Hey Bitcointalk,
I hope that everyone who reads this is doing well. The reason why i share this story is my dispute with stake, which has been ongoing for almost three years now. I have tried contacting the complaints team, the live support team, and others to explain my situation and story, but unfortunately, I have not been able to find a solution.
A lot of time has passed since I first joined Stake. I have been a member since 2019. During this time, I completed full verification, but I didn’t know much about online gambling, especially gambling with crypto—it was a hobby that I stuck with, as I assume many people do. This changed in 2022 when I was able to deposit more and consequently lose more. My account, "Mooniak," has a wagered amount of $30 million. I lost approximately 32.87 BTC and 623.92 ETH (around $2,083,474.67). I was just 23 years old back then.
I understand that many people experience losses when gambling online—it's foolish, and nobody denies that. However, I want to explain why Stake should refund my deposits and how my life has been affected since Stake chose to ignore and exclude me.
While I understand that Stake.com operates under a Curaçao gambling license, this license is not recognized within Germany for online gambling activities. Under the Glücksspielstaatsvertrag 2021 (Interstate Treaty on Gambling), operators offering services to German residents must hold a valid German license, which Stake.com does not have. Therefore, the Curaçao license does not override the local regulations applicable to my residency and transactions.
Additionally, during the registration and KYC process, I provided my German address and identification, clearly establishing my location in Germany. Despite this, I was still allowed to gamble on your platform. Legal precedents, such as the Oberlandesgericht Düsseldorf’s ruling in 2016, state that contracts with unlicensed operators are invalid and users are entitled to reclaim their losses.
I have been in trying to find a solution with Live support for a long time, i have explained them how i felt mentally after all those loses also to my VIP host i had, they encouraged me to deposit more and more, in the hopes that i will hopefully redeem myself. After losing more, i exploded and said to the live support that i am thinking about suicide, its worth to mention that my mental state had been explained many times to them and comments like these were also made in the past, but this time i also mentioned that i have lost all my money and had no cent left. After hearing this, the VIP host Irene, wich wasnt my VIP host at the time. Decided to Bann me and Excluded me from all of their services.
In late 2022, I was involved in a car accident where my mother was driving. Two men who were drunk and had smoked weed crashed into us. Almost three years later, this issue remains unresolved, and I still suffer trauma from these events. My mother became severely ill and now cannot sit or survive without help from my family. Due to financial struggles, we were evicted from our home because we could no longer pay rent.
These events led to further deterioration of my mental health. I am still unable to receive proper help or see a doctor because I don’t even have social security. At one point, I believed I wouldn’t make it to 24 years old. I was suicidal—and to be honest, I still feel that way sometimes. This whole episode has been starting with the mental struggle i had after i lost my money.
I just want to understand why a company that claims to promote healthy gambling would allow these things to happen. I follow eddies streams every weekend. I watch what they are doing on Kick, and I see the positive impact you have, such as giving away almost $20 million in weekly bonuses. But at the same time, stake has been finding excuses for a case that hasn’t been resolved for three years, despite the significant harm it has caused me.
I cannot understand why a company would allow a human being to go through so much suffering, all while presenting itself as respectful of responsible gambling. Your negligence has made me suicidal. I’m not trying to attack you personally—I just hope you can understand my perspective. I live in hell daily because of this.
Every day, I feel guilty, wondering if I’ll ever redeem my life. Since I was 12, I’ve been the only German speaker in a family of two—my mother and me—after my father left. She is now 67 years old, and the remaining years of her life are doomed by a lack of freedom.
I refuse to give up. I didn’t give up when I was 12, nor when I was suicidal, and I can’t give up on this issue. It’s my only hope for freedom. I’m now 26 years old, and I’ve endured things in the past four years that no 80-year-old could comprehend. I’m over $300,000 in debt, I’ve received death threats, and I haven’t had a single day of therapy—but I try to overcome it all because I’m not a quitter, for the sake of my loved ones and family this needs to be resolved.
I sincerely ask you to refund me the $2 million in crypto that I lost. It was your responsibility as an operator to ensure that individuals from jurisdictions like mine were unable to gamble on Stake. This money was lost under a jurisdiction that does not recognize your license. I did not use a VPN or any other tools to bypass restrictions, as your geoblocking features were undeveloped at the time. Stake also did not comply to responsible gambling statutes they are praising nowadays, in 2022 we were treated like money pigs wich get slaughtered once they spitted all the money out. I think a lot of people will agree when i say that stake did a lot of improvement from 2022 till today.
If this money is refunded, I can finally rebuild my life. And freedom is worth all the money from this world
This is my request. Thank you for reading this far. When I ask for this refund, I’m really just asking for my freedom. At this point.
Best regards,
Mooniak