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

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

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.

What does this have to do with Trump? What Trump is going to do precisely is to remove regulations. I don't know what he will do specifically about gambling but someone of republican ideology what he believes in is a small state with few regulations and low taxes, and so he has explicitly said that he is going to do it in terms of economic issues in general and in the crypto space, so I doubt very much that this measure of Stake has something to do with Trump and if you are sure that it is so I would appreciate it if you would provide the source of what you say.

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OK... From what I understand, level 2 verification is required only in case we gamble on the platform. For those of us who are on signature campaign, this should not be an issue. Even if my account is set to "withdrawal only" mode, it is fine with me. Anyway, tougher regulations could be expected. Stake has grown quite rapidly over the years, and along with growth comes increased scrutiny from the government authorities. On top of that they are based in Australia, where the regulations can be quite tough.

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Quote from: Wexnident on November 17, 2024, 03:09:56 AM

Not that it affected me though, I've done mine the moment I registered anyway Tongue

.

Its Stake: if people can do it on new casino and low-budget casinos, why not on the industry giant like Stake.com
if it is only doubt of their information, Stake is compliance and regulated, so they will do everything to keep your information protected and safe.
Drake prefers stake to bet, so I'm sure he has done his KYC, and so are the many celebrities and high rollers; they have the biggest numbers of high rollers.

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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.

Let's not politicise everything; KYC 2 has always been on Stake, and they're just making it mandatory because they feel compelled to; it has nothing to do with Trump's victory. KYC is required at some point to improve the system.

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Quote from: iv4n on November 18, 2024, 03:16:11 AM

We all knew it was coming, the bigger the casino the more rules they have to follow if they want to operate worldwide without legal problems. I'm not a regular player in this casino, I play some poker sometimes and that's about it. For now, I don't plan to pass the second level of verification, but when I decide to play poker a little more seriously, I will consider KYC and maybe agree to it so that I can play poker without problems.

Anyway, we should all be ready to go through KYC if the casino requires it for any reason. I'm not a fan of KYC, but those are the rules... and we either accept them or move on.

There is always a caveat that the casinos reserve the right to ask for additional information or documents at any time. So long as users accept this condition during registration, it should not sound so strange to them as the only thing they have to do is to oblige. The notice given is enough for all their active members to do the needful as it is displaced even in the website in such a way that it will will be seen whenever a user place a bet in the website. The only people that will not meet up are those who might have not been using the site for a long time, in that case they ought to send out emails since people created accounts with emails.

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Quote from: Davidvictorson on November 18, 2024, 07:27:33 AM

We all have an idea why this is directive have been given and irrespective of the present situation, business must go on. For them it is better to lose some customers than lose their business. If I were using stake, I would have no issues with this whatsoever. On the one hand it is for them and on the other hand, it will benefit the customers more. At this point, I can only guess that if this is happening at stake, it is only a matter of time before other online casinos join the bandwagon.

Stake’s operation in the US speaks about their capability and compliance, it’s not easy to get a license there. So, this news about them requiring KYC isn’t surprising. Actually, back in Bitcoin’s early days, many exchanges didn’t require KYC, but now it’s standard. Since both crypto exchanges and gambling are regulated, KYC has become automatic, a basic requirement for important reasons like AML policies and ensuring client protection. It’s just the way the industry is evolving.

Quote from: https://ats.io/social-casinos/stake/legal-states/

Stake.us is the U.S. version of the popular Stake.com Casino, and it’s currently legal in 43 of 50 states (all but Idaho, Kentucky, Michigan, Nevada, New York, Vermont, and Washington). In this guide, we’ll provide a full list of states where you can play Stake and also discuss the casino’s legality, licensing, and regulatory compliance to help you figure out if it’s a safe and legitimate option for online gaming.

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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.

We all have an idea why this is directive have been given and irrespective of the present situation, business must go on. For them it is better to lose some customers than lose their business. If I were using stake, I would have no issues with this whatsoever. On the one hand it is for them and on the other hand, it will benefit the customers more. At this point, I can only guess that if this is happening at stake, it is only a matter of time before other online casinos join the bandwagon.

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Quote from: Slow death on November 18, 2024, 06:29:45 AM

People are forgetting that more than 70% of casinos are licensed in Curacao, so by asking for mandatory KYC, Stake is complying with the recommendations of the licensing provider, which means that more than 70% of casinos will follow the same path that Stake is following. If someone thinks like this: "I'm going to stop using Stake because they're asking for KYC", that person is postponing the inevitable that they will have to do KYC at another casino. That's why my advice is: "do KYC at Stake and keep using the casino" because all casinos will ask for mandatory KYC eventually.

That’s a spot-on analysis... This new move is clearly due to recommendations or directives from the regulators. It’s simple logic, why would Stake enforce KYC when they’d get more players if it weren’t required? Obviously, there’s pressure from higher-ups to comply. This is a sign of what’s coming, so we need to be prepared, as whether we like it or not, stricter regulations are becoming the norm, and KYC might soon be unavoidable for most gambling platforms.

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Quote from: lovesmayfamilis on November 18, 2024, 05:37:56 AM

At least, we should be grateful that this announcement did not come as a surprise, giving people the freedom to decide whether or not to continue with this casino. Although I am not surprised by anything, the regulation may not be liked by many, but if you want some security guarantees, just go through this verification. Frankly, in our time it is very difficult to maintain confidentiality, and it is better to trust old paying casinos than to exchange for many new establishments that have not yet achieved trust in time.

We should be grateful also, for those who did not pass or ignore at all this request, Stake wont freeze account with all funds on it, but will allow to withdraw funds.

Passing level-2 KYC does not scare me much. When visiting most of offline casinos, gamblers are required to provide ID. Stake did technically the same. Would be worse if they require to provide in addition utility bills or bank statement withdrawal for the last 6 months (a bank has recently requested me to provide such thing when I opened an account there).

Slow death

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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.

People are forgetting that more than 70% of casinos are licensed in Curacao, so by asking for mandatory KYC, Stake is complying with the recommendations of the licensing provider, which means that more than 70% of casinos will follow the same path that Stake is following. If someone thinks like this: "I'm going to stop using Stake because they're asking for KYC", that person is postponing the inevitable that they will have to do KYC at another casino. That's why my advice is: "do KYC at Stake and keep using the casino" because all casinos will ask for mandatory KYC eventually.

GxSTxV

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This was bound to happen eventually as Stake has never truly been a freeKYC casino. Typically they only required Level 1 verification which was just email validation. However, with the changes coming in 2025, likely a push by government regulations, they announced that passing Level 2 verification is now necessary to keep your account secure and avoid issues when withdrawing profits.

To me, these new measures don’t make Stake any less trustworthy or safe. In fact, they notified everyone by email before the deadline and clearly explaining the requirements. That’s a much better approach than some scam casinos that only ask for extra documents after players win big, using it as a tactic to withhold payouts and keep the winner play more and lose his wins eventually.

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At least, we should be grateful that this announcement did not come as a surprise, giving people the freedom to decide whether or not to continue with this casino. Although I am not surprised by anything, the regulation may not be liked by many, but if you want some security guarantees, just go through this verification. Frankly, in our time it is very difficult to maintain confidentiality, and it is better to trust old paying casinos than to exchange for many new establishments that have not yet achieved trust in time.

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Quote from: Bitinity on November 18, 2024, 04:20:29 AM

Quote from: iv4n on November 18, 2024, 03:16:11 AM

Anyway, we should all be ready to go through KYC if the casino requires it for any reason. I'm not a fan of KYC, but those are the rules... and we either accept them or move on.

As simple as that and I strongly agree with it because we as player have to right to decide what to do. If we are strongly against KYC due to privacy, skip the casino and try to find other casino with no mandatory KYC but if we are ok with KYC means there is no issue at all with it. Back to KYC on Stake, I did it last month when they offered few hundreds dollar for those who complete KYC before Oct 7/8. I did it not merely because of the offer but I have good standing account as well in which I have the chance to level up for a better reward later.

Nothings else to do if we don't like what they implement then skip it, since after all we cannot change anything since maybe they are been required to ask this requirement that's why these things happen.

I don't really like to do KYC, but didn't have any choice but to comply with their requirements that's why I choose to stick on what I take trusted casino in this forum. I guess Stake is reputable enough to be trusted by their old players so its up for them if they want to continue or not since they are the one can decide if they want to continue to deal with Stake or move to another casino. There's still lots of alternative casinos available here.

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We must be aware that no-KYC services are something of the past. Regulators now understand what is going around and they are taking seriously crypto currency as medium of transfer.

Of course we can always have some p2p or decentralized gambling system, but structured website and platforms like stake will ALWAYS request these instruments in order to run their business legally.

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Quote from: iv4n on November 18, 2024, 03:16:11 AM

Anyway, we should all be ready to go through KYC if the casino requires it for any reason. I'm not a fan of KYC, but those are the rules... and we either accept them or move on.

As simple as that and I strongly agree with it because we as player have to right to decide what to do. If we are strongly against KYC due to privacy, skip the casino and try to find other casino with no mandatory KYC but if we are ok with KYC means there is no issue at all with it. Back to KYC on Stake, I did it last month when they offered few hundreds dollar for those who complete KYC before Oct 7/8. I did it not merely because of the offer but I have good standing account as well in which I have the chance to level up for a better reward later.

iv4n

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We all knew it was coming, the bigger the casino the more rules they have to follow if they want to operate worldwide without legal problems. I'm not a regular player in this casino, I play some poker sometimes and that's about it. For now, I don't plan to pass the second level of verification, but when I decide to play poker a little more seriously, I will consider KYC and maybe agree to it so that I can play poker without problems.

Anyway, we should all be ready to go through KYC if the casino requires it for any reason. I'm not a fan of KYC, but those are the rules... and we either accept them or move on.

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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.

Some gamblers are funny, thinking they can always escape from KYC compliance, it is almost impossible because any online casino that promised KYC are not under the radar of the law because they are not popular, and things are expected to change once a load of people start flooding the casino and the name of the casino start getting everywhere online.

Sooner or later, your favourite online casino will ask you for KYC verifications, it is better to start accepting the possibilities from now on.

Moreover all this is a common sense related, should a casino be operating without been regulated? That makes no sense.

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Quote from: Ziskinberg on November 18, 2024, 01:24:37 AM

Quote from: Fivestar4everMVP on November 17, 2024, 07:38:03 PM

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?

There’s no mention of a ban in this case. The report specifically states that accounts will be switched to “withdraw-only mode.”

So, for those participating in the Stake signature campaign who don’t comply with the KYC requirements, they won’t lose access entirely. They can still use their Stake account, but only to withdraw their weekly pay. It’s a way to ensure payouts without full account functionality for those opting out of KYC.

OK, if this is the case, then it's a great idea, a very good one for that matter, atleast, those who are earning from this forum and using their stake account to receive their weekly payments only actually don't have to go through the kyc process if actually they don't have any intentions of ever gambling with part of the funds like I usually do some times.

Kudos to those who brought up this idea, and sorry for assuming wrongly, I initially thought that accounts that fail to comply with the kyc verification request will either be given an opportunity to pass the verification or be allowed to withdraw the funds in their account and then a ban follows, how wrong I was..

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Quote from: Fivestar4everMVP on November 17, 2024, 07:38:03 PM

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?

There’s no mention of a ban in this case. The report specifically states that accounts will be switched to “withdraw-only mode.”

So, for those participating in the Stake signature campaign who don’t comply with the KYC requirements, they won’t lose access entirely. They can still use their Stake account, but only to withdraw their weekly pay. It’s a way to ensure payouts without full account functionality for those opting out of KYC.

Quote from: Russlenat on November 17, 2024, 02:19:09 AM

Quote from: OgNasty on November 17, 2024, 02:14:06 AM

Is this confirmed by Stake?

Yes, if it’s on their website, it’s a legitimate source. Here’s the most specific information I found about the Level 2 mandatory verification:

Quote

2. What happens if I miss the 3-month deadline for verification?
If you don’t complete Level 2 verification by 31st December 2024, your account will switch to withdraw only mode. This means you won't be able to deposit or place bets but can still withdraw your funds and claim bonuses. However, as soon as you complete Level 2 verification, you’ll be able to deposit and place bets again.

Full information regarding that can be read here https://help.stake.com/en/articles/10056332-level-2-verification-common-questions

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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.

hahay

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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.

salad daging

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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.

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Quote from: Charles-Tim on November 17, 2024, 02:56:42 AM

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

Though we don't know why they suddenly decided to make it a compulsory for their players..

Ziskinberg must be an old user. If it is a new user, he will not be able to see deposit address until he complete KYC. But I think Stake did not make KYC mandatory for old users is the reason some people are getting the notification now. Probably Stake has seen high numbers of new users getting verified and decided to make the old users get verified also. Also this could be as a result of regulation. Stake has been known very well in the world as being non-KYC gambling site, this could be bothering Stake in relation to regulations.

Yes, I confirm I’m an old user. I created my account before the announcement. I’m not sure if I got an email since I don’t check my inbox regularly, but I did notice the “update verification” and “dismiss” options at the top right corner of my account. I haven’t clicked on either yet, I’m taking some time to think it over first.

Quote from: Charles-Tim on November 17, 2024, 02:56:42 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.

What strict policy again aside the KYC?

Maybe he was referring to the requirements for KYC verification.

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

~

Unfortunate for those who enjoyed the no KYC lol. Granted this was already something that's always going to happen to casinos, especially big ones like stake. It was only a matter of time really. Definitely going to make Stake lose some users but I don't think it's going to matter that much with how big they are already. Unless a big competitor appears with KYC as optional again. But as I've iterated before, it's only going to be a matter of time before they're also forced to do KYC.

Not that it affected me though, I've done mine the moment I registered anyway Tongue

.

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

Though we don't know why they suddenly decided to make it a compulsory for their players..

Ziskinberg must be an old user. If it is a new user, he will not be able to see deposit address until he complete KYC. But I think Stake did not make KYC mandatory for old users is the reason some people are getting the notification now. Probably Stake has seen high numbers of new users getting verified and decided to make the old users get verified also. Also this could be as a result of regulation. Stake has been known very well in the world as being non-KYC gambling site, this could be bothering Stake in relation to regulations.

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.

What strict policy again aside the KYC?

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

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.

I think this messages only apply to those who hasn't done or pass through any form of verification from stake.com. like I know I have pass some verification it should be that I am in level 2, about to process level 3 but then this isn't an issues for now because I haven't won a huge amount that would propelled me having that to pass the level 3&4.
So, this mail are for those who just pass mail verification without even passing any other form of verification, and mind you stake.com is not a non kyc gambling site and stake wouldn't allow permits people to gamble without them passing at least level 1 kyc since their rules has changed.

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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.

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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!

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.

Even I have done this level 2 verification before this official announcement. So I did not receive a message via email about the bonus offered because I have done it before. However, if referring to the article that states that verified users will receive an offer, I had time to contact via support but if I'm not mistaken only selected people received the offer. I need to check the chat history again.

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I just heard about it a few days ago and I actually did KYC from the beginning. So I didn't get any notification.
From what I've seen some people agree with the rules and some people disagree or even leave Stake. But sooner or later I think all the bigger crypto casinos will do the same.
Casinos that have big traffic and have a large number of active players will definitely be stricter to guard against crimes like money laundering etc.
So this new rule I think has a better purpose in the future. And I also heard that after doing the KYC, Stake gives rewards to active users.

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Quote from: OgNasty on November 17, 2024, 02:14:06 AM

Is this confirmed by Stake?

Yes, if it’s on their website, it’s a legitimate source. Here’s the most specific information I found about the Level 2 mandatory verification:

Quote

2. What happens if I miss the 3-month deadline for verification?
If you don’t complete Level 2 verification by 31st December 2024, your account will switch to withdraw only mode. This means you won't be able to deposit or place bets but can still withdraw your funds and claim bonuses. However, as soon as you complete Level 2 verification, you’ll be able to deposit and place bets again.

Full information regarding that can be read here https://help.stake.com/en/articles/10056332-level-2-verification-common-questions

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

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.

Is this confirmed by Stake? I must admit I’m a little bit bummed out by this news but completely understand and support it. I’m not sure what I will do yet, but I won’t rush any decision, so I’m sure I’ll end up having to stop the gambling for a while. Regulation is a pain but is needed for more widespread adoption.

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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.

The same for me but I have decided ^regrettably to leave Stake as I kinda don't like to disseminate my personal data over casinos databases which may be not breach-proof. Luckily I withdrew all my fund Stake so it will be now problem for me to leave. Non-KYC casinos are still in existence ^{I have already signed to a few of them} so I will be able to proceed with my online gambleng though I gamble more than often at land based spots.

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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.

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Yeah, I did my KYC about a month ago or two. I did receive a good bonus amount though after doing it which I think is a good idea by Stake.com to push their gamblers and comply with KYC requirements. Not all gambling platforms could give such a good offer because others will just force their gamblers to comply or else their accounts will be frozen.
I am not against KYC because both parties will benefit from it although I know some are against it to keep their privacy. Security-wise it's good for us and then the business will have no problem with the government on where their establishment is placed. Anti-money laundering law is getting stricter now because of so many scam incidents that are happening all over the internet.

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It seems this could be a very big deal to those people who really conservative with the use of their personal information, we know people don't like it because they want to become private but this level 2 requires an ID now for verification. If you are an active gambler and their platform is one of your options I guess you will comply but if not there's a lot of casino out there to play with.

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

Quote

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

For those frequently withdrawing their funds its good to them but if you are an active player too still need to comply then.

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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.

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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.

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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.

Ziskinberg

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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.

Topic: Stake requires its users to verify their accounts to Level 2-deadline 01.01.2025 (Read 444 times)