“At first, when you talk to people about this, they think it sounds like a gambling concept, but you can’t lose money,” Moelis told Crunchbase News. “It’s offered more like a sweepstakes, which is totally legal. When you save money in your bank account, it is linked to the sweepstakes and you have a chance to win prizes.”

https://news.crunchbase.com/news/yotta-savings-banks-on-3-3m-seed-round-to-propel-prize-linked-savings-accounts/?utm_content=intro&utm_term=content&mkt_tok=eyJpIjoiTkdZM1lqSXdNamM0TUdJeiIsInQiOiJFUWpqTHpqT20yd3Rzc1dHS2RIUkQxUnFIYkUxTDNqMGR4anhza1dOXC9QRDRFOW0rNFJQQUxxV3kwT2VRQUg4M1ZGRDJhaXNBaUlwU2w4XC9IRzdOeUxINzBtNmY4TkYzTHhDZXJPMlNjRTBCS0xBc0hjWW85d0dubFNZckh4bHkzIn0%3d