Online betting platform Stake has rolled out a new referral code promotion for Indian users, offering a 200% welcome bonus on first deposits. The move comes as competition in India’s online betting market continues to grow ahead of major sporting events this year.
Under the new offer, players who register using the referral code TIGSTA can receive a bonus of up to ₹1,20,000. The minimum deposit required to activate the promotion is ₹500.
How the Referral Offer Works
The promotion allows new users to receive bonus funds equal to 200% of their first deposit when they sign up using the Stake referral code. For example, if a user deposits ₹5,000, they can receive ₹10,000 in bonus credits, giving them a total of ₹15,000 to use on the platform.
However, the offer linked to the Stake referral code includes a 40x wagering requirement. This means players must bet the combined total of their deposit and bonus 40 times before they can withdraw any winnings connected to the bonus.
The bonus activated through the Stake referral code can be used across both sports betting and casino games available on the platform.
Strong Focus on Cryptocurrency
Stake continues to promote itself as a crypto-friendly betting site. The platform supports popular digital currencies such as Bitcoin, Ethereum, and Tether. While users in India can view balances in Indian Rupees (₹), deposits and withdrawals are mainly processed through cryptocurrency.
One of the platform’s main attractions is its fast withdrawal system, especially for crypto transactions, which are often completed within minutes.
Growing Betting Market in India
India’s online betting industry has seen rapid expansion in recent years. Operators are offering larger welcome bonuses, cashback deals, and referral incentives to attract new customers.
Referral codes have become a key marketing tool, allowing platforms to grow their user base while offering attractive incentives to first-time players.
Terms and Responsible Play
The referral code must be entered during the sign-up process and cannot be added later. The offer is available only to new customers and is subject to standard terms and conditions.
Experts continue to remind users that online betting involves financial risk. Players should always set spending limits and ensure they understand the legal rules in their state before participating.
With the launch of this new referral program, Stake aims to strengthen its position in India’s competitive online betting market in 2026.
