Is Stake.com a Good Gambling Website? Gambling911.com Trusted Review

Written by:
B.E.Delmer
Published on:
Jul/08/2024

Stake.com is one of the most popular gambling websites in Canada today.  The site is currently not available for real money betting in the USA.  Alternatives include sites such as BetUS (Gambling911.com endorsed and a proud member of the G911 family since 2006).  Gambling911.com is the world's most respected watchdog website for this gambling industry.  Unlike most other "reviews" you will find on the internet, this one is NOT paid for.  We cite all sources below.

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Stake.com Pros

Forget all those affiliate websites pushing this brand for a moment.  These sites make a killing by sending readers through their links so they can collect off your losses.  It's a great business model but not one that we here at Gambling911.com engage in (all advertisements and some links on this site are paid for flat fee, one of the only industry sites that utilizes this model). 

Stake.com does have its own Wikipedia page and the site is often referred to as just Stake.  Though quite popular in Canada, the site is actually Australian-Curaçaoan. It is operated by Medium Rare NV, a company incorporated in Curaçao where it holds an online casino licence. It is a global company with offices in Serbia, Australia and Cyprus.

It was founded in 2016 by Ed Craven and Bijan Tehrani established Easygo, a company which developed games for online casinos. The two helped create Stake, which was founded in 2017.  The company is promoted by recording artist Drake and it is closely aligned with the popular streaming platform Kick.com.  Stake's founders, Craven and Tehrani, launched Kick as a competitor to Amazon's Twitch.

In 2022, Stake.com began accepting customers from the U.S. via a sweepstakes platform and through the website Stake.us whereby customers instead play using Gold Coins and Stake Cash.  It is considered a social casino site.

In order to claim cash prizes,  you’ll want to play using Stake Cash (SCs). SCs are redeemable as crypto prizes once you meet the minimum redemption requirements.  The site allows for prize redemptions.

Needless-to-say, this model is not for everyone.

Stake.us is not available in the following states:

    Washington
    New York
    Nevada
    Idaho
    Kentucky
    Michigan
    Vermont

  • Live 24/7 chat
  • The site supports 20 cryptocurrencies, from Bitcoin to Polygon. Other cryptocurrencies are Ethereum, Litecoin, Dogecoin, Ripple, and Tether, but you can check out a full list in our payments section.
  • Though Stake Casino does not support deposits via credit card, one can can use a credit card to purchase crypto directly from the casino website. (Ask Gamblers)
  • Stake offers fast deposits (on average 1 minute) and even faster withdrawals. (TrustPilot)
  • Easy ID submission verification process (TrustPilot)
  • Easy site to navigate (TrustPilot)
  • Live dealer casino available.
  • Good variety of casino games.
  • Generous bonus offers.
  • In-house designed games (Casinomeister)
  • No withdrawal limits (Casinomeister)

Stake.com Cons

Casinomeister Warning: "Stake Casino could be a market leader in the crypto gambling niche since this online casino and sports betting platform caters to players from all over the world. Unfortunately, they are unable to chew gum and walk at the same time. They were placed in the Warning Section of our forum since they have serious internal problems dealing with customer complaints.  Also their player KYC and Responsible Gaming seems to be a bit weak."

Casinomeister has been around longer than Gambling911.com, around 30 years on the Net, and is highly regarded in the casino community.

Casinomeister features a breakdown of reader complaints against Stake.com.

Casinomeister also claims Stake does not carry out sufficient enough Know Your Customer (KYC) checks.  This is somewhat common, however, with crypto casinos overall. 

  • Stake is not available to those in the U.S. for real money play.
  • No sports betting in the U.S.
  • Some state restrictions (see above).
  • Stake Casino does not support deposits via credit card.
  • Some players have reported failed attempts when trying to make deposits (TrustPilot)
  • Limiting players and requiring high (in some cases 40x) rollovers.

"I have 1500$ x 40 to clear. Now my bets are limited between 0-25$ motsly. Thats makes 3000 different bets. Cmon Stake.. this can be serious. And it seems pretty unfair to me. Even if their TOS stated being limited is possible and bla bla.. Did you faced similar issue with them? What would you do?" (SportsBookReview)

  • Social prize platform is not for everybody's tastes.
  • Limited wins.

"I’ve played many online casinos and stake.us is the absolute worst one I’ve ever seen. It’s almost comical how many times you can spin a slot on there and not win a single thing. Hell, you can’t even win anything with the free gold coins or whatever they call them. Even if you buy the free spins, most of the time you never win your wager back." (Reddit)

"I play bovada, betus and they are up and down. I’ve been playing stake this week and absolutely getting destroyed, all down no ups. Curious to know if anyone has actually won anything on this site. And I mean getting hammered." (Reddit)

On September 4, 2023, over US$41 million in funds was stolen from one of the company's Ethereum wallets in an apparent hack.The Federal Bureau of Investigation attributed the hack to North Korea's Lazarus Group.

Send us your experience with Flush.com here and we will consider it for future publication.

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