STAKE.MX

History

STAKE.MX is the Mexican domain of the global Stake brand, which was founded in 2017 by Ed Craven and Bijan Tehrani as a cryptocurrency-first online casino. The brand expanded rapidly, becoming the world's largest crypto casino, and later entered fiat-currency markets. In May 2026, Stake launched in Mexico via the domain stake.mx, obtaining a permit from Mexico's Secretariat of the Interior (SEGOB) through a local partnership with Uno Capali. The launch was strategically timed weeks before the 2026 FIFA World Cup, co-hosted by Mexico, to capture increased sports betting interest.

Business Model and Products

The platform operates under a permit-based structure and offers a full suite of gambling products. It features a sportsbook covering football (especially Liga MX and World Cup events), thousands of slot titles from major providers, live dealer tables, and proprietary "Stake Originals" games such as Crash, Dice, Limbo, and Plinko. Deposits and withdrawals are accepted in Mexican pesos and cryptocurrencies, providing flexibility for local users. The site is mobile-optimized and inherits the global Stake platform technology.

Market Position and Competition

Mexico's iGaming market is estimated at USD 970 million in 2026 with eight million active players. Stake's entry adds to its Latin American footprint, which already includes Colombia, Peru, and Brazil. The brand's strong marketing presence through high-profile sponsorships (UFC, F1 Sauber, football clubs) is leveraged in Mexico. Competitors include other international operators with Mexican licenses.

Licensing and Regulation

Stake operates under a SEGOB permit (reference DGJS/DCRCA/2501/2021) via a local agent agreement with Uno Capali, complying with Mexico's 1947 Federal Law of Games and Raffles. However, the parent company Medium Rare N.V. is registered in Curaçao, and customer support and dispute resolution route back to Curaçao, which may raise concerns for some users. Responsible gambling tools such as deposit limits and self-exclusion are integrated.

Risks and Considerations

Primary risks include the association with unregulated crypto gambling, as despite having several regulated licenses, the Mexican domain is not a separate legal entity. User reviews for the global site are positive, but the Mexican site is too new for independent reviews. The lack of a separate corporate structure means that any issues are handled by the Curaçao entity.