When you sign up for Stake you agree to a series of terms and conditions, these conditions are broad but are put in place to prevent abuse. Every betting account is given their own limits, when your limits were reduced you started making additional accounts and providing false documents not belonging to you in an attempt to defraud us. You even went on Stake chat and made offers to buy accounts that had limits over $10k on specific sports. None of this was recreational action, you amassed at minimum 15 accounts and used these to profit significantly off your "value bets" which you also offered to sell to other chatters.
Primarily having access to a faster feed on the french open and cashing out at points of value right before an odd swing was a great strategy for you . When placing that same bet across 15 account you were able to make these "value bets" very profitable as it was a positive expected value initiative for you, you even offered to sell these bets given how confident you were in them. We have a right to refuse action from players like you which we did, you were able to get your money out on your initial accounts. Then you continued to buy and make accounts and we continued to limit but you kept buying or farming more accounts. On just Palamar (OP's account) you earned profit of $53k using "value bets".
Stake chat Logs from Palamar translated from Russian
3:32 PM 5/22/2022 ru
Есть у кого акки где прием на теннис 10к$?
Translation: Does anyone have an account where the admission to tennis is $ 10k?
1:04 AM 5/22/2022 ru
от 10к$
Translation: from 10k$
1:02 AM 5/22/2022 ru
Кто крупно ставит есть?
Translation: Who bets big?
12:59 AM 5/22/2022 sports_en
WHo need valuebets&
Stake takes advantage from being a crypto offshore casino, and not being as famous as largest sportsbooks but if it makes bad things with their customers I don't think australian authorities will appreciate that, neither american, canadian and english ones since it is doing business with sport organizations and personalities from those countries for advertising.
Yup, they are accountable to no one.
This is why people prefer Vegas and regulated books. But not all countries got a Vegas or a legal book, so they are forced to bet on offshore books. Then this happens and you can do NOTHING (even if your account was verified by the book itself before you started betting lol, funny and scary at the same time)
This user actually reported this matter to our regulators who will review the case, given the mountain of evidence against them I have no doubt we will win.
Primarily having access to a faster feed on the french open and cashing out at points of value right before an odd swing was a great strategy for you . When placing that same bet across 15 account you were able to make these "value bets" very profitable as it was a positive expected value initiative for you, you even offered to sell these bets given how confident you were in them. We have a right to refuse action from players like you which we did, you were able to get your money out on your initial accounts. Then you continued to buy and make accounts and we continued to limit but you kept buying or farming more accounts. On just Palamar (OP's account) you earned profit of $53k using "value bets".
Stake chat Logs from Palamar translated from Russian
3:32 PM 5/22/2022 ru
Есть у кого акки где прием на теннис 10к$?
Translation: Does anyone have an account where the admission to tennis is $ 10k?
1:04 AM 5/22/2022 ru
от 10к$
Translation: from 10k$
1:02 AM 5/22/2022 ru
Кто крупно ставит есть?
Translation: Who bets big?
12:59 AM 5/22/2022 sports_en
WHo need valuebets&
Stake takes advantage from being a crypto offshore casino, and not being as famous as largest sportsbooks but if it makes bad things with their customers I don't think australian authorities will appreciate that, neither american, canadian and english ones since it is doing business with sport organizations and personalities from those countries for advertising.
This is why people prefer Vegas and regulated books. But not all countries got a Vegas or a legal book, so they are forced to bet on offshore books. Then this happens and you can do NOTHING (even if your account was verified by the book itself before you started betting lol, funny and scary at the same time)
This user actually reported this matter to our regulators who will review the case, given the mountain of evidence against them I have no doubt we will win.