Comparison
Stake in Iceland: Review & Alternatives (2026)
Can you play at Stake.com from Iceland? Its own terms, Curaçao licence status, crypto payments, withdrawal rules, tax and casino alternatives (Oct 2026).
By Gunnar SigurðssonFact-checked by Helga BjörnsdóttirUpdated 12 min read
Market: Iceland
Disclosure We may earn a commission if you use our links. It never changes our ratings or the order of a list. Editorial policy
Iceland is not on Stake.com’s list of prohibited jurisdictions, so its terms do not bar Icelandic residents from opening an account. Stake is owned and operated by Medium Rare N.V. in Curaçao under Curaçao Gaming Authority licence OGL/2024/1451/0918, and it holds no Icelandic licence. We have no relationship with Stake, so there are no links to it here. This page lays out what Stake’s own terms say, what that means for a player in Iceland, and which casinos we list as alternatives.
Stake draws about 1,600 Google searches a month in Iceland, plus searches for “stake casino” and “stake.com”. It is best known as a crypto casino and sportsbook with its own “Stake Originals” games. We read Stake’s Terms of Service, deposit bonus requirements and site footer on 8 October 2026.
Stake.com at a glance
| Item | What Stake publishes |
|---|---|
| Operator | Medium Rare N.V., registration number 145353, Seru Loraweg 17 B, Curaçao |
| Licence | Curaçao Gaming Authority, OGL/2024/1451/0918; the CGA register of 2 October 2026 lists it with a 9 Dec 2025 to 9 Jun 2026 period and the status “Assessment in progress” |
| Payment agents | Medium Rare Limited (Cyprus, HE 410775) and MRS Tech Ltd (Cyprus, HE 477481) |
| Iceland | Not among the prohibited jurisdictions in clause 14.3 |
| Icelandic licence | None (Iceland licenses no online casinos) |
| Minimum age | 18, or the local age of majority or gambling if higher (clause 4.5) |
| Payments | Crypto wallets plus other methods shown in the wallet; minimums set in the wallet |
| Languages | 17 in the language menu, including Suomi and Polski; Icelandic is not one of them |
| ISK | Not offered as an account currency in what Stake publishes |
Does Stake accept players from Iceland?
Stake’s clause 14.3 names the “Prohibited Jurisdictions” whose residents and visitors may not use the service. The list includes the United Kingdom, the United States, Sweden, Denmark, Germany, France, the Netherlands, Ireland and Australia, among others. Iceland, Norway and Finland are not on it. On the text of its terms, then, Stake does not exclude Icelandic residents.
Two other clauses shift responsibility to you. Clause 4.5 says Stake will not accept registration from people “residing in jurisdictions from where it is illegal or gambling is not permitted”, and adds that Stake “is not able to verify the legality of the Service in each jurisdiction and it is the User’s responsibility to ensure that their use of the Service is lawful”. Clause 14.4 treats using a VPN or proxy to hide your location as a breach.
The Icelandic law behind that question is set out in our page on whether online gambling is legal in Iceland. In short: money gambling needs a special act of parliament, Stake has none, and no foreign casino is licensed here, but players have not been prosecuted for playing abroad.
The Curaçao licence
Curaçao replaced its old master-licence system with a new gaming law (the LOK), in force since 24 December 2024, and the Curaçao Gaming Authority (CGA) now issues licences directly. Stake’s licence number, OGL/2024/1451/0918, is a licence of that kind, and Stake’s licensing page names it for stake.com. The CGA’s own online-gaming register, dated 2 October 2026, lists Medium Rare N.V. under that number with an issue date of 9 December 2025, an expiry of 9 June 2026 and the status “Assessment in progress”. In other words, the CGA lists the licence as under renewal assessment rather than as a fresh multi-year grant, and its register notes that the overview does not guarantee current validity. Check the latest register before you deposit.
Two limits matter for an Icelandic player. First, the CGA does not handle individual complaints: you go to the casino first and then to one of the alternative dispute resolution bodies the CGA has certified. Second, a Curaçao licence has no standing in Iceland, so no Icelandic body can step in.
Deposits, withdrawals and verification
- How you pay: clause 7.4 lets you deposit from crypto wallets you control or through the other payment methods shown on stake.com. Available methods and limits are listed in the wallet and “may not be available in all countries” (7.9).
- Wagering before withdrawal: you must wager 100% of a deposit before a fiat withdrawal (8.5) or a crypto withdrawal (8.10).
- Same method: withdrawals go back through the deposit method where possible, and Stake may split them across methods (8.3).
- ID checks: Stake may ask for any KYC documents at any time and restrict payments or withdrawals until your identity and location are confirmed (4.8, 8.12).
- Fees and currency: some methods carry fees shown in the cashier, and your bank may add currency charges (7.10). Icelandic card payments in a foreign currency typically carry a bank premium; Landsbankinn’s is 2.30%.
Crypto values move. Stake’s terms remind you that “the value of cryptocurrency can change dramatically”, so a win measured in coins can be worth fewer krónur by the time you cash it out. Our crypto casino guide covers this risk and the Icelandic rules for crypto service providers.
Bonuses at Stake
Stake runs promotions rather than one fixed welcome package, so we do not quote an offer. Its deposit-bonus page explains the rollover: the deposit plus bonus must be turned over by a multiplier, calculated at a 4% house edge, so low-edge games count for less. Sportsbook bets count at 75%. While a rollover is active your currency is locked and a long list of games is excluded. Clause 12.10 lets Stake cancel bonuses not claimed within the claiming period or 60 days, whichever is shorter. If you compare offers, our casino bonus guide shows how to work out the cost of wagering in euros and krónur.
Safer gambling at Stake
Stake has a self-exclusion policy page and points players to Gambling Therapy, an online support service. Self-exclusion at Stake applies to Stake only. Iceland has no national self-exclusion register, so if you need a break from gambling in general, use every site’s tools and call one of the Icelandic services listed below.
Tax on Stake winnings
Stake’s terms make you “solely responsible for reporting and accounting for any taxes” on your winnings. In Iceland, winnings from bets and lotteries are taxable income (lög 90/2003, 7. gr. A-liður 4. tölul.). Only the six Icelandic licensed operators and lotteries that give all their profit to good causes are exempt, so winnings from a commercial Curaçao casino should be declared to Skatturinn.
Before you sign up anywhere: a five-point check
Whether you choose Stake, Coolbet or a casino from our list, the same checks save trouble later:
- Read the country list yourself. Operators change it without much notice, so check the version that is live on the day you register, and look for the clause that covers people who are only travelling.
- Check the licence in the regulator’s register, not just the logo in the footer. For Curaçao that is the CGA; for Anjouan, use the seal ID on the casino’s site.
- Have your ID ready. Both Stake and our listed casinos can ask for documents before the first withdrawal. A passport and a recent bank statement or utility bill usually cover it.
- Work out the currency cost. A €50 card deposit is 6,850 kr. at 137.0 kr. per euro; a 2.30% bank premium adds about 158 kr. The same applies again when you withdraw to a card in krónur.
- Set limits before the first deposit. Deposit and loss limits are easier to set when you are calm than after a losing session. Our responsible gambling guide lists the tools and the Icelandic help services.
Stake compared with the casinos we list
| Point | Stake.com | Casinos in our list |
|---|---|---|
| Licence | Curaçao (CGA) | Anjouan (Comoros); none licensed in Iceland |
| Main payments | Crypto first, plus other wallet methods | Cards, Revolut and Google Pay; crypto at Wildzy and the Softon brands |
| Currency | Crypto and fiat options; no ISK | Euro accounts only, no ISK |
| Welcome offer | Promotions vary; rollover set at a 4% edge | Multi-deposit match packages, 7x to 25x wagering |
| Withdrawal limits | Set in the wallet; 1x deposit turnover first | Minimum €100 (13,700 kr.), at most €1,000 a day and €10,000 a month |
| Icelandic language | No | No; English interface |
Neither side has an Icelandic licence, and neither offers krónur. Stake suits players who already hold crypto. The casinos we list take ordinary Icelandic cards and Revolut and publish fixed welcome packages, which makes the cost easier to calculate, but they cap withdrawals at €1,000 a day. A big win at any of them is paid out over days or weeks, not in one transfer, so plan for that before you play for high stakes.
Alternatives to Stake for players in Iceland
These are the casinos we review and rank for Icelandic players, with offers as seen on 8 October 2026.
The shortlist
- 1
Trixino
777% up to €7,777 (about 1.07m kr.) over 6 deposits
- All 6 deposit bonuses in the slots package carry 7x wagering
- Separate live-casino (300% up to €1,750) and sports (325% up to €1,500) welcome packages
- Withdrawals: minimum €100 (13,700 kr.), maximum €1,000 a day and €10,000 a month; euro accounts only
Visit siteRead review18+. New players only. 7x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 2
Wildzy
600% up to €10,000 (about 1.37m kr.) over 4 deposits
- First deposit 200% up to €1,000; all 4 bonuses carry 10x wagering
- Reloads on Monday, Wednesday and Friday (up to €1,000 each)
- Takes cards, Revolut, Google Pay and crypto; no ISK and no Icelandic interface
Visit siteRead review18+. New players only. 10x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 3
Lucki Casino
450% up to €5,000 (about 685,000 kr.) over 3 deposits
- Weekly slot reloads on Monday, Wednesday and Friday, up to €2,500 each
- Lobby lists 53 slot providers and 12 live-casino providers
- Withdrawals: minimum €100 (13,700 kr.), maximum €1,000 a day and €10,000 a month; euro accounts only
Visit siteRead review18+. New players only. 25x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 4
Slottio
450% up to €3,500 (about 480,000 kr.) over 3 deposits
- Weekly live-casino reloads on Wednesday (100% up to €750) and Saturday (100% up to €1,000)
- Lobby lists 53 slot providers and 12 live-casino providers
- Withdrawals: minimum €100 (13,700 kr.), maximum €1,000 a day and €10,000 a month; euro accounts only
Visit siteRead review18+. New players only. 25x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 5
Smash Casino
600% up to €10,000 (about 1.37m kr.) over 5 deposits
- All 5 slots-package bonuses carry 10x wagering
- Live package 300% up to €2,250 and sports package 250% up to €5,000 (5x)
- Takes cards, Revolut, Google Pay and crypto; euro accounts only
Visit siteRead review18+. New players only. 10x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 6
Kingdom Casino
600% up to €9,500 (about 1.3m kr.) over 4 deposits
- All 4 slots-package bonuses carry 10x wagering
- Reloads on Monday, Wednesday and Friday, up to €1,000 each (10x)
- Takes cards, Revolut, Google Pay and crypto; euro accounts only
Visit siteRead review18+. New players only. 10x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 7
Aphrodite Casino
700% up to €7,000 (about 959,000 kr.) over 5 deposits
- Live-casino welcome package: 300% up to €2,250
- Lobby lists 53 slot providers and 12 live-casino providers
- No ISK and no Icelandic interface; euro accounts
Visit siteRead review18+. New players only. 25x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland. - 8
Wino Casino
600% up to €10,000 (about 1.37m kr.) over 5 deposits
- Sports welcome package 300% up to €3,000 with 5x wagering
- Weekly slot reloads on Monday, Wednesday and Friday, up to €1,500
- No ISK and no Icelandic interface; euro accounts
Visit siteRead review18+. New players only. 25x wagering. T&Cs apply. Offer as seen on 8 October 2026; it may vary by country. ISK figures use the Central Bank of Iceland mid rate of 137.0 kr. per euro (8 Oct 2026). Not licensed in Iceland.
See how they compare in our best online casinos for Iceland, read the Wildzy review or Smash Casino review, check new names on our new online casinos page, or start from the online casino guide and the Iceland Casino home page.
Free help in Iceland
Gambling is for adults (18+) only. If it has stopped being fun, these services are free:
- SÁÁ: 530-7600, [email protected] (free gambling-addiction programme)
- Hjálparsími Rauða krossins: 1717, open 24/7, free and anonymous, also web chat
- GA samtökin (Gamblers Anonymous): 698-3888
- Heilsuvera: 513-1700, or 112 in an emergency
How we checked this page
On 8 October 2026 we read Stake.com’s Terms of Service (clauses 1.1, 4.5, 4.8, 7, 8, 12.10, 14.3 and 14.4), its Deposit Bonus Requirement page and the site footer, and noted the languages in its menu. The licence number was matched between the terms, the footer, Stake’s licensing page and the CGA online-gaming register PDF dated 2 October 2026. A search of fjölmiðlanefnd decisions turned up none naming Stake. Gunnar Sigurðsson wrote the page and Helga Björnsdóttir checked the legal and tax points. Iceland Casino has no commercial relationship with Stake.
Frequently asked questions
Can I play at Stake from Iceland?
Stake’s Terms of Service do not list Iceland among the prohibited jurisdictions in clause 14.3 (checked 8 October 2026). Clause 4.5 still makes you responsible for checking that your use is lawful where you live, and Stake can refuse any account.
Is Stake licensed in Iceland?
No. Stake is run by Medium Rare N.V. under Curaçao Gaming Authority licence OGL/2024/1451/0918. Iceland has no licence for online casinos, and a foreign licence is not recognised here.
Does Stake offer Icelandic krónur or an Icelandic site?
No. Stake’s language menu lists 17 languages, without Icelandic, and we found no ISK account option. Most players use crypto or a payment method in another currency, which means exchange-rate costs.
Do I have to wager my deposit before withdrawing at Stake?
Yes. Stake’s terms require you to wager 100% of the value of a deposit before a fiat or crypto withdrawal (clauses 8.5 and 8.10), and it can ask for ID documents before paying out.
Are Stake winnings taxed in Iceland?
Yes. Winnings from bets are taxable income under lög 90/2003, 7. gr. The exemption covers only Iceland’s six licensed operators and lotteries whose whole profit goes to good causes.
Who owns Stake.com?
Stake.com is owned and operated by Medium Rare N.V. (registration 145353), Seru Loraweg 17 B, Curaçao. Payments may be handled by its Cyprus subsidiaries Medium Rare Limited and MRS Tech Ltd.
Why doesn’t Iceland Casino link to Stake?
Stake is not a partner, so we cover it factually without links. The casinos in our toplist are the ones we review and rank for Icelandic players.
Sources
- Stake.com: Terms of Service, read 8 Oct 2026 (stake.com/policies/terms)
- Stake.com: Deposit Bonus Requirement, read 8 Oct 2026 (stake.com/policies/deposit-bonus-requirements)
- Stake.com: Licences (stake.com/licenses)
- Curaçao Gaming Authority: online gaming licence register (2 Oct 2026, PDF) (gamingcontrol.spin-cdn.com/media/license_registry/20261002_20261002_ogl_registry.pdf)
- Curaçao Gaming Authority: licence register page
- Alþingi: Lög um happdrætti nr. 38/2005
- Alþingi: Lög um tekjuskatt nr. 90/2003
- Landsbankinn: price list, 23 Apr 2026
About the author
Gunnar Sigurðsson
Casino reviews, bonuses and games
Gunnar writes Iceland Casino's English casino reviews and bonus guides, and the pages on games such as slots and live casino. He starts every review with the casino's own terms rather than its promotion banner, and works out what a bonus costs to clear in euros and krónur before he calls it good value. He records the date he saw each offer, flags withdrawal caps and maximum-bet rules, and points out what a casino does not offer Icelandic players, such as ISK accounts. Every page he writes is checked by a second editor.
