Stake KYC & AML Policy

Stake applies KYC and AML procedures to verify the identity of every account holder, prevent fraudulent activity, and combat financial crime across its casino and sportsbook platform. These procedures support several guarantees for account holders in Nigeria:

• Fair play through verified, genuine accounts;
• User safety via protection against identity theft and unauthorized access;
• Transparency in how personal data and funds are handled;
• Regulatory compliance with Nigerian and international financial crime prevention laws.

Every new user registering with Stake must complete an ID verification process before full account access is granted. Document submission may be requested from the following categories:

• Photo identification issued by a government authority, such as a national ID card, passport, or driver’s license;
• Proof of residential address, confirming the account holder’s current location;
• Confirmation of ownership for the payment method linked to the account.

Stake maintains a range of security measures and controls designed to prevent money laundering, terrorism financing, and other illegal activity on its platform. These controls include:

• Transaction monitoring across deposits, withdrawals, and betting activity;
• Automated detection rules that flag unusual account behavior;
• Enhanced due diligence applied to accounts or events identified as high risk;
• Manual review of large or unusual fund transfers;
• Risk scoring assigned to accounts based on activity patterns;
• Sanctions and politically exposed person (PEP) screening;
• Submission of reports to competent authorities in line with applicable reporting obligations.

Certain actions are restricted on Stake to uphold KYC and AML standards and protect the integrity of the platform. Prohibited activities include:

• Operation of multiple accounts linked to a single individual;
• Submission of forged, altered, or stolen identification documents;
• Attempts to launder funds through deposits, bets, or withdrawals;
• Manipulation of game outcomes or betting systems;
• Transfer or sale of account access to third parties;
• Use of payment instruments not registered under the account holder’s name;
• Misrepresentation of identity or submission of false personal data.

Violation of KYC and AML requirements results in enforcement action by Stake. Measures applied depend on the nature of the breach and may include temporary or permanent account suspension, freezing or confiscation of funds linked to suspicious activity, cancellation of bets or winnings, and reporting to competent authorities where applicable.

Account holders carry specific responsibilities to support compliance and account protection on Stake. Accurate personal data must be provided at registration and kept updated whenever changes occur. Verification requests, including document submission, should be completed within the timeframe specified by the platform. Only payment methods registered under the account holder’s own name may be used for deposits and withdrawals. Any suspicious activity observed on an account or the platform should be reported promptly through official support channels.

Stake maintains fair play and transparency standards to protect account holders and preserve a secure environment for the casino and sportsbook platform. These standards rest on the following principles:

• Compliance with established KYC and AML regulatory requirements.
• Confidentiality and protection of personal data collected during verification.
• Ongoing monitoring for suspicious activity across accounts and transactions.
• Prevention of manipulation, collusion, and unfair betting behavior.
• Support for account holders on matters related to account security and responsible gaming.
• Shared responsibility between the platform and its users for a safe environment.
• Equal conditions applied to all account holders regardless of location or status.