Loss chasing and easy credit can be a dangerous mix. Some borrowers take personal loans hoping to recover gambling losses, but high EMIs often turn temporary losses into lasting financial pressure.

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The One Big Beautiful Bill Act of 2025 was signed into law on July 4. While many ...

High-stakes gamblers took a loss on Capitol Hill when the bid in the House of Representatives to fully restore the federal tax deduction for gambling losses failed. That development left in place a ...