Stake Brazil is included among the approved sportsbooks

Stake Brazil Ltda has been officially included in the Ministry of Finance's list of authorised 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 organisations, 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 organisations 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.

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 authorised 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.