Topic: Stake - Lawsuit, Breach of TOS, Refund of Net Losses and Nonexistent Compliance (Read 52 times)

@AHOYBRAUSE, your desperate attempts to mock and silence victims only expose your allegiance to the real villains—Eddie and his crew. Let’s set the record straight: you’re nothing but a pawn in Stake’s larger game of deception.

@All Stake Victims, don’t let these puppets distract you from the truth. Here’s what’s really happening:

Eddie, Holy, and every affiliate or shill defending Stake: Your days of exploiting players are numbered. Every victim’s story adds fuel to the fire, and this community is growing stronger by the day. No amount of trolling, mocking, or deflection will save you from accountability.

Victims unite! Together, we will expose the truth and ensure justice is served.

Thank you for your input, though much of it seems to misinterpret or ignore the key points I raised. Allow me to address some of your statements directly:

“Seems like you have a history of problems with casinos.”
Speculative and irrelevant. Whether or not I’ve had previous experiences with casinos does not diminish the responsibility of a platform to operate within the bounds of the law.

“You lost money and now it’s the casino’s fault because you weren’t supposed to be allowed to play there?”
Precisely. If a platform operates in a restricted jurisdiction, it is their responsibility to block registrations from such regions. Stake.com allowed me to register, verified my information (KYC Level 1), accepted my deposits, and let me gamble for years. They only cited the “restricted territory” excuse after I completed further verification and lost significant money. Their negligence in enforcing their own Terms of Service and compliance with Swiss gambling laws is a key issue here.

“What if you had won, would you be here crying as well now?”
This is a common deflection used to shift blame. The fact remains that Stake.com would likely have refused to pay out any significant winnings under the same “restricted territory” excuse they now use to justify suspending my account. This highlights a systematic flaw in their operations—they take deposits but hide behind their Terms when payouts become inconvenient.

“Platinum 3 doesn’t require significant gambling activity. You can get this after $1 million wagered already.”
It’s remarkable how casually you dismiss $1 million in wagers as “insignificant.” For context, that figure reflects extensive gambling activity and underscores how much money the platform allowed me to spend while knowing I was in a restricted country.

“Nobody forced you to play there. You did this of your own free will.”
This is not about personal choice; it’s about a platform knowingly operating in a jurisdiction where they are prohibited, profiting from Swiss players, and failing to comply with legal or ethical standards. The fact that they allowed me to register, deposit, and gamble is a violation of Swiss gambling laws, regardless of my intent.

“By the way, when you register, you agree to the TOS.”
Contracts formed under illegal circumstances are null and void under Swiss law. Since Stake.com is unlicensed and barred from operating in Switzerland, their TOS holds no legal weight in this context.

“Level 1 KYC is not real KYC. You can enter an address on the moon if you like.”
This argument is self-defeating. If Level 1 KYC is so meaningless, why is it part of the registration process? The fact remains that Stake.com accepted my Swiss address, verified it, and allowed me to gamble despite claiming now that Swiss users are restricted. If KYC Level 2 is the only “real” verification, why did they wait until after I had lost significant money to enforce it?

“Maybe you acted against the law as well.”
My actions are not the focus here. The Swiss government has explicitly banned platforms like Stake.com, placing the responsibility for compliance on the operators, not individual players. As for your suggestion about how I used unemployment insurance funds—irrelevant and unnecessarily personal.

“Losing $40k and only wagering $1 million says a lot about how bad you are at this.”
This is not a conversation about my gambling skills. It is about a platform violating laws, exploiting players, and profiting unjustly.

It’s clear that many will view this post through a lens of skepticism or hostility, as you have. However, my intent is not to “free roll” or avoid responsibility but to hold Stake.com accountable for their actions. Their negligence has legal and ethical implications, and I’m exercising my right to address this publicly and through the proper channels.
If you have nothing constructive to add beyond dismissing my case as “hilarious” or “sad,” then your input does little to further the conversation. Let’s focus on the issue at hand: Stake.com’s legal and ethical violations and their failure to operate transparently in restricted jurisdictions like Switzerland.

Seems like you have a history of problems with casinos. 
Anyway, so you lost money and now it's the casino's fault because you weren't supposed to be allowed to play there? Nice try, take a ticket and get in line with all the other clowns trying to free roll a casino, kinda sad. What if you had won, would you be here crying as well now?
Don't waste time crying in this forum, you are at the wrong place for that. And also, seek some help for your addiction.  

By the way, platinum 3 doesn't require significant gambling activity. You get get this after 1 million $ wagered already.

Sure taking people's money from banned regions is questionable, but nobody forced you to play there. You did this on your free will. And by the way, when you register you agree to the TOS of the site, just saying.
I already know the stake hater forum clown and his alt account will come and support this hilarious claim, good luck wasting your time with this out of his mind individual. Maybe you can make a class cation lawsuit with him.  

Also, you might have acted against the law as well. I doubt the money your government gave you ( by the way, get a job ) is supposed to be spent on gambling.
Lastly, level 1 KYC on stake is not real KYC. You can enter an address on the moon if you like. Nobody checks this, the actual KYC starts from level 2, and that's when they correctly acted.

PS: Losing 40k and only wagering 1 million says a lot about how bad you are at this.  

I want to share my experience with Stake.com to bring attention to their actions and the significant legal and public consequences they could face if they fail to address this matter. My goal is not only to highlight their negligence but also to ensure this message reaches as many people as possible in Switzerland and beyond—and potentially initiate a civil lawsuit, supported by the Swiss Federal Gambling Commission (ESBK), and take further criminal action based on unjustified enrichment.

1. How I Discovered Stake.com and Signed Up
I came across Stake.com through a TikTok advertisement, which many users in Switzerland (or elsewhere) may have also seen. It appeared to be a legitimate platform, so I registered with good intentions. As part of the registration process, I completed the KYC Level 1 (Know Your Customer) requirements, providing all necessary personal information, including my name, address, and email, which I also verified.

Once my account was set up, I was allowed to deposit funds and start gambling. Over the course of two years, I played regularly, achieving Platinum 3 status—a level that reflects significant gambling activity.

2. The Bonus Offer and Sudden Account Suspension
After losing a substantial amount of money, I received an email offering a $250 bonus if I completed additional KYC verification (Level 2/3). Trusting the process, I immediately submitted the required documents (including my Swiss ID). However, right after completing this, my account was abruptly suspended, with Stake.com citing that I was accessing the platform from a "restricted territory."

This explanation is baffling because Stake.com knew my location from the moment I registered. They accepted my Swiss address, allowed me to deposit funds, and facilitated my gambling activity. Now, after I’ve lost a significant amount of money, they claim I was in a restricted territory—a justification that is not only unacceptable but also potentially illegal.

Why would they let me play in the first place? If I had won, let’s say $100,000, they would never have paid it out. So how is it acceptable for them to knowingly take deposits from restricted players while turning a blind eye?

I have had small wins and withdrawals to recover some losses. For example, I might deposit $500 and lose it, then deposit $1,000 and lose that as well. Occasionally, I withdrew smaller amounts, such as $600 or $1,000. However, these withdrawals did not even cover my losses, which were substantial. Over time, my losses escalated as my bets increased. My average bet sizes ranged from $2 to $4 in slots and higher amounts in table games.

If I had hit a significant win—such as a 40,000x payout on a slot—they would have flagged the account immediately and refused to pay. Yet, they continued to allow me to deposit and gamble without issue, only stepping in to suspend the account once I had lost a large amount of money.

Even now, I can create a new account with a Swiss address, verify my email, deposit money, and lose it. This shows that Stake.com’s compliance measures are either nonexistent or deliberately lax. Moreover, they have sent me regular promotional emails, effectively indirectly marketing to Swiss players—a clear violation of Swiss law, as outlined in the ESBK lawsuit (see below).

3. Violation of Swiss Gambling Laws
I later discovered that Stake.com is on Switzerland’s blacklist of unlicensed online gambling platforms (ESBK blacklist). Swiss law prohibits unlicensed casinos from operating in the country, and platforms like Stake.com are explicitly barred from offering their services to Swiss residents.

By allowing me to register, deposit money, and gamble—and obviously lose it—Stake.com clearly violated Swiss gambling regulations. Under Swiss law, contracts formed under illegal circumstances are deemed null and void, which means I am entitled to the return of all funds lost on their platform.

4. Breach of Stake.com’s Own Terms of Service
Stake.com’s Terms of Service state that users from restricted jurisdictions (including Switzerland) are prohibited from accessing their platform. It is their responsibility to enforce these restrictions by blocking registrations from such regions and verifying users’ locations during account creation.

Despite these obligations, Stake.com failed to block my account, verify my location adequately, or prevent me from gambling. This constitutes a blatant breach of their own terms and highlights their negligence in upholding compliance measures.

If Switzerland is a restricted country, why does Stake.com allow Swiss users to select it as their country during registration? Is this a deliberate oversight, or are their developers genuinely unaware of this glaring issue? Either way, it points to gross negligence or intentional misconduct.

5. The Financial and Legal Stakes
Due to Stake.com’s actions, I have lost approximately $40,000 USD—a devastating amount, especially as I was unemployed at the time. Most of this money came from my unemployment insurance, making the situation even more troubling. On average, I deposited 75% of my monthly income, amounting to $1,000 to $3,000 per paycheck, and lost it within a week.

I am seeking compensation amounting to at least 75% of my losses ($30,000 USD) if an agreement is reached—or 100% through legal channels. I also demand the following actions from Stake.com:

Block all current Swiss users: Prevent further illegal gambling by Swiss residents and provide the ESBK with a detailed report of Swiss user activity (registrations, wagers, losses, etc.).
Cease accepting new Swiss registrations: Ensure no new Swiss users can access the platform.
Enhance compliance measures: Implement robust systems to comply with international and Swiss laws to prevent such violations in the future.
6. Escalation and Broader Implications
The ESBK had previously filed a lawsuit against Stake.com due to allegations of illegal marketing targeting Swiss users, such as the sponsorship of the Sauber F1 Team. However, this lawsuit was withdrawn due to insufficient evidence of direct or indirect marketing activities by Stake.com in Switzerland.

Nevertheless, my case demonstrates how Stake.com profits from Swiss users in violation of gambling laws. Based on unjust enrichment, my lawyer has advised me to pursue criminal charges against the responsible team managing Stake.com.

While identifying the individuals behind Stake.com may be challenging, a criminal charge would proceed based on their actions and illegal profits. If Stake.com fails to address this matter adequately, I will escalate it to the ESBK and other authorities and raise public awareness about their unlawful practices.

7. Conclusion: Stake.com Must Take Responsibility
This is my final attempt to resolve this issue amicably before pursuing legal action. To Stake.com: You have the choice to either address this matter now or face the consequences of legal and public scrutiny.

I demand the compensation I am owed and expect you to take immediate action to address the broader legal violations your platform has committed. Ignoring this will only worsen the situation for your company—both legally and reputationally.

Thank you for taking the time to read this. Whether you agree with me or not, I believe it is important to speak out against such practices. Stake.com has demonstrated a blatant disregard for the law, and I will not remain silent about it.

I already got 2 settlements with other Casinos although the net losses owed by them are not near the amount Stake legally owes me (under 500$) and all it took was some E-Mails between me and the casino and a kind reminder by my lawyer of consequences incase of ignoring the matter.