Quote from: Bitcoin Smith on April 03, 2025, 04:01:11 PM

Quote from: kingbj21 on April 02, 2025, 07:56:22 PM

~
Anna, the reason Stake allows UPI deposits in the first place is because they are exploiting a legal loophole. The company you’re sending money to doesn’t actually exist—it's just a front. By making these payments, you’re unknowingly helping Stake with money laundering. Stake is a fraudulent company, bro.

I can see tons of Indian celebrities are promoting stake, so if what you are saying is true then how come the government didn't notice?

My knowledge about the legalities are very limited so I am not gonna make any comment on it.

But as I said it will be easier if we just use the crypto in future deposits, so we don't have to face any of these challenges and avoid all the fuss.

That's a fair question bro, but here’s the key point — the issue isn’t crypto gambling. The real problem is how Stake is abusing India’s UPI system using shady fronts while pretending to be a “safe” platform because celebrities endorse it.

Let me break this down clearly:

✔️ Crypto gambling? Not inherently illegal in many parts of the world, including India.
❌ Accepting INR through UPI for offshore betting? That’s the problem.

Stake is routing UPI payments through fake merchant accounts with no licensing, no transparency, and no traceability. This not only violates Indian law (FEMA, anti-money laundering laws, RBI compliance, etc.) — it also puts users like you at risk if banks flag your account.

Now about those celebrities...

Indian cricket icon Krishnamachari Srikkanth (a.k.a. “Cheeka”) openly promoted Stake through affiliate links like:
https://stake.com/?c=bleedblue

https://stake.com/?c=Cheeka

https://www.youtube.com/watch?v=TztUD31xmkU&t=11s

He literally drove Indian users into IPL betting. Think about that. A national sports icon promoting illegal offshore gambling to his own people—just to earn a commission.

What changed this year? He quietly stopped promoting them. Why?

Because the legal heat is real. The Indian government has already issued notices and ISP bans against Stake.

This isn’t just about compliance—it’s about deception. Stake wraps itself in influencer marketing, lures people in with fake “local” payment methods, and leaves you stranded when you hit trouble.

Crypto might “avoid the fuss,” but it doesn’t change the reality: this company is rigged top to bottom—from its blackjack logic to its banking backend.

If Stake is truly legitimate, why not fully operate in crypto only? Why risk legal trouble by funneling INR through illegal payment processors?

Because the whole setup is meant to hide, deceive, and launder.

So bro, it's not about you being wrong for using Stake. It’s about you seeing through the smoke before you get burned.

👉 Stake.com: Important Update: Regulatory Action in India & ISP Ban

Stay safe. Stay smart.
Don’t fall for influencer hype.