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Stake Casino Canada Might Enter Ontario's Regulated Market

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?

Stake Casino is a crypto-friendly betting site founded in 2007. It also has a casino and an eSports betting section.

Stake Casino Lobby
Stake Casino Lobby

Stake Casino Overview

Good News!

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.

Stake Casino and Drake
Stake and Drake Partnership

The partnership with Toronto hip hop king seems like a timely engagement, especially at such a crucial moment for gambling in Canada.

Stake's Official Partners
Stake’s Official Partners

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.

You Should Know!

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.

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.

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

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.

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.

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.

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.

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