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Originally Posted by TampaKn1sh
Not all states recognize "gambling debts" as enforceable unfortunately.
I get tired of seeing this posted for its plain wrong. If you lose money in a card game or on a sports bet that is a “gambling debt.” Loaning a person money to play with a contracted amount to recover if they win is not a “gambling debt.” Its related to gambling, but so is a lease on a casino.
A staking arrangement doesnt fit the definition of a “gambling debt” anywhere.