Casinos often give out loans (or “markers” as they are known) to players in need of cash. To keep them coming back, casinos generally charge an interest rate of 0% and give players several months to repay loans that can run into the hundreds of thousands of dollars. But when players can’t pay the loans back, casinos send a demand letter and can refer the case to the local District Attorney’s office bad check unit which prosecutes such crimes. Sometimes casinos file a civil suit as well. In addition, casinos (like other debt collection agencies) do not have to abide by regulations of the Fair Debt Collection Practices Act.
“They Looked Like They Were Getting Rich on Polymarket— but None of It Was Real” | Wall Street Journal
By Katherine Long, Caitlin Ostroff, Neil Mehta and Brenna T. Smith “The prediction market has flooded social media with deceptive