[kosievdmerwe]

Yeah though people tend to argue semantics in this hypothetical. Especially if you win the bet.

I definitely consider it akin to theft even if people don't quite want to use the word.

And importantly even if you ignore the fact that people aren't being made whole by the bankruptcy's 100% claim, people still won't have gotten their money back for years. So people are still significantly harmed despite the criminal winning some illicit bets.