Stake Casino Canada Might Enter Ontario's Regulated Market
Ontario is the first province to launch a regulated gambling market, attracting the attention of popular and emerging operators in the market, and Stake Online Casino is rumoured to be among them, too.
This page contains everything you need to know concerning Stake’s possible entrance into the Canadian regulated market.
Read on to learn about Stake.com, possible changes should it launch in Ontario, and alternative operators in the market.
Popular Stake Casino Alternatives
What Is Stake Casino?
Founded in 2017, Stake Casino is a crypto-friendly betting site with unparalleled sportsbook, casino, and eSports betting sections.
The casino section features exciting games from top developers in the industry and custom casino titles known as Stake Originals.
Stake Casino Overview
The site accepts a variety of cryptocurrencies including Bitcoin, Litecoin, Ethereum and Tron, among others.
Most interestingly, they have a new function that enables users to buy cryptocurrencies directly from the website using traditional fiat currencies.
This means that you don’t need a different crypto account to enjoy the gambling experience at Stake.com.
Other great Stake casino features include:
- Customer support in multiple languages.
- 2000+ casino games.
- Community chats in multiple languages.
- Two-factor authentication.
- Great user reviews across gambling forums.
This crypto site has its downside as well, with the biggest limitation being:
- Payment methods limited to crypto.
However, the drawback shouldn’t hold back players from joining the platform as Stake is committed to offering good value for your money through good odds and an above-average house advantage on Stake Originals.
It’s worth noting that some games boast as high as 99% RTP.
Another factor that makes players ignore these limitations is Stake’s instant deposits and withdrawals.
Additionally, Stake Casino is committed to associating and working with young and energetic brand ambassadors, with Drake recently becoming its official spokesperson.
The partnership with Toronto hip hop king seems like a timely engagement, especially at such a crucial moment for gambling in Canada.
The brand is also known for working with several popular UFC players, such as Francis Ngannou, Alexa Grasso and Marlon Vera, renowned footballer Kun Aguero, and is the sponsor of Watford FC.
Is Stake Casino Legal in Canada?
Currently, Stake.com accepts Canadian bettors. However, unlike Bet365 which has an iGO licence, Stake operates in the country as an overseas operator under the Curacao eGaming license.
This doesn’t make Stake Casino illegal but implies that it operates without a valid Ontario license.
With Ontario now open to accepting private operators in its regulated market, it’s possible that the brand will soon become fully regulated in Ontario.
The brand is rumoured to have applied for an Ontario gambling license, so we’ll keep an eye on any developments and news and keep you updated.
Will Stake Casino be Available in Other Provinces?
Ontario is currently the only province that has opened the market to private gambling operators.
So if approved, Stake Casino will only be available to players in the province.
Gambling and betting enthusiasts in other provinces will probably have to wait a while longer.
However, with Ontario leading the way, more provinces are expected to follow suit though this may not be coming soon.
Licensed Alternatives to Stake Casino
Stake Casino is allegedly awaiting its Ontario license, but there are a variety of alternatives already licensed and regulated in Ontario.
Some of the top brands available for Ontarians include:
Will There Be Any Changes to Stake Casino?
With the brand entering a newly regulated market, Stake Casino Canada may be different from the offshore site.
We expect a few things to change, though most of the main features may remain untouched, so that players will have their share of excitement.
Will Cryptocurrencies still be accepted at Stake?
The site may not accept cryptos in regulated provinces, as the current AGCO provisions don’t recognize cryptocurrency as a legal tender.
The website is likely to launch with fiat on banking options similar to other regulated countries like the UK.
Nevertheless, it’s unclear whether this will apply to users in unregulated provinces in Canada.
Will Stake still offer esports bets?
Yes, eSports is another major feature at Stake.com that will remain unchanged as Ontario regulations don’t have restrictions on the eSports betting markets.
The regulator supports eSports, so Ontarians should expect to enjoy the same at Stake.com.
Can I still play all my favourite games at Stake online Casino?
Though players will still have a decent variety of games to choose from, it’s uncertain whether all the games will be available.
Stake Originals are crypto-bound and may be discontinued in Ontario.
It’s also unclear whether Stake Originals will be available to players in other Canadian provinces.
I already have a Stake account, what will happen to it?
If you already have an existing Stake account there may be uncertainty surrounding its status.
We recommend you contact Stake’s customer service for guidance and keep checking your inbox, and the notification box for any updates.
Will the minimum deposit amount be affected?
Likely. The current minimum deposit is any crypto worth $5, but this may change without cryptocurrencies among the options.
The minimum deposit cap will highly depend on fiat payment provider support at Stake Casino Ontario.