Stake Prepares for Regulated Markets Push, Starting With Latin America

A Stake director says the crypto casino can run several licensed launches at once, after Mexico and Buenos Aires province took it to five regulated Latin American markets.

Francis Gable

12/11/26 · 2 minNovember 12, 2026 · 2 min read

Stake is steering its next phase of growth toward locally licensed markets, its executives told iGaming Business in an interview published Nov. 12.

The shift puts a brand built on crypto play and grey-market reach under local rules on advertising, identity checks and taxes. Licenses in Mexico and Argentina's Buenos Aires province in 2026 took Stake to five regulated Latin American markets, according to the interview.

Our direction is very clearly towards regulated markets. That doesn't mean every market moves at the same speed.

Jarrod Febbraio has been a Stake director since November 2025. He said Stake will judge each country on its own rules.

Stake Keeps the Brand Global and the Rules Local

Febbraio said the priority is making sure local requirements "don't compromise the experience that made Stake successful in the first place." He cited fast withdrawals and prompt identity checks.

Chief Marketing Officer Akhil Sarin said each regulated market sets its own rules on what Stake can say and where it can advertise. "The brand can be global, but the execution has to work locally," he said.

Streamers will stay central, Sarin said. A March 2026 report by analytics firm Hatchet found Stake in 6,600 stream titles on Twitch and Kick in January 2026, iGaming Business reported.

Grey Markets Still Shadow the Shift

Stake went live in Mexico on May 4 under a federal permit from the Interior Ministry, operating through permit holder Uno Capali, according to multiple industry reports. In Buenos Aires province, a local licensee runs the brand, according to El Economista.

Not every regulator sees Stake as a licensed operator. In September, Nigeria's federation of state gaming regulators and the Lagos gaming authority declared it illegal and told banks to stop serving it, saying it had ignored 10 compliance notices. Stake declined to comment to iNTERGAME.

Febbraio said Stake is "actively monitoring" other Latin American markets and will move "when we think the conditions are right," naming no country or date. The nearest test is Brazil, where Stake is appealing the ruling that shut its Brazil site again.

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