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Is Stake.com Legal in Canada?

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Golam Moktadir
Last Updated on 17/02/2024

Stake.com, a popular online bookmaker and casino games platform, has been generating a lot of buzz in the Canadian gambling scene. However, many are left wondering about its legality within the country. The question is: Is Stake.com legal in Canada?

Understanding Stake.com’s Legality

Let’s delve into the details of Stake.com’s legality in Canada.

Government of Curacao License

Stake.com operates under a license granted by the government of Curacao1. This licensing authority is internationally recognized and provides licenses to numerous online casino and sportsbook operators. The Curacao license is famous for its rigorous requirements, including regular audits of the games’ fairness and financial transactions.

The license from Curacao allows Stake.com to operate internationally. This means that unless there are specific prohibitions from a country’s laws, residents of that country can legally use the platform.

Canadian Gambling Laws

In Canada, gambling laws are primarily regulated by each province. The federal government has largely left it up to the provinces to decide their own rules regarding online gambling.

There are no explicit laws at the federal level in Canada that prohibit residents from using international online gambling platforms like Stake.com. Therefore, unless a particular province has specific rules against it, Canadians can generally use such platforms.

It’s essential to note that while online gambling may be permitted, advertising for foreign gambling sites might not be. This is why you don’t often see ads for sites like Stake.com on Canadian television or other media.

However, Stake.com doesn’t currently hold an iGO (Internet Gaming Operator) license. An iGO license is typically issued by a Canadian provincial regulatory body and signifies that the operator complies with the province’s regulatory requirements. Operators with an iGO license are considered entirely legal and safe for residents of that province to use. Except for Ontario, Stake.com is legal in Canada.

In short, while Stake.com operates legally on an international scale, thanks to its Curacao license, its legality within Canada is nuanced due to the country’s provincial approach to gambling regulation.

Stake.com’s Move to Ontario

Despite its global legality, Stake.com had not been legally operating in all parts of Canada. Specifically, it was not legal in the province of Ontario. However, recent developments reveal that Stake.com will soon be entering Ontario’s regulated market. It plans to continue its operations under a new Canadian licensed and regulated website, stake.ca.

Conclusion

In conclusion, Stake.com is legal in Canada and offers a wide range of online gambling options to Canadian residents. With its upcoming expansion into Ontario, it seems Stake.com is set to become even more popular among Canadian online gamblers. Always remember to gamble responsibly and ensure you are fully aware of the rules and regulations in your jurisdiction.

💫 What is Stake.com?

Stake.com is an Australian-Curaçaoan online casino operated by Medium Rare NV, a company incorporated in Curaçao where it holds an online casino license. The platform was founded in 2017 and has since become a worldwide leader in crypto gambling, offering a plethora of online casino games and sports betting services.

Stake.com is known for its unbeatable crypto casino and sports betting online experience. It accepts deposits in multiple cryptocurrencies and provides users with a variety of games to choose from. In addition to traditional casino games, Stake.com also offers live dealer tables.

💰 How do I withdraw money from Stake Canada?

Withdrawing money from Stake in Canada is a straightforward process. Here’s a step-by-step guide on how to do it:

  • Login to your Stake.com account.
  • Go to ‘Wallet’ and click on ‘Withdraw.’
  • Choose your withdrawal method (cryptocurrency or bank transfer).
  • Enter the destination address (for crypto) or select the receiving bank account (for cash).
  • Input the amount you wish to withdraw.
  • Confirm the details and proceed with the withdrawal.

Remember, withdrawals can only be made to accounts in your name and may take 1-2 business days. Additional verification may be required.

🎯 Can Ontario residents use Stake.com?

Currently, Ontario residents can’t use stake.com. Stake.com is set to enter Ontario’s regulated market soon and will operate under a new Canadian licensed and regulated site, Stake.ca.

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