Stake continues to operate in a gray area in India by allowing INR deposits, which poses significant legal risks for users. Recent reports suggest that two Indian players were arrested for depositing large sums of money on Stake.com, raising serious concerns under anti-money laundering regulations.
Funds are allegedly being transferred to Australia without paying GST, directly linked to operations that involve Eddie and his associates through Gibraltar. This not only jeopardizes the financial safety of users but also puts them at risk of severe legal consequences.
I urge Stake to reassess its practices immediately. Allowing such operations to continue not only tarnishes the company's reputation but also exposes your users to potential arrests and legal repercussions. If these issues are not addressed promptly, I will have no choice but to escalate this matter to the appropriate authorities.
Take this warning seriously and act responsibly before it’s too late.