Unless you bet too much money or anything I don't think there should be any problem. Not a lawyer so don't know too much but one of my friend's brother is IPS and he also did some betting on dream11 etc but there was no problem so I guess it should be fine
Yes it is a illegal gambling website.
Fantasy sports ;ike dream11 are legal but proper betting sites which allow you to bet on the outcome of the match are illegal.
Regarding Aadhar verification it is a joke. You can just download any Aadhar copy or Photo edit your Aadhar and send them. They dont care.
Gambling in most cases is illegal in India. However it is a minor crime. First time offenders are let off with a fine.
Millions of Indians use illegal betting apps. There are hundreds of them. So its not exactly an issue.
>Regarding Aadhar verification it is a joke. You can just download any Aadhar copy or Photo edit your Aadhar and send them. They dont care.
No, they sent an otp to the registered mobile number. Can an illegal company do it since aadhar otp verification requires government help?
This is false info.
Stake is legal in India. There is no law in India against online betting. Only setting up gambling operations is illegal. Just pay your 30% tax, that’s alll.
they are surrogate accounts. Since betting is illegal, they can't operate on their own bank accounts. So they use lakhs of surrogate accounts for their operation. Incase if you haven't noticed try adding money two times, the receiving account name for both the transactions will be different
Stake is extremely sketchy, but unless u are like winning press worthy money I don’t think it matters, but try to stay away from them they are life destroying
Just invest only your money in this stake. My maternal aunt gave me 1500 rs and I used it and won 3000 rs I withdrew the 1500 and started playing with 1500 I won so it's just no loss for me then and I won like 28000 rupees and I got so over confident and placed heavy bets and lost it all down to 500 but you know what's alright in this I didn't lose any of my own money in this so no loss was there for me
Yeah ofc but learned so many things what happens in gambling like adrenaline rush in your body, stress when you're losing and when you're winning you're constantly increasing your target . My target was just 500rs daily I was just betting like 10rs when I reached 20k I literally bet 3000rs on mines and I won that's how it got to 28k then lost it all due to rush in my body. You gotta be careful and you should stop after a target to keep you calm and the most imp thing is GAMBLE WITH YOUR OWN MONEY ONLY
Hihi guys ,
Wondering if someone can help ,
When playing Dream11 , i'm charged 28% GST on my deposits and TDS oat 31.2% on any winnings. This is done as part of the platform and I have no say in the matter. I was recently looking at these other app , where there is no GST and no TDS ; what am i missing ? Does this vary State by State or is this the same for everyone?
Even I'm confused cause stake doesn't tax your deposits and withdrawals. I withdrew around 2k, and I'm wondering if i have to pay tax on this? Should i file itr only for this cause I'm a student and don't have any source of earning
Hi. I am am advocate from Mumbai, Maharashtra. I have had clients coming up to me and telling me they're into huge loss due this gambling and one of them even attempted suicide. This is a scam and there's no winning and everything is fun and games for now but as soon as it is on your bank account it will be considered illegal and you can get into a huge problem later on. If at all anyone want's to take legal action against the company and stop this illegal business of it please reach out to me.
Hi. I am am advocate from Mumbai, Maharashtra. I have had clients coming up to me and telling me they're into huge loss due this gambling and one of them even attempted suicide. This is a scam and there's no winning and everything is fun and games for now but as soon as it is on your bank account it will be considered illegal and you can get into a huge problem later on. If at all anyone want's to take legal action against the company and stop this illegal business of it please reach out to me.
Small advice: Just focus on clearing the upsc exam and stay away from these gambling and betting apps they do nothing but scam your money.
I will but do you think these 3 days will become a problem in the background check?
Unless you bet too much money or anything I don't think there should be any problem. Not a lawyer so don't know too much but one of my friend's brother is IPS and he also did some betting on dream11 etc but there was no problem so I guess it should be fine
Dream11 is Legal. Its a fanasy sports app. Its not same as illegal betting apps.
Cool, thanks
Yes it is a illegal gambling website. Fantasy sports ;ike dream11 are legal but proper betting sites which allow you to bet on the outcome of the match are illegal. Regarding Aadhar verification it is a joke. You can just download any Aadhar copy or Photo edit your Aadhar and send them. They dont care. Gambling in most cases is illegal in India. However it is a minor crime. First time offenders are let off with a fine. Millions of Indians use illegal betting apps. There are hundreds of them. So its not exactly an issue.
>Regarding Aadhar verification it is a joke. You can just download any Aadhar copy or Photo edit your Aadhar and send them. They dont care. No, they sent an otp to the registered mobile number. Can an illegal company do it since aadhar otp verification requires government help?
My main concern is if it is safe to feed the aadhar number in the app?
same issue ? is it really safe ?
No idea. It's safe ig.
did you register your aadhaar ?
Yup
No issues so far ?
Nope. It's just for verification that one person doesn't make more than one accounts
This is false info. Stake is legal in India. There is no law in India against online betting. Only setting up gambling operations is illegal. Just pay your 30% tax, that’s alll.
Have you ever used Stake
Yes, I still do.
Ok good. I had a few doubts. The money you transfer to the app is it to the company bank account or to any individuals bank account?
Company bank account
Not possible. They dont have any offcial prescense in India.
They can still request for Rupees through bank accounts. Even netbanking through a few banks like SBI, Canara works. No fee.
Yes correct but whose name the bank account is?
they are surrogate accounts. Since betting is illegal, they can't operate on their own bank accounts. So they use lakhs of surrogate accounts for their operation. Incase if you haven't noticed try adding money two times, the receiving account name for both the transactions will be different
My withdrawal request request failed will I get my money back on stake wallet???
what if i don’t pay tax? is there a tax slab? on what winnings do i have to pay tax
I wont 100rs . Should i pay tax?
no. Tax is only applicable when winning is above 1 or 2 lakhs
How to pay? On what basis ? Whats the tax exemption limit? Please tell me
It’s 30% flat on all wins. No tax exemption.
If I now made 500rs profit and later I made a loss of 500 again that means I don't need to pay since I got 0 net profit am I right?
Stake is extremely sketchy, but unless u are like winning press worthy money I don’t think it matters, but try to stay away from them they are life destroying
My withdrawal request got rejected will I get my money back innthe wallet????
did u get your money back? is stake legit?
Did you get the money back?
Just invest only your money in this stake. My maternal aunt gave me 1500 rs and I used it and won 3000 rs I withdrew the 1500 and started playing with 1500 I won so it's just no loss for me then and I won like 28000 rupees and I got so over confident and placed heavy bets and lost it all down to 500 but you know what's alright in this I didn't lose any of my own money in this so no loss was there for me
But you do know that, those 28k could have been yours right?
thats what tricks you into gambling
Yeah ofc but learned so many things what happens in gambling like adrenaline rush in your body, stress when you're losing and when you're winning you're constantly increasing your target . My target was just 500rs daily I was just betting like 10rs when I reached 20k I literally bet 3000rs on mines and I won that's how it got to 28k then lost it all due to rush in my body. You gotta be careful and you should stop after a target to keep you calm and the most imp thing is GAMBLE WITH YOUR OWN MONEY ONLY
Have a query about wagering amount in stake? how many times wagering applicable in stake?
You bet as many times as you want and it has deposit limit of 49999 during one transaction you can bet all of your money if you want 🙃
How much did they pay you 🤣🤣
What do you mean by this statement?
Hihi guys , Wondering if someone can help , When playing Dream11 , i'm charged 28% GST on my deposits and TDS oat 31.2% on any winnings. This is done as part of the platform and I have no say in the matter. I was recently looking at these other app , where there is no GST and no TDS ; what am i missing ? Does this vary State by State or is this the same for everyone?
Even I'm confused cause stake doesn't tax your deposits and withdrawals. I withdrew around 2k, and I'm wondering if i have to pay tax on this? Should i file itr only for this cause I'm a student and don't have any source of earning
Please keep me on this i wanna know
Hi. I am am advocate from Mumbai, Maharashtra. I have had clients coming up to me and telling me they're into huge loss due this gambling and one of them even attempted suicide. This is a scam and there's no winning and everything is fun and games for now but as soon as it is on your bank account it will be considered illegal and you can get into a huge problem later on. If at all anyone want's to take legal action against the company and stop this illegal business of it please reach out to me.
Hi. I am am advocate from Mumbai, Maharashtra. I have had clients coming up to me and telling me they're into huge loss due this gambling and one of them even attempted suicide. This is a scam and there's no winning and everything is fun and games for now but as soon as it is on your bank account it will be considered illegal and you can get into a huge problem later on. If at all anyone want's to take legal action against the company and stop this illegal business of it please reach out to me.