As of April 9, 2023, Stake.com has halted its services for players in Ontario. The decision stems from their lack of a license from the Alcohol and Gaming Commission of Ontario, as they are actively pursuing legal authorization to operate within the province. Visitors accessing the site from Ontario will encounter a message reflecting this status. Consequently, Stake.com is presently not recognized as a legal sportsbook or casino in Ontario.
Stake.com, distinguished as a crypto sportsbook and casino platform, has garnered attention in the online gambling sphere due to its distinctive marketing approach. In a bid to reach a global audience, the platform has secured sponsorship deals with notable entities such as Watford FC and Everton FC in the English Premier League, along with Team Alfa Romeo in Formula 1. Of particular significance in the Canadian and Ontario markets is their collaboration with Toronto Hip Hop icon, Drake, providing them with heightened visibility, especially among younger fans.
Does Stake.com serve the rest Canada?
Regarding service in the rest of Canada, Stake.com, though not legally operational in Ontario, caters to the “rest of Canada” from its Curaçao iGaming jurisdiction, positioning itself as an offshore operator in the “grey market.” This includes residents of Alberta, BC, Manitoba, Saskatchewan, Quebec, the Atlantic Provinces, and the Territories.
However, despite its availability in the rest of Canada, it is not recommended for typical Canadian sports fans and bettors, whether recreational or high-stakes players. Stake.com’s status as a crypto betting site and casino introduces complexities that may be unwelcome to a significant portion of the Canadian betting community. Detailed explanations on the pros and cons are provided below for those considering playing at Stake.com.