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
- Canadian Betting Markets
- Best Value for eSports
- Competitive Odds
19+. Gambling can be addictive. Please play responsibly.
- Live Streaming
- Comprehensive Cash Out
- Great Betting Markets
- Award-Winning App
19+. Gambling can be addictive. Please play responsibly.
- 3000+ Games
- Excellent Live Games
What Is Stake Casino?
Stake Casino is a crypto-friendly betting site founded in 2007. It also has a casino and an eSports betting section.
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 crypto site has its downside as well, with the biggest limitation being:
- Payment methods limited to crypto.
Stake Casino is also 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?
Unlike brands like Sports Interaction or LeoVegas which have an iGO licence, Stake operates in the country as an overseas operator under the Curacao eGaming license. This means that Stake.com is an operator without an official license in Canada.
This is why we don’t recommend you sign up to Stake Casino and wait till it gets a license in Canada.
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 fully legal for 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, and it’s not the only one. More betting operators, such as PowerPlay and Betano also have their eye on the newly-legalized market.
While we wait for them to become fully legal, there are a variety of alternatives already licensed and regulated in Ontario.
Why do We Recommend These Operators?
Apart from being legal in Ontario, many of these brands such as LeoVegas and PlayOJO are available in other provinces as well.
They have up to 3000+ games to choose from and are completely safe, which is why they’re great alternatives to unregulated operators.
- Award-Winning App
19+. Gambling can be addictive. Please play responsibly.
- 3000+ Games
- Competitive Odds
19+. Gambling can be addictive. Please play responsibly.
- Excellent Live Games
- Live Streaming
- Best Value for eSports
- Canadian Betting Markets
- Comprehensive Cash Out
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.
FAQs
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.
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.
