I may have stumbled across the reason for this issue...
Twice recently, I've bought books at Kobo and not gotten a download link. I was able to download samples from another retailer, and it seems that both books come from the publisher as EPUB 3.0, not 2.0.
Could it be that Kobo is simply not providing download links for EPUB3 books that have DRM, either accidentally or on purpose?
More to the point, can anyone add more data points to help clarify the hypothesis?
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