Billionaire Peter Thiel funding athletic event that will not test for PEDs: ‘Olympics on steroids’ – saimmalik


The “Enhanced Video games” will kick off in December.

Dubbed the “Olympics on steroids,” athletes is not going to be subjected to performance-enhancing drug testing.

Because the occasion’s inception final summer season, reactions have been largely detrimental, however the occasion has the monetary assist of billionaire Peter Thiel.

Thiel is a co-founder of PayPal, Founders Fund and Palantir Applied sciences, and his web price is estimated to be $6.2 billion. He was additionally the primary exterior investor in Fb.

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Peter Thiel, co-founder of PayPal, Palantir Applied sciences and Founders Fund, holds $100 payments as he speaks in the course of the Bitcoin 2022 Convention at Miami Seaside Conference Heart April 7, 2022, in Miami, Fla. (Marco Bello/Getty Photographs)

He additionally funded Hulk Hogan’s lawsuit in 2016 towards Gawker Media. Hogan’s lawyer was Aron D’Souza, the founding father of the video games.

Thiel’s funding is reported to be a “multimillion-dollar” determine. Crypto investor Balaji Srinivasan and biotech investor Christian Angermayer have additionally funded the occasion.

D’Souza stated Thiel “see[s] the imaginative and prescient of a brand new mannequin of sports activities that brazenly celebrates scientific innovation and actually represents the usage of efficiency enhancements in sports activities at this time.”

“Backed by the world’s prime enterprise capitalists, the Enhanced Video games is the Olympics of the long run,” the event’s website says. “When 44% of athletes already use efficiency enhancements, it’s time to safely have a good time science.”

Peter Thiel

Peter Thiel, associate, Founders Fund, speaks onstage in the course of the 2018 New York Occasions Dealbook Nov. 1, 2018, in New York Metropolis.   (Michael Cohen/Getty Photographs for The New York Occasions)

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The location says “sports activities might be safer with out drug testing,” offering research to show its case below ITS “Science Is Actual” tab.

“Let’s be clear. Drug testing is about equity, not security,” D’Souza says. “Enhanced goals to be the most secure sporting occasion on the planet. On the Enhanced Video games, we prioritize athlete security. In partnership with top scientists and clinicians, we’re growing a full-system medical pre-competition screening protocol to guard athletes competing within the Enhanced Video games.”

Peter Thiel speaking

Peter Thiel, co-founder of PayPal, delivers a speech in the course of the Republican Nationwide Conference July 21, 2016, on the Quicken Loans Enviornment in Cleveland. (Alex Wong/Getty Photographs)

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Not solely are the video games geared toward being secure, however contemplating previous lies by PED customers, D’Souza says the occasion can be a fair competition contemplating the dearth of testing.

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