The game is played by groups who agree on a monthly stake. Each month players offer an interest rate they're willing to pay (more like a tax), the highest rate is awarded the collective pot, less the interest which is redistributed to the other 'living' players.
Players who have already received the pot are 'dead' and do not collect their share of interest in future rounds (meaning they must pay the full stake). Once everyone is dead, the game ends. Some will have come out ahead, others may have been able to get a lump of cash when they needed it
It's some basic banking services for the unbanked in essence.
Edit: Upon further reading, seems like someone is actively trying to make this happen.
https://support.tontinetrust.com/knowledge_base/topics/how-t...
Some things never change.