Is Stake Legal in India? (2024)

🔒 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.

🎰 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.