Provider

Reclaim Stake losses in Austria

Online casino without an Austrian licence.

Crypto casino No Austrian concession

Have your Stake losses assessed

Free initial assessment. You give the loss amount, the operators and the period, the reply comes directly from the firm.

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    Provider data

    Registered office
    Seru Loraweg 17 B, Willemstad, Curaçao
    Contracting party
    Medium Rare N.V.
    Licence
    Curaçao, licence OGL/2024/1451/0918
    Parent group
    not stated
    Products
    Crypto casino
    Austrian concession
    no

    These names appear on your bank statement

    Your bank or credit card statement usually does not show the brand Stake, but the name of the operating company: Medium Rare N.V.

    These names make it easier to find your own payments in the statements. Whether a recovery claim follows from them is assessed free of charge in the individual case.

    Anyone who has lost money with Stake can reclaim that loss under Austrian law. The operating entity does not hold an Austrian concession, the gambling contract is therefore void and the stakes are reclaimable on the rules of unjust enrichment. The Austrian Supreme Court has confirmed this line in settled case law, most recently in 6 Ob 31/24p.

    About the brand

    Stake (founded in 2017) is the world’s largest and best-known crypto online casino. Instead of using conventional currencies like the Euro, the platform is primarily based on deposits and withdrawals in cryptocurrencies. The casino gained worldwide fame through massive sponsoring, including being the main sponsor of the Sauber F1 Team in Formula One, of FC Everton, and through marketing partnerships with global stars such as the rapper Drake.

    The operator and its licence

    Stake is operated by Medium Rare N.V., based in Seru Loraweg 17 B, Willemstad, Curaçao, and runs a crypto casino for the European market. The company holds the licence Curaçao, licence OGL/2024/1451/0918. It does not hold a concession under the Austrian Gambling Act. Yet anyone offering gambling services to players resident in Austria needs exactly that concession.

    How casino losses are recovered

    Under settled case law of the Austrian Supreme Court, contracts between Medium Rare N.V. and players resident in Austria are void. The amounts paid in were transferred without a valid legal ground and are reclaimable on the rules of unjust enrichment (§ 1431 ff. of the Austrian Civil Code). The Supreme Court confirmed this line most recently in 6 Ob 31/24p. The limitation period is thirty years (§ 1478 of the Civil Code).

    Jurisdiction and enforcement

    Claims are brought before the Austrian court of the player’s place of residence. Enforcement of an Austrian judgment against a company based in Curaçao follows different rules than enforcement within the EU; a direct EU enforcement track is not available. Additional levers come into play, such as personal liability of the acting managing directors or action against European payment service providers handling the casino’s transactions. Commercial enforceability is assessed in the individual case.

    What you need to start

    For a free initial assessment, the operators concerned and an approximate total loss are sufficient. You do not need to gather documents yourself, the firm does that. A response from Dr. Oliver Peschel arrives within a few business days. Send a request or read the recovery guide in detail.

    Legal basis by product

    Crypto casino
    Austrian Gambling Act (GSpG)

    Provider data verified and continuously maintained. Updates are tracked in the provider overview.

    Frequently asked

    Frequently asked questions about Stake

    Which name appears on the bank statement for Stake?
    The contracting party is the operating company Medium Rare N.V., based in Curaçao. Because Stake settles primarily in cryptocurrencies, the bank account often shows no booking by the casino at all, only the purchase of the cryptocurrency at an exchange or a wallet service. The trail to the deposit then runs through the transaction records on the blockchain. Bank statements and, where available, the crypto records are sufficient for the review. Details on the debit entry
    Is Stake legal in Austria?
    The operating company Medium Rare N.V., based in Curaçao, holds no concession under the Austrian Gambling Act. Anyone directing an online casino at players resident in Austria needs exactly that concession. Without it, the gambling contract is void under the settled case law of the Austrian Supreme Court, most recently confirmed in 6 Ob 31/24p.
    Can I reclaim my losses with Stake?
    Because the gambling contract is void, the stakes were paid without a valid legal ground and are reclaimable on the rules of unjust enrichment (§ 1431 ff. of the Austrian Civil Code). Whether and to what extent a recovery can be enforced in the individual case is something we assess free of charge, based on the loss amount and the period concerned. With a crypto casino, the transaction records on the blockchain serve as additional evidence.
    Can a judgment against a company in Curaçao be enforced?
    Medium Rare N.V. is based in Curaçao, so a direct EU enforcement track, as available within the Union, does not apply here. Additional levers come into play, such as personal liability of the acting managing directors or action against European payment service providers handling the casino's transactions. Commercial enforceability is assessed in the individual case.
    Are older losses with Stake already time-barred?
    Claims based on unjust enrichment only become time-barred after thirty years under § 1478 of the Austrian Civil Code. Deposits made several years ago can therefore as a rule still be pursued. We clarify the exact period in the initial assessment.
    What does the initial assessment cost?
    The initial assessment is free and without obligation. The operator concerned and an approximate total loss are enough for the review, and the firm gathers the documents. A response from Dr. Oliver Peschel arrives within a few business days.

    General questions about recovery

    What does the initial consultation cost and how does it work?
    Free of charge and without obligation. You send us your list of casinos and loss amounts, we assess prospects, clarify funding options and usually reply within a few working days. A phone call is possible but not mandatory. Only when we agree on the mandate and you sign the mandate agreement do we start the actual work. Before that, no costs arise for you.
    Are crypto casinos also actionable?
    Yes, for two reasons: first, gambling with crypto stakes is subject to the Austrian Gambling Act because the element of staking something of value is met. Second, none of the typical crypto casinos (Stake, Roobet, Bitstarz and the like) holds an Austrian concession. Recovery follows the same rules as for fiat casinos. The additional challenge lies in enforcement, because many crypto operators are based in third countries such as Curaçao. We assess economic enforceability on a per-case basis.
    How far back can I sue for losses at online casinos?
    Unjust-enrichment claims arising from void gambling contracts are subject to a 30-year limitation period in Austria (§ 1478 of the Civil Code, ABGB). Losses from the past three decades are therefore in principle actionable, provided the operator had no Austrian concession during the relevant period. Documentation becomes harder the older the losses, because casinos only provide playing histories for a limited time. Keep old bank statements and operator e-mails, both help with evidence.
    How does communication with the law firm work?
    The mandate process is fully digital. You send us your loss list by e-mail or via the contact form, we review, get back to you with an initial assessment and provide the mandate agreement and power of attorney for electronic signature. In-person meetings are not required but are available at any time. For follow-ups you reach Dr. Oliver Peschel or his team directly, no call centre and no automated queue.