four levels of account verifications required by the bookie. Details required in each level are mentioned below.
Level 1: You will need to provide your phone number and email ID to verify yourself.
Level 2: The bookie will accept one of the government-issued ID cards like Aadhar Cards, Driving licences, Voter’s IDs, PAN cards, and passports for self-identification. It will need a copy of plastic ID cards, and paper-printed ID cards are not eligible for account verification.
Level 3: You need to upload your utility bill/bank statement/or any other bill paid to the government, for address verification.
Level 4: To become a level four verified account, you need to upload your salary slips/investment proofs/inheritance/lottery winnings, etc. The idea here is to show proof that you have enough money to bet on Stake India.
Here is how you can verify your Stake account quickly.
- Login to your betting account.
- Go to settings and click on the ‘Verify’ button.
- Level 1 will be already completed as you provided the required details during signup.
- Click on level 2 and upload the required documents.
- Once uploaded the bookie will check it and a symbol saying ‘Verified’ will show up on the page.
- Follow the same method for the remaining two levels.
How to Register an Account on Stake.com India?
The Stake signup process is a two-step process that requires punters to provide their details to register. The whole registration process will take about 30-40 seconds.
Punters can refer below if they are wondering how to sign up for Stake.
- Visit the Stake India website from this page and click on the ‘Register’ button at the top of the page.
- Enter your email address, and choose a unique username with 3-14 characters.
- Next, choose a strong password that combines an uppercase letter, lowercase letter, numbers, and special symbols.
- After that, enter your date of birth in the given field.
- You can also add a Stake promo code or a promo code at this stage.
- Click the ‘Continue’ button at the bottom of the page. The second part of the Stake bet sign-up app will open, and you will need to read the terms and conditions.
- Scroll down, and then click on the consent box stating that you agree with them and are over 18.
- Once that is completed, tap the ‘Play Now’ button to get started with your new account.
Stake.com Promo Code India: Claim a 200% Bonus of Up To ₹50,000
New players on Stake.com can claim a 200% sports welcome bonus. The maximum you can win using this bonus is ₹50,000. To claim this welcome offer, deposit ₹500 or more as your first deposit after signing up. You will also need to enter a promo code.
Enter the ‘SUPERBOOST’ promo code when you sign up to get this welcome bonus. Once you make your first deposit the bonus will take a day or two to get credited to your betting wallet. Therefore, players are advised not to wager away their deposit until the bonus amount is deposited.
The 200% sports welcome bonus comes with a 40x wagering requirement. You can check your rollover progression on the VIP tab. This Stake bonus is applicable once per player. Alt accounts and multiple accounts will not be eligible for this bonus.
Claiming your Promo Code Welcome Bonus
If you want the Stake sports welcome bonus, you need to make a qualifying deposit of ₹500 as your first deposit. You can get up to ₹50,000 in bonus money by using the promo code. The complete process is explained below.
- Visit Stake.com from this website and then click on the register button.
- Complete the Stake bet sign-up app process and make sure you enter the promo code ‘SUPERBOOST’.
- Go to the profile and click on the wallet.
- Choose the deposit option and then enter an amount equal to or greater than ₹500.
- Select a payment method and complete the payment.
- Once the payment is complete, the bonus will be activated, and the amount will be deposited into your account.
How to Deposit and Withdraw the Funds Securely on Stake.com India?
After completing account registration in India, you must deposit money to enjoy real bets on this site. To facilitate deposits, Stake India offers various local and international deposit methods. Below, we have listed all the top payment methods this online cricket betting site offers.
- Bank Transfer
- MuchBetter
- UPI
- PhonePe
- BHIM
- Gpay
- Paytm
- BTC
- LTC
- ETH
- BCH
- DOGE
- XRP
- TRX
- EOS
- BNB, and more.
To deposit money on Stake, you may follow the steps we provide below.
- Visit the Stake India website from this page.
- Now click the register button to initiate the Stake account registration India process.
- Complete the signup process and then go to the profile section.
- Click on the wallet option and choose the deposit.
- Now, enter an amount and choose a deposit method.
- Complete the translation to deposit money into your betting account.
Is it Legal to Use the Stake.com App?
Yes, it is completely legal to use Stake.Com on your mobile device. The bookie is established in Curaçao, which is outside India, so it is an offshore betting site that is legal in India. The Indian gambling laws also do not restrict any online betting site in India. As long as you live in an Indian state where betting and gambling are specifically banned, you can use this betting site on mobile devices legally.
How to Download the Stake.com App
The fun of betting on sports with Stake can be doubled when you play on your mobile. When you log into your Stake account on mobile, you can enjoy the same betting markets and casino games as the website. To enjoy sports betting while you relax on your couch away from your bulky PC, follow the steps below.
- Use your Android or iOS mobile device.
- Go to any web browser like Chrome, Opera, Brave, etc.
- Type in ‘Stake.Com’ in the search bar and access the betting site on mobile.
- Now, log into your account and enjoy sports betting.
Stake India does not have a betting app yet. The bookie may add this feature soon. Until then, you can try some of the best betting apps in India here. Also, Stake betting site is quite responsive and easy to use on mobile devices. This is because they have used HTML5 technology to build their website, which makes it compatible with any mobile device, including tablets.
Which other Betting Apps are Legal in India?
Including Stake.com the following betting apps are legal in India and are quite popular:
- Parimatch
- 10Cric
- Dafabet
- Melbet
- Casino Days
- Megapari
- Big Boost
Conclusion
Stake India is a reputed and completely licensed bookmaker. Punters sign up on this site for its sports and casino features, and you can bet on plenty of sports markets on this platform.
The bookie also provides live chat assistance to the punters 24//7. There is also a forum for players to socialize and chat about their betting streaks, winnings, and more. You can access how-to guides in the blog section of this bookie.
To avail of all these features, you must complete the Stake bet sign-up process. You can also claim a 200% welcome bonus up to ₹ 50,000 by depositing ₹ 500 and using the promo code ‘SUPERBOOST’.
Frequently asked questions on Stake.com legality
Q1. Is Stake.com safe?
Yes, the Stake bookmaker is completely safe to use. The bookie is licensed with Curacao eGaming License and is regulated by the Government of Curacao. It is secured using 256-bit SSL encryption.
Q2. How do you sign up on the Stake app?
There is no Stake app available at the time of writing. But you can use this betting site on a mobile web browser. To sign up for betting apps in India like this one, access the site on mobile and follow the registration process.
Q3. Do I need a government-issued ID for signing up at Stake India?
No, government-issued ID cards are not mandatory for the signup process at Stake India. However, the bookie will ask you to provide some identification to verify your account.
Q4. Will I be scammed if I deposit money on Stake?
No, you will not be scammed by depositing money on Stake. You can withdraw your money anytime you want if you complete all the security checks and wagering requirements. The casino games and sports betting markets on this site are all legitimate.
Copyright © 2024 Completesports.com All rights reserved. The information contained in Completesports.com may not be published, broadcast, rewritten, or redistributed without the prior written authority of Completesports.com.
COMMENTS