In India, the concept of a "stake" in gambling or betting has been a subject of great debate and legal scrutiny. However, it is important to know that having a stake in something is not illegal per se. The term 'stake' usually refers to an amount of money or something else of value that one is willing to risk on the outcome of a particular event or a venture. This could be in the context of betting on sporting events or investing in a business venture. In the sphere of business and investment, having a stake is perfectly legal in India. In fact, it is encouraged. India has a robust and thriving start-up ecosystem, where investors, both domestic and foreign, are allowed to buy stakes in businesses. This has been a significant factor in the growth and success of many Indian enterprises. However, when it comes to gambling, the legality of having a stake varies across different states in India. While some states have legalized certain forms of betting, others have stringent laws against it. Thus, before entering into any betting or gambling activity, it is advisable to understand the legal landscape of the particular state in India. In conclusion, while the term 'stake' may carry different connotations, it is crucial to note that having a stake in itself is not illegal in India. Instead, its legality largely depends on the context and the specific laws of the land.