Stake requires its users to verify their accounts to Level 2-deadline 01.01.2025 - page 2.

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Check this website https://casino.online/news/complete-stake-com-kyc-level-2-by-january-2025-to-access-bigger-bonuses/

Quote

From 1st January 2025, customers must complete Level 2 verification to continue using their Stake.com accounts. This involves submitting identification documents, which protect players from fraud, ensuring that all account transactions are secure and compliant with regulatory standards. Importantly, this change guarantees that funds and withdrawals remain available, and no funds will be withheld during the process.

Additionally, completing KYC allows users to claim new bonuses, including VIP-level promotions tailored to their playing history. Verified users will receive exclusive offers and benefits, making this change even more rewarding.

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

My stake account is already level two verified since the day I signed up on the casino, way back before the thought of joining their signature ad campaign on this forum got into my head, perhaps, so far, I am very happy that this is something I've already done and have no issues crossing into the new year with my stake account.

But however, I am most interested to know what Stake will do to accounts of those who are from this forum and promoting stake through their signature ad, and used their stake account to only receive their weekly signature ad campaign payments, will their accounts be banned too? I mean this set or group are not gamblers, they do not gamble, but simply earning from this forum and using Stake account to receive payment since it's mandatory by stake campaign manager's rules, what happens to such accounts by the first day of January 2025?

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Quote from: Coin_trader on November 17, 2024, 07:14:52 PM

Stake user is still lucky that they are receiving bonus in exchange KYC while other casino offers nothing.

Well that's a nice initiative for them to keep their old users.. a lot of person might want to consider staying and keep using the casino since they are giving out bonus for the kyc. It's still not going to be a good reason for me to want to keep playing.. this kyc is gradually becoming compulsory in the only space and privacy reducing in relevance. Sooner or later, just few casino would not require kyc, whole those that does will be massive..

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Quote from: Hatchy on November 17, 2024, 01:48:21 AM

Quote from: robelneo on November 17, 2024, 12:44:03 AM

Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

Though we don't know why they suddenly decided to make it a compulsory for their players.. most users may not want to comply and in turn move to other non kyc compulsory casinos or those that might still let their users remain in the level 1 and keep playing... For me I won't bother using such casino any more as I'm not a fan of the kyc. Most of the casino I've played here on the forum, I've never gone through the kyc process as I dont think I will give out such valuable information online just because i want to gamble.. stake has a lot of players though, some won't mind at all.

It’s obvious that it’s a regulatory matter thing. Stake is the biggest online casino which means they are being regulated strictly by their license provider.

Not only Stake, But many licensed casino such as Roobet already done this long time ago. It’s just a matter of time for other casino to this since this is the end goal for every casino that has licensed to operate.

Stake user is still lucky that they are receiving bonus in exchange KYC while other casino offers nothing.

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Quote from: Sandra_hakeem on November 17, 2024, 05:59:21 PM

I dunno what you're talking about dude... Stakes doesn't already have an enforced KYC protocol? You must be joking... Anyone that says they haven't done any sort of KYC verification on stake recently should show me to their account. The reinforcement got tightened even before Trump came onboard for the second time, so whatchu mean?

Solosanz is probably talking about the old stake players who weren't required to pass KYC.

Quote from: nelson4lov on November 17, 2024, 05:17:08 PM

Everybody acting surprised like they didn't know this was going to happen at some point.

When they required new players to pass level one was a big sign as well, it was the start of something. I've seen some exchanges implement kyc slowly, basically start with something softer and build it from there. I think it was the same process.

But without a doubt, having no mandatory kyc makes a huge difference when onboarding players esp if the platform has just started. If all other things are successful as well, by the time they have to impose mandatory kyc, the casino already has a good userbase who will be willing enough to undergo KYC. That's why, I think, stake will be just fine, they have built up good reputation over the years.

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Quote from: robelneo on November 17, 2024, 12:44:03 AM

Quote from: Awaklara on November 16, 2024, 11:45:25 PM

Stake's level 2 KYC verification is not difficult. But there may be users who feel uncomfortable doing KYC.

Yes, you only need a driver's license or a national ID, as basic information and verification. If you fail to do KYC before the date, your account will be set to withdraw-only mode, so if you're part of the Stake.com campaign, you can opt not to.
Even if you occasionally bet, then you have to undergo verification, I'm sure some users will let Stake.com go and go for no KYC casino; as stated, there are many benefits from doing KYC Let's see now if the user numbers will go down.

Quote

Update to Level 2 verification by December 31st 2024 to prevent your account from being set to withdraw only mode.

since they said "to prevent your account from being set to withdraw only mode", so does this mean that you won't actually lose access to your account? does this mean you can still perform the KYC even after the deadline if you want to have full access to your account and the casino features?

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Quote from: Solosanz on November 16, 2024, 11:38:30 PM

But, it's good to see Stake give an official announcement rather than enforce KYC rules silently.

I dunno what you're talking about dude... Stakes doesn't already have an enforced KYC protocol? You must be joking... Anyone that says they haven't done any sort of KYC verification on stake recently should show me to their account. The reinforcement got tightened even before Trump came onboard for the second time, so whatchu mean?

Quote from: nelson4lov on November 17, 2024, 05:46:12 PM

Absolutely. I think the only casinos that will probably escape regulations (not 100% certain) are fully decentralized ones that are able to operate autonomously such that users can deposit + withdraw even though the owners /administrators are no longer in charge. Such that even if the owners get arrested and jailed, the platform will continue to strive and so far, we just don't have such yet. More projects have seen that spawn like a decentralized casino have all failed.

Where will you find such a casino? In a space where the government wants everything under their supervision, thereby regulating what and what doesn't happen....
Nevertheless, I think I read something about decentralized casinos -- but I can't trust them since it normally ends in a major rug pulls. They don't also have the level of traffic that 'em regulated casinos have, so that says alot already.

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Quote from: BitMaxz on November 17, 2024, 05:34:28 PM

Quote from: nelson4lov on November 17, 2024, 05:17:08 PM

~Snipped

Unlike before, traditional and local casinos are not so strict and never comply with AML, but right now, casinos online, including traditional and local casinos, need to follow regulations. That is why new and old casinos need to ask for KYC if they don't want to become problematic in the future. It is now part of the international regulation to every casino.
I'm not surprised at what happen to stake since almost all local and international casinos also ask for KYC just to follow the regulation. So I'm sure other casinos too will end up like this.

Absolutely. I think the only casinos that will probably escape regulations (not 100% certain) are fully decentralized ones that are able to operate autonomously such that users can deposit + withdraw even though the owners /administrators are no longer in charge. Such that even if the owners get arrested and jailed, the platform will continue to strive and so far, we just don't have such yet. More projects have seen that spawn like a decentralized casino have all failed.

KYC is the way to go boys (for now) especially if you're a serious gambler.

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Quote from: nelson4lov on November 17, 2024, 05:17:08 PM

Everybody acting surprised like they didn't know this was going to happen at some point. It happened with centralized exchanges and I knew it was going to come to stake and others. There used to be a sports betting site, DirectBet (not sure if that's the correct name). I remember that they stopped providing their service and shut down when regulations came knocking. With the amount of turnover these crypto gambling platforms pull, I knew it was only a matter of time.

Unlike before, traditional and local casinos are not so strict and never comply with AML, but right now, casinos online, including traditional and local casinos, need to follow regulations. That is why new and old casinos need to ask for KYC if they don't want to become problematic in the future. It is now part of the international regulation to every casino.
I'm not surprised at what happen to stake since almost all local and international casinos also ask for KYC just to follow the regulation. So I'm sure other casinos too will end up like this.

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Everybody acting surprised like they didn't know this was going to happen at some point. It happened with centralized exchanges and I knew it was going to come to stake and others. There used to be a sports betting site, DirectBet (not sure if that's the correct name). I remember that they stopped providing their service and shut down when regulations came knocking. With the amount of turnover these crypto gambling platforms pull, I knew it was only a matter of time.

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Quote from: Awaklara on November 16, 2024, 11:45:25 PM

Have you just received an email notification from Stake regarding KYC requirements? If I'm not mistaken, last month some users seemed to have discussed KYC in the Stake thread. You should still be able to see it. Some even got a KYC bonus from Stake, perhaps as compensation for users who have been loyal to Stake even though they didn't do KYC.
Stake's level 2 KYC verification is not difficult. But there may be users who feel uncomfortable doing KYC.

You also get to play freeroll poker tournaments with level 2 KYC. Not that wealthy people would need that feature, but i am guessing some users do.
When kyc requirement for those games came out, i noticed a drop of participants in them. Which is understandable if bots are kicked out, and with less players there are more changes to win.

And obviously some people feel uncomfortable, but good luck for them finding a legit casino without KYC requirement in the future.

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Check this website https://casino.online/news/complete-stake-com-kyc-level-2-by-january-2025-to-access-bigger-bonuses/

Quote

From 1st January 2025, customers must complete Level 2 verification to continue using their Stake.com accounts. This involves submitting identification documents, which protect players from fraud, ensuring that all account transactions are secure and compliant with regulatory standards. Importantly, this change guarantees that funds and withdrawals remain available, and no funds will be withheld during the process.

Additionally, completing KYC allows users to claim new bonuses, including VIP-level promotions tailored to their playing history. Verified users will receive exclusive offers and benefits, making this change even more rewarding.

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

If they suddenly brought this law and want to immediately enforce it within this short duration, then they would have noticed some unusual activities in their platform and want to protect their business against the regulators. This is my thinking which may not be the case because there are several possibilities to the issue. Since the notice is more than a month, any user that is not able to verify or not willing to submit such details to the casino can withdraw his balance and use other platforms.

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Quote from: Fortify on November 17, 2024, 11:42:18 AM

The timing that aligns with the presidential handover is a bit suspicious, but it was always going to happen. It's too big a gambling company now, sponsoring vast amounts of different things and angling for mainstream recognition. It can no longer hide in a gray area or off the radar, because regulators will be pressuring it for this information hard at this point. If it wants to operate in places like America, then it needs to vet every single one of it's customers in all regions, otherwise illicit money could be entering the chain. This will leave room for smaller non-KYC operators to take a chunk of their customers away, but I'm fairly certain that most customers will submit to this now in order to stay with their long term casino.

Crypto casinos are growing bigger than traditional fiat casinos, and it’s likely that regulations for fiat casinos will eventually spill over into the crypto space. The whole “no KYC” promise from crypto casinos feels less believable these days, because sooner or later, everyone will be pushed to comply with KYC rules. If you don’t, your account might get restricted to withdrawal-only mode, and that takes all the fun out of gambling.

I think this strict compliance could actually drive more demand for decentralized casinos in the future. but I'm just curious, you guys know any popular dex casinos now? I have tried some in the past though, but it still end up being more active in centralized casinos.

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Quote from: Solosanz on November 16, 2024, 11:38:30 PM

Bye bye people who always say Stake is no KYC casino because they've gambled for few years and didn't get asked to verify their accounts.

Regulation is unavoidable especially after Trump elected to be The US president and Bitcoin price rose to $93K, 2025 might be a new year where cryptocurrency and the projects are getting tighter regulation.

But, it's good to see Stake give an official announcement rather than enforce KYC rules silently.

Once a casino becomes the face of gambling, the regulations agency becomes their friends and if you don't want them to bill your casino and betting platform, you have to mop their floor the way they like, you will do as they say unless you want to have some K.O with the law enforcement and getting fine. A company like stake has received a huge amount of bettors and it might have been a concern or should I say fear for money laundering as the government "claimed" most often.

It's very hard that you will watch cctv videos or some famous handles post videos for fun and entertainment without seeing Twitter adds. In fact, X community notes pops on any videos that has stake adverts to warn people about paid promotions. They are now big and when you become big in the casino industry, you will definitely face some challenges and you wouldn't able to satisfy people, it's either you choose to obey the government or satisfy some customers.

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Quote from: Ziskinberg on November 16, 2024, 11:18:42 PM

I can already see it in my account, I need to upgrade to Level 2 verification, though I haven’t done it yet. For reference, my account is currently only email-verified. But with this new directive, all accounts must comply with Level 2 verification. Just an FYI for everyone!

Check this website https://casino.online/news/complete-stake-com-kyc-level-2-by-january-2025-to-access-bigger-bonuses/

Quote

From 1st January 2025, customers must complete Level 2 verification to continue using their Stake.com accounts. This involves submitting identification documents, which protect players from fraud, ensuring that all account transactions are secure and compliant with regulatory standards. Importantly, this change guarantees that funds and withdrawals remain available, and no funds will be withheld during the process.

Additionally, completing KYC allows users to claim new bonuses, including VIP-level promotions tailored to their playing history. Verified users will receive exclusive offers and benefits, making this change even more rewarding.

Here's the guide if you'll act on it now. https://stake.com/blog/kyc-know-your-customer-casino-guide
Also, you can check on the discussions about the level 2 verification on this separate thread.

The timing that aligns with the presidential handover is a bit suspicious, but it was always going to happen. It's too big a gambling company now, sponsoring vast amounts of different things and angling for mainstream recognition. It can no longer hide in a gray area or off the radar, because regulators will be pressuring it for this information hard at this point. If it wants to operate in places like America, then it needs to vet every single one of it's customers in all regions, otherwise illicit money could be entering the chain. This will leave room for smaller non-KYC operators to take a chunk of their customers away, but I'm fairly certain that most customers will submit to this now in order to stay with their long term casino.

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This might be my last year using stake, because I personally really avoid KYC for online gambling. But regardless, it is basically good to implement KYC, especially to avoid or reject accounts that abuse online gambling sites for money laundering. Although I also really support such regulations, but I personally can't do KYC for some reasons. But with something like this, at least I am also curious, are there many users here who will not do level 2 verification, or maybe you will do it to still be able to access and use stake.

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Quote from: salad daging on November 17, 2024, 09:58:50 AM

It has always been known for 1 month that Stake has officially announced about KYC verification for all users, if users still have not verified KYC then Stake will continue to send you email messages to you about the KYC deadline.

The year 2025 will be a new chapter, the price of bitcoin is accelerating the regulatory policy will be stricter, will there be other casinos that demand the same as Stake where KYC is mandatory in 2025? This is curious isn't it?

Other casinos may play this to their advantage, they may only require level 1 KYC which is only verifying your phone number or email address while level 2 KYC is asking for government ID and most people are not OK to give it that easily, I am level 2 at Stake and I have receive many benefits from it, like bonuses of 15-20 dollars when new sport events like UFC and Basketball started their new season on top of my normal weekly and monthly bonuses and of course you need to be such level verified if you are to take part in the 75k raffle weekly promotion. Since most people at stake wager a lot I think there is nothing wrong with going to KYC level 2 but I know the new accounts there most likely won't be happy with such happenings.

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It has always been known for 1 month that Stake has officially announced about KYC verification for all users, if users still have not verified KYC then Stake will continue to send you email messages to you about the KYC deadline.

The year 2025 will be a new chapter, the price of bitcoin is accelerating the regulatory policy will be stricter, will there be other casinos that demand the same as Stake where KYC is mandatory in 2025? This is curious isn't it?

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Quote from: Solosanz on November 16, 2024, 11:38:30 PM

Bye bye people who always say Stake is no KYC casino because they've gambled for few years and didn't get asked to verify their accounts.

Regulation is unavoidable especially after Trump elected to be The US president and Bitcoin price rose to $93K, 2025 might be a new year where cryptocurrency and the projects are getting tighter regulation.

But, it's good to see Stake give an official announcement rather than enforce KYC rules silently.

If anything, tighter regulations will have more to do with the government of the United States desire to tax people who is making money off Bitcoin and cryptocurrency in general and it does not necessarily will have something to do with gambling. Also, depending whom you ask, we could expect to see less regulation and taxes on crypto gains, if there is something Trump has promised and delivered in the past it had been tax cuts, it is likely he will apply tax cuts for those who trade with Bitcoin and holders who desire to close their positions during this bull market. Still, taxes on gambling will continue to be in place, regardless who the president is, though.

I have gone through level 2 verification on Stake seamlessly, It is quite straight forward and they only take one day one or two days before getting back to you to let you know you are successfully verified.

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Quote from: freedomgo on November 17, 2024, 06:06:04 AM

Quote from: SamReomo on November 17, 2024, 02:34:33 AM

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.

I think it’s because Stake is registered in the USA as stake.us, but the version we’re accessing isn’t their US site, it’s likely registered under a Curacao license, if I’m not mistaken. So, if these changes are due to regulatory pressure, it might turn into a global policy. Other casinos could start requiring KYC soon as well, which means the chances of enjoying no-KYC options with centralized casinos are getting really slim.

I think all extensions are asking. I do have an account in Stake, it was the first time I received the email asking for that level 2 KYC verification. I wouldn't be submitting my data to them unless it's unavoidable.

So far there are no casinos to stay where KYC is not needed though so it's the regulations for all. Not complying I guess your access will also be cut off. There are still casino that are not looking to collect our data but it's not very well known to the community.

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Quote from: SamReomo on November 17, 2024, 02:34:33 AM

If you love NO KYC then you should avoid Stake from now on because their new policy is strict and KYC is kind of mandatory at their platform now.

I think it’s because Stake is registered in the USA as stake.us, but the version we’re accessing isn’t their US site, it’s likely registered under a Curacao license, if I’m not mistaken. So, if these changes are due to regulatory pressure, it might turn into a global policy. Other casinos could start requiring KYC soon as well, which means the chances of enjoying no-KYC options with centralized casinos are getting really slim.

Topic: Stake requires its users to verify their accounts to Level 2-deadline 01.01.2025 - page 2. (Read 482 times)