Stake Brazil is included among the approved sportsbooks
Stake Brazil Ltda has been officially included in the Ministry of Finance’s list of authorized betting operators, allowing the casino to operate legally in the country. However, despite this approval, Stake Casino remains on our blacklist due to unethical practices, such as distributing "candy wrappers" (worthless incentives) via popular streamers to mislead and entice players.
As part of its expansion plan in Brazil, Stake will open an office in São Paulo, hiring a country manager to oversee operations. The company already has partnerships with local organizations, such as the Série A football team Juventude and the UFC in Brazil, which features prominent fighters like Alex Pereira and Alexandre Pantoja.
Internationally, Stake has developed numerous partnerships, including agreements with the UFC in Asia and responsible gambling organizations like BetBlocker. It has also secured exclusive access to Hub88’s game portfolio, which includes titles from over 120 game studios.
However, players should be cautious
Despite its growth and partnerships, Stake has come under fire for unethical promotional practices. Specifically, streamers have been distributing what amounts to "candy wrappers"—promotions that look enticing but offer little to no real value for players. Stake Casino is in our blacklist.
Linked materials
While Brazil’s regulated online gaming market is set to officially launch on January 1, 2025, Stake’s questionable practices overshadow its legal status in the country. We continue to advise against using this platform due to its misleading promotions.
For land-based gambling enthusiasts, Stake’s approval comes as Brazil prepares for a new era of online betting. But remember, Stake’s tactics have already raised red flags in several regions, and players should proceed with caution.
Additionally, Stake has been involved in partnerships outside of Brazil, including as a title sponsor of the Sauber racing team. However, this sponsorship has faced hurdles in regions where Stake is not licensed, such as the Dutch Grand Prix in Zandvoort, where authorities requested that the team refrain from promoting Stake during the race.
With more than 90 operators already authorized to operate during Brazil's betting transition period, Stake may be a big player, but its shady practices should make players think twice before joining.
EdwardsPatricia2 Come on, Bonanza is really the best, it has saved my bank many times. If it weren't for it, I would have been sitting in the red for a long time. But the music is already boring, it's really annoying, I always turn it off.
CunningHawk People have so much free time - to lose at the casino, watch streams and go to work to earn money for the casino. Amazing.
LisaTheTrustworthy Fallsview is total crap! I was there, queues everywhere, the staff is rude. And the prices in the restaurant are just outrageous! I don't recommend it to anyone.
CharlesThomas No surprise here—gambling keeps breaking records because it’s everywhere now. From online casinos to sports betting, it feels like everyone’s cashing in except the players!
dorothycarter4t It’s always the same story—big money talks, and everyone else suffers. Gambling ads flood every sporting event, and now the government can’t even agree on basic reforms? Disappointing but not surprising.
BettyTheBrilliant While the levy is a step in the right direction for tackling gambling harms, we need to make sure operators don’t just pass the cost onto players by lowering RTPs. It should be a win-win for both the industry and consumers.
AdamsJennifer Finally, a use for all those meme coins I bought on a whim! Turning them into USDT and hitting the slots at BitStarz sounds like a win-win to me.
HelenTheKindhearted 4Kasino and Betcoin seem to keep up the standards, but Sportaza and Dream.Bet in the blacklist? These scammers are at it again.
AllenBetty9 You look at everything so seriously. Well, streamers are streamers, what's there to worry about, there are thousands of them
BrianTheZealous Come on, seriously? I've been playing their slots for 3 years now, I would never have thought that they had such a dark past. And now they are truly one of the best providers.
CharlesTheSpirited Wildz hosting an esports tournament feels like a sneaky way to market their casino to younger audiences. Reduced RTP rates and now targeting gamers? Hard pass for me. Thanks for the heads-up about this shady tactic!
CarolTheCunning I was so excited when I heard about The Walking Dead slot, but if the RTP isn’t fair, what’s the point? Fans deserve better than flashy branding with poor payouts.
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How can big names like UFC and Sauber continue to partner with Stake after these scams? It’s really disappointing to see reputable brands aligning with such practices.
It’s good Brazil is regulating online casinos, but Stake’s involvement with candy wrapper promotions should be a red flag for everyone. Players need to be cautious.
They may be legal now in Brazil, but the fact that they're on the blacklist speaks volumes. Just because they're licensed doesn't mean they’re trustworthy.
I've seen those streamers push Stake hard, but most of the bonuses are worthless. Glad to see it's getting called out. Stay away from this one, folks!
I can't believe Stake is still being endorsed by sports teams after all the unethical stuff they've done. Players deserve better transparency from these casinos.