Privacy Policy for Stake India
This Privacy Policy explains how Stake collects, uses, and protects your personal data when you use our website and services in India. By registering an account, you consent to the processing of your data in accordance with this policy.
Information We Collect
To provide our services and comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, we collect:
- Identity Data: Full name, date of birth, gender, and nationality.
- Contact Data: Email address, phone number, and residential address.
- Verification Documents: Government-issued ID (Aadhaar, PAN card, Passport, or Voter ID), utility bills, and “liveness” facial checks.
- Financial Data: Transaction history, crypto-wallet addresses, and source of funds documentation.
- Technical Data: IP address, device type, browser information, and geolocation data.
Purpose of Data Processing
We process your personal information for the following reasons:
- Service Delivery: Managing your account, processing bets, and handling withdrawals.
- Legal Compliance: Fulfilling KYC/AML obligations and preventing identity theft or fraud.
- Security: Using SSL encryption and blockchain-based verification to ensure platform integrity.
- Marketing: Sending promotional offers (only with your explicit consent).
Data Sharing and Third Parties
We do not sell your data. However, we may share information with:
- Verification Services: Third-party providers to verify your identity.
- Regulatory Bodies: Indian government authorities or law enforcement when legally required.
- Group Companies: Our affiliates for internal administrative purposes.
Data Retention
We retain your personal data for as long as your account is active. Following account closure, we are legally required to store certain financial and identity records for up to 7 years to comply with tax and AML regulations.
Your Rights
As a user in India, you have the following rights:
- Right to Access: Request a summary of the personal data we hold about you.
- Right to Correction: Update inaccurate or incomplete information.
- Right to Erasure: Request deletion of your data (subject to legal retention requirements).
- Right to Withdraw Consent: You can opt-out of processing at any time, though this may result in account closure.
Security
Stake employs industry-leading security measures, including End-to-End Encryption (SSL) and Provably Fair technology, to protect your data from unauthorized access, loss, or alteration.
Contact Us
For any questions regarding this Privacy Policy, please contact our support team at support@stake.com.