HomeGambling IndustryCryptocurrency gaming platform Stake.com now live in the UK, but without crypto support

Cryptocurrency gaming platform Stake.com now live in the UK, but without crypto support

3 min. read

Stake, one of the most rapidly-growing cryptocurrency betting and gaming operators in the world, has ramped up global expansion with the launch of www.stake.uk.com, a UK-licensed website.

Stake launched in 2017 and now processes over 30 billion bets annually. This includes handling five percent global Bitcoin transactions and ten percent global Dogecoin transaction transactions.

This site was launched in partnership with TGP Europe and is licensed by the UK Gambling Commission. TGP will provide the UK platform with a wide range of gambling products such as casino, sportsbook and gaming products.

Stake.com, which is also the principal sponsor to Watford FC, will launch with a range of exclusive markets and propositions that cover entertainment, political and major eSports markets.

Stake's UK offer will include a variety responsible gambling tools. These include systems that allow customers to set deposit limits, take withdrawals and self-exclude. Stake is a confirmed member of the Crypto Gambling Foundation. This means that they meet their fairness, transparency and accountability requirements.

Stake's UK service will not accept cryptocurrency payments. All fiat currency transactions must be processed in accordance with UK licensing rules.

Stake announced a club-record partnership for Watford FC's 2021-22 season. The result was Shiba Inu gracing the club's shirt sleeves for its first time.

Stake has launched a UK-exclusive promotion called Stakex Watford First goal Payout. This means that if the Hornets win any Premier League game, Stake will pay out all bets.

Dominic Rae, Stake's Sponsorships Manager, said, "Following a successful launch, our UK-facing and licensed website stake.uk.com is now live, offering sportsbook, casino and gaming products to the UK."

He added, "Customers will have access to a range of sportsbook markets including odds coverage of unique betting events in esports as well as a full suite of responsible gambling tools, designed to offer a safe and entertaining experience to all customers."

According to the Stake.com website public information, Stake is owned by Medium Rare NV, a Curaçao company. Since 2017, the brand has been operating under its Curaçao license. However, Stake.com appears to have Australian roots. According to The Age and the Sydney Morning Herald, the brand is actually the product of Easygo Gaming out of Melbourne.

Image source: Unsplash.com

16 Dec 2021
3 min. read
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