Is Stake Legal in India? (2024)
To establish whether Stake is legal in India or not, we take a look at the relevant gambling licence, customer support, safety measures and more.
Short Answer
Is Stake legal? Yes, as of December 2024, Stake is legal and not banned in India. The platform operates offshore and has a valid certificate of operation (OGL/2024/1451/0918) from the Curaçao Gaming Control Board.
Online gambling in India exists in a legal grey area, permitting Indians to gamble on offshore sites that are legal in their own countries. Stake also allows deposits, gameplay, and withdrawals in Indian rupees, so it doesn't violate the Foreign Exchange Management Act (FEMA).
In which Indian states is Stake illegal?
Below, we put together a list of Indian states and whether Stake.com is illegal or legal in each state.
| Indian States | Is Stake Legal? |
|---|---|
| Andhra Pradesh | No |
| Arunachal Pradesh | Yes |
| Assam | Yes |
| Bihar | Yes |
| Chhattisgarh | No |
| Goa | Yes |
| Gujarat | Yes |
| Haryana | Yes |
| Himachal Pradesh | Yes |
| Jharkhand | Yes |
| Karnataka | No |
| Kerala | Yes |
| Madhya Pradesh | Yes |
| Maharashtra | Yes |
| Manipur | Yes |
| Meghalaya | Yes |
| Mizoram | Yes |
| Nagaland | No |
| Odisha | Yes |
| Punjab | Yes |
| Rajasthan | Yes |
| Sikkim | Yes |
| Tamil Nadu | No |
| Telangana | No |
| Tripura | Yes |
| Uttar Pradesh | Yes |
| Uttarakhand | Yes |
| West Bengal | Yes |
The above table was updated in December 2024.
Licence and Safety at Stake
The short answer is that Stake is both legal as well as legit in India, but it's also true that some punters might be hesitant about signing up still. After all, betting sites - especially in unregulated markets - tend to have a subpar reputation.
As an experienced punter and player myself, I have understood over time that certain aspects separate the good from the bad, so I will highlight three of these for Stake below.
🔒 Licence & Compliance
According to the legal statement in the site's footer, Medium Rare N.V. operates Stake, which is regulated by the Curaçao Gaming Control Board (GCB). The betting site used to operate under the Antillephone Licence (8048/JAZ), but after the regulatory changes to the country's gambling laws, it is now in the process of receiving a new licence from the GCB.
Until Stake's licence application (OGL/2024/1451/0918) is concluded, the company can continue its operations under the valid certificate of operation. Compliance management is handled by Xecutive Corporate Management B.V. (XCM), now known as XNEXT. Below are images of Stake's licence and certifications.
Legal Statement
GCB Certificate
XNEXT Certificate
🎰 Provably Fair Gambling
Provably fair is a system used in online gaming to ensure that game outcomes are fair and transparent. It allows players to verify that the results are genuinely random and not manipulated by the casino. This is achieved through algorithms that use cryptographic techniques to generate random results that can be checked by anyone.
All Stake Originals games use provably fair algorithms. Players can verify the fairness of these games directly on the Stake website or through third-party websites. These third-party sites have also open-sourced the verification process, making the details of verifying fairness available to everyone. This openness ensures that players can confidently trust the games they are playing.
🤝 Crypto Gambling Foundation
Stake is a verified operator on the Crypto Gambling Foundation (CGF) network. CGF upholds the highest standards of provably fair gambling, ensuring transparency and fairness via verifiable algorithms. It fosters industry growth by promoting best practices, privacy, and responsible gambling.
Customer Support at Stake
Below, we have collected the customer support options for punters who decided to sign up for Stake in India. Live chat is offered, which is great, and it is available 24/7.
| 📱 Live Chat | Yes |
|---|---|
| ✉️ Email | [email protected] |
| ⏰ Opening Hours | 24/7 |
Join Stake Today and Claim Bonuses
| Operator | Welcome offer | Bonus code | Bet Now |
|---|---|---|---|
 | Welcome offer Weekly Raffles to Win $75,000 for 15 Players and More! | No code required | Bet Now |
| | Welcome offer Daily Races to Win $100,000 for 5,000 Players and More! | No code required | Bet Now |
Stake Age Requirement
Stake requires users to be at the age of 18 or above or the legal age of majority in the users' jurisdiction, as stated in their terms of service.
4.4 All applicants must be 18 or such other legal age of majority as determined by any laws which are applicable to you, whichever age is greater or older. Stake reserves the right to ask for proof of age from any Player and suspend their Stake Account until satisfactory documentation is provided. Stake takes its responsibilities in respect of underage and responsible gambling very seriously.
Terms of Service - Read T&C's Online at Stake.com
Is Stake App Legal in India?
Yes, the Stake app is legal in India for the same reasons why Stake is legal. Regardless of whether it is a website or app, Stake.com is legal to play in India. The app operates under the same conditions, licence and regulations as the Stake web version.
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Yusaku is an editor and fact-checker at BettingGuide India. He has worked for a few online casino operators in customer support, management and marketing roles since 2020. His few years of hands-on experience in casino operation and expertise in the iGaming industry help see through the qualities of online gambling sites and create honest reviews. If you have any questions about online gambling in India, please feel free to contact him.