Is Stake Legal or Banned in India? (2024)

Yes, Stake is legal and not banned in India. The platform operates offshore with a valid licence from the Curaçao gaming authority.

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).

Stake India Quick Facts

Stake India
Stake India Weekly Raffles to Win $75,000 for 15 Players and More!
  • Accepts 20+ cryptocurrencies & Indian rupees
  • Probably Fair concept that gurantees fairness
  • User-friendly high odds and low margins for cricket betting

Stake India is an online casino and betting platform that supports 20+ cryptocurrencies and fiat currencies, including Indian rupees through UPI. Established in 2017 and regulated by the Curaçao gaming authority, Stake has become popular due to its unique player community, where users can interact through various engaging features.

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Written by Yusaku
Verified by BettingGuide team
Last updated 17/7/2024
Is Stake Legal in India

Learn in which states in India you can play Stake legally!

Table of Contents

Is Stake Banned in India?

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Yusaku Editor

No, Stake is not banned in India as of October 2024. However, some Indian states, like Andhra Pradesh and Telangana, have banned online gambling outright.

For further clarification, we have compiled a list of Indian states where Stake is banned later on this page.

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 is updated in October 2024.

Is Stake Legit?

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Yusaku Editor

Yes, Stake is legit. There are a few good points to prove Stake's legitimacy:

  • Stake is licenced and regulated by the Curaçao gambling authority.
  • Stake is partnered with the Crypto Gambling Foundation (CFG).
  • Stake promotes Probably Fair.

Stake Gambling Licence & Compliance

According to the legal statement in the site's footer, Medium Rare N.V. operates the Stake website, which is regulated by the Curaçao gaming authority under the Antillephone Licence (8048/JAZ). Compliance management is handled by Xecutive Corporate Management B.V. (XCM), now known as XNEXT. To verify the legitimacy of the licence and XCM validation, click the orange licence logo and the green XNEXT logo in the footer.

Below are the snippets of Stake's licence certifications.

Stake Legal Statement
Stake Curacao Licence
Stake XCM Validation

Crypto Gambling Foundation & Stake.com

Stake.com 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.

What is Probably Fair at Stake?

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.

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 under age 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.

Summary - Stake.com is Legal to Play in India

To conclude, Stake.com is legal in India because it fits the criteria of an offshore operator licensed and regulated by the local gaming authority of their location. Playing at Stake doesn't violate the FEMA, either, as users can deposit, play games, and withdraw money using Indian rupees on this platform. To learn more about games and payment methods, visit our Stake review page.

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Weekly Raffles to Win $75,000 for 15 Players and More!
Unified Payments Interface (UPI) Accepts UPI
  • Accepts 20+ cryptocurrencies & Indian rupees
  • Probably Fair concept that gurantees fairness
  • User-friendly high odds and low margins for cricket betting
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Yusaku
Yusaku
Last updated: 17/7/2024

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.