Topic: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 993. (Read 276713 times)

I have the document, took some thousands of hours!


Do you think it is relevant what an anonymous venture states on its website?

Do you think in Curaçao anonymous ventures make the laws?

Please prove what you wrote.

Where is the URL link to back up your claim?

The acronyms "AML" and "KYC" are not even mentioned once on their Curacao licence issuer website:
https://www.curacao-egaming.com/#page_id-5

Stake is bound by gambling license issuer to ask for KYC in case of deposits and withdrawals.

And there is no obligation for any online casino company to ask for KYC if they are not bound by any rules from the gambling licence issuer.

The Total Prize given by the company is a very common way to present prizes in every kind of products: clothes, watches, books, cars, travels, eSports...
Take for example eSports, in Dota International, Valve always announce a X dollar prize pool, but you know it will be splitted between the top 10 teams (or even more).



Exactly.
And BTW, any company can ask for KYC ("Know your Client" information as it is now called the old "Verify your Identity"): there is no need to be backed by an authority to do that.

Thank you for the post. I read your scenario but am concerned a casino would ask for KYC in that situation.

For example, if the local police, legal authority or casino licence issuer requests those funds to be frozen until KYC is completed (because of a spot random check or as a result of other investigations) then that is definitely acceptable but if they casino operators are playing the KYC game to freeze funds and force customers in to sending ID just because they hold customer funds then it is not acceptable at all.

If somebody deposits 10 BTC then withdraws it after making one, two, three or zero rolls of a dice then what right does the casino have to ask for ID? If the casino is registered in a country and has a licence issued by an authority that imposes a KYC/AML policy then fine no problem, the casino website must state that policy clearly.

In the case of the scammers at Betking, its owner operator Dean Nolan registered the company in Costa Rica where a licence is not needed for gambling.

Stake and Primedice are registered in Curacao and each has its own gambling licence from there.

Cloudbet is registered in Montenegro and has a gambling licence from there.

No matter what amount you deposit, withdraw or win in online casinos there is NO requirement for KYC/AML unless the legal authority of the country your casino is based in asks you to freeze that customers account.

If an online casino asks you for KYC/AML then they are effectively lying behind the facade of "we have an internal system for detection that request KYC". Why would they lie? Well probably with the obvious ultimate goal to steal customer funds.

From what I understand when a casino does KYC it's usually for liability reasons if they get a deposit that's either very large or a deposit from a shady source address such as stolen coins, hacked coins, MtGox coins, etc.

This happened in the past already a few times and many scam accusations were started basically someone deposits like 10 BTC makes 1 roll and then tries to withdraw. In this scenario it seems like a sketchy withdraw so they will have to ask for KYC.

The graphic is almost as if everyone is going to get $250. The reality : if its split between 100 people then on an average everyone will get getting just $2.5 . Sad

EU laws are not applicable for Stake.


1) Illegal casinos like Stake can not have juridical valid TOS. Hence whatever nonsense is stated in their TOS, it is not valid!

2) A casino that have anonymous accounts does not have the right to ask for KYC documentation.

3) If a casino has to enforce KYC procedure by law, then they have to do it as well in case of deposits.

I wanted to give some feedback and wanted to ask what will be done to address the highlighted issues:

1) There are no GDPR (EU law) options on the website

2) There are no Cookie options on the website

Regarding Section 6 of your TOS it states: KNOW YOUR CUSTOMER (“KYC”) Stake reserves the right, at any time, to ask for any KYC documentation it deems necessary to determine the identity and location of a User. Stake reserves the right to restrict service and payment until identity is sufficiently determined.

Could you kindly advise a scenario that Section 6 might be invoked.

Thank you

Makes sense to use Bitcoin as the key coin. Sometimes community might push for something that is not viable for the site owners to implement no matter how much the community wants it.

Okay. I will post Burst's information sheet here for your consideration in case theres a chance that you change your mind. Ty.

Burst has the qualities to be one of the most decentralized coins because of its low energy requirement in mining. One developer from the community made a solar powered node that transmitted a transaction through radio.

"Proof-of-Life” Off-Grid Crypto Transaction


General information

• Name: Burst
• Ticker: BURST
• Number of decimals: 8
• Maximum supply: 2,158,812,800
• Algorithm: Proof-of-Capacity
• Release: no ICO, no premine
• Developers: PoC Consortium

Exchanges listed

• bisq (P2P exchange): BURST/BTC
• Bittrex: BURST/BTC
• Coinroom: BURST/USD, EUR, PLN, GBP, NOK, CHF, CZK, DKK
• Indacoin: BURST/USD, EUR, RUB (Visa & MasterCard)
• Livecoin: BURST/BTC
• Poloniex: BURST/BTC
• UPbit: BURST/BTC
• xchange.me: BURST/BTC, ETH

More information

• Website
• Github
• Explorer
• Wallets
• Whitepaper

Technical support / contact

• [email protected]
• https://discord.gg/AhgBYjD

I think you would get more interest if there was a issue with Bitcoin transaction fees but basically since the beginning of the year you could get away with sending a TX for only 1 sat/byte.

Most likely until that happens again most people will just stick with Bitcoin.

Even if that happens, who knows maybe the lightning network would be more widely used and gambling sites could finally start using the LN. Hence another reason not to use any other coin but Bitcoin itself.

A combination, we had a poll a couple months ago and have been adding in the top coins from that poll. We're open to suggestions but it doesn't make a lot of sense for us to spend a ton of time integrating a coin that isn't widely used.

You are more than welcome to suggest any coin here or on our official forum, but generally speaking we only choose one's with a long lasting reputation and high volume in use. It is highly unlikely we would ever consider one that was born from an ICO, for reasons that many people would understand.

Stunna, how does Stake and Primedice choose which coins to accept in the site? Do you do your own diligence or are you open to suggestions from the general community? Ty.

Welcome to the house of fun! We have a special edition of our weekly promotion this time! Stake has lowered house edge on Chartbet to 0.5%, so now it's the moment to use it to your advantage. This week, it's important to be better, faster and more persistent then usual. But you will be rewarded for it with a big prize! Win a bet in Chartbet with a multiplier as high as you can go. You can participate with one bet and one bet only, but you can edit your post and post a new bet if you win with a higher multiplier later throughout the week. Make sure you read the requirements below carefully! Top 10 winners will be rewarded.


Requirement

• Win a bet in Chartbet with a multiplier as high as you can get.
• You can participate with one bet only, but you can edit your post and add a new bet if you catch higher multiplier.
• You have to post the bet on the same day when you have made it.
• Minimum bet is 100 satoshi or 1200 ether or 10000 litoshi.
• Bets must have been made after the commencement of this promotion.
• Ghost mode must be disabled.
• 10+ Post count on forum.

Prize

• 1st Place: 0.03 BTC
• 2nd Place: 0.02 BTC
• 3rd Place: 0.01 BTC
• 4th Place: 0.005 BTC
• 5th Place: 0.003 BTC
• 6th - 10th Place: 0.0024 BTC

How to Enter

Respond to this topic on our official forum: https://forum.stake.com/topic/12938-house-of-fun-chartbet-challenge/
Feel free to discuss the promotion here, but all entries need to be posted on the topic provided in the above link.

This week you're being given a chance to become a Flame Plinko Wizard 🔥. But only the fearless ones who manage to light Plinko on fire with high multipliers deserve this title. To master the art of the fire, one of the greatest sources of energy, you will need to hit at least two out of three highest Plinko multipliers (420x, 620x. 1000x).  

All players who achieve the challenge in the next 7 days, will get a share in the prize pool! There is no limit to the amount of winners, and the more players who get involved the higher the prize pool! So if you get more players involved, then you win more!


Requirement

• Hit at least two out of three highest multipliers: 420x, 620x, 1000x.
• Minimum bet is 100 satoshi or 1200 ether or 10000 litoshi.
• Bets must have been made after the commencement of this promotion.
• Ghost mode must be disabled.
• 10+ Post count on forum.

Prize (based on amount of unique players)

• Minimum prize pool: 0.01 BTC
• If over 30 participants: 0.03 BTC
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• If over 50 participants: 0.08 BTC

How to Enter

Respond to this topic on our official forum: https://forum.stake.com/topic/12939-flame-wizard-plinko-challenge
Feel free to discuss the promotion here, but all entries need to be posted on the topic provided in the above link.

Thank you for the reply and explanation. Well as long as it does not abuse Terms of Service and is within fair play then I see no problem with having multiple accounts unless a website strictly forbids it.