In “That’s cute from a product development perspective but how did your regulators sign off on it” news, a Japanese bank has just introduced a CD which you purchase before the season which pays 1% APR if an underdog wins, 0.50% if they take 2nd or 3rd, and 0.02% otherwise.
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A way to get around a cultural aversion to gambling?
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"A cultural aversion to gambling" is not frequently ascribed to Japan.
End of conversation
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