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In India, the concept of gamble trust is often associated with local products that involve risk-based transactions or investments. For example, traditional chit funds operate on a principle where members contribute money periodically, and one member receives the pooled amount through a lottery system. This system relies heavily on trust among participants, as there is no formal regulatory oversight in many cases. Another local product is the informal betting on cricket matches, where individuals place wagers based on mutual agreements. These practices highlight how gamble trust plays a role in everyday economic activities, blending cultural norms with financial risk. |
