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Monthly Archives: March 2022
Manchester Citys new crypto sponsor offering banned product to UK consumers – The Athletic
Posted: March 8, 2022 at 11:01 pm
Manchester Citys new official cryptocurrency exchange partner appears to be offering a product to UK consumers which is banned by the UK Financial Conduct Authority because of likely harm from sudden and unexpected losses, The Athletic can reveal.
The product was mentioned in the publicity surrounding the City deal.
An OKX spokesperson said the company remains in compliance with the rules outlined by the Financial Conduct Authority and does not sell crypto derivatives to UK consumers.
On March 4, City announced the deal with OKX, a fast, secure and innovative cryptocurrency exchange based in the Seychelles. Cryptocurrencies like Bitcoin and Ethereum have boomed in popularity over the last year, after rising in value making them appealing as a high-risk asset, although they have slumped in value in recent months. Football clubs are now trying to join the gold rush.
OKX sells cryptocurrencies, which is perfectly legal in the UK. But in OKXs announcement of the deal, beneath a photo of City stars Raheem Sterling, Kevin De Bruyne and Jack Grealish, the company boasts of having the planet's most active crypto derivatives markets.
Since January 2021, selling crypto derivatives to UK retail consumers has been banned by the Financial Conduct Authority who, after a lengthy consultation, concluded that retail consumers might suffer harm from sudden and unexpected losses if they invest in these products, going on to outline concerns over crime and fraud in the secondary market.
Despite this, a look at the site and its publicity makes clear that crypto derivatives trading is a core part of the company's business, and appeared to be available when logging in from a UK computer, and derivatives were mentioned in marketing emails with no disclaimers.
An OKX spokesperson provided evidence that disclaimer messages appear for UK customers on desktop and mobile when selecting the account mode, and when attempting to upgrade an account to trade leveraged products. However, unlike other cryptocurrency exchanges, these do not appear at any earlier stage. The UK is also not mentioned as a restricted territory in the OKX terms of service.
OKX removed the mention of crypto derivatives from the City announcement after The Athletic asked questions.
This text was featured in an About OKX section on a partnership-related landing page located on okx.com, a spokesperson said. Furthermore, it described OKX global operations. We have removed the text that mentions derivatives from said text in order to avoid further confusion.
The company argues the City partnership is for a global audience, not necessarily just people in the UK, like the City fans who will see the companys logo beamed around the Etihad Stadium.
(Photo: Mike Egerton/PA Images via Getty Images)
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Non-U.S. Crypto and Other Money Services Businesses: Have Customers in the U.S.? Beware of AML and Sanctions Compliance Risks – JD Supra
Posted: at 11:01 pm
Two recent guilty pleas involving a cryptocurrency exchange serve as a reminder to all money services businesses (MSBs)including those ostensibly located outside the United States but that conduct business thereof the importance of implementing anti-money laundering (AML) programs and registering as MSBs with the U.S. Treasury Departments Financial Crimes Enforcement Network (FinCEN). Last week, two founders and executives of BitMEXa virtual currency derivatives exchange whose parent company was registered in the Seychelles but operated globally, including in the United Statespled guilty to criminal Bank Secrecy Act (BSA) violations stemming from the companys willful failure to establish, implement, and maintain an AML program.[1]
The BitMEX enforcement action also highlights sanctions non-compliance risks. Without a Know Your Customer (KYC) program, BitMEX carried out transactions for customers based in Iran, a jurisdiction comprehensively sanctioned by the U.S. Treasury Departments Office of Foreign Assets Control (OFAC). As OFAC has made clear, sanctions compliance obligations remain the same regardless of whether transactions are denominated in virtual currency or fiat. A focus on sanctions compliance may become even more critical for cryptocurrency companies in the wake of the new far-reaching Russia-related sanctions imposed by the United States, the European Union, and the United Kingdom, among other governments, in response to Russias invasion of Ukraine. OFAC and the New York State Department of Financial Services (NYSDFS) have warned that as sanctioned persons and jurisdictions become more desperate for access to the U.S. financial system, they are likely to turn to cryptocurrency to minimize the crippling effect of sanctions.
The two BitMEX founders guilty pleas on February 24, 2022 follow the companys settlement with U.S. regulators in August 2021, which was one of the largest-ever resolutions with a cryptocurrency exchange. While BitMEX was incorporated in the Seychelles, it had connections to the United States, including maintaining offices there and soliciting and accepting orders from U.S. customers. FinCENand theCommodity Futures Trading Commission found that BitMEX was operating as an unregistered futures commission merchant under the BSA, and that it failed to comply with the BSAs AML program requirements, including by failing to maintain an adequate customer identification program. BitMEX resolved the allegations for $100 million, with a $20 million suspended penalty pending the companys remediation and prevention measures, including ending all operations within the United States and no longer serving any U.S. customers.
The Department of Justice charged four of the companys founders and executives in October 2020. In announcing that two of them, Arthur Hayes and Benjamin Delo, had pled guilty to willfully violating the BSA, the Department of Justice alleged that these two founders closely followed the U.S. regulatory developments and were aware of their BSA obligations due to U.S. customers trading on BitMEX. Yet, they allegedly took affirmative steps purportedly designed to exempt BitMEX from the application of U.S. laws like AML requirements and KYC requirements. For example, according to prosecutors, the defendantscaused BitMEX to formally incorporate in the Seychelles, a jurisdiction they believed had less stringent regulation, and from which they could still serve U.S. customers and operate within the United States without performing AML and KYC. Without even basic AML policies in place, BitMEX became in effect a money laundering platform and a vehicle for sanctions violations.
This development illustrates the significant risks to which foreign-located MSBs expose themselves if they have U.S. customers but fail to comply with the BSA. Incorporating in a friendlier jurisdiction, like the Seychelles in the BitMEX case, does not protect an MSB from BSA liability if it operates in the United States. The BSA applies to MSBs wherever located if they conduct business wholly or in substantial part within the United States. Thus, all MSBs, including those transmitting cryptocurrencywith any U.S. nexusshould take note of the BSA requirements. Those include registering with FinCEN; implementing a written AML program with policies, procedures, and internal controls, including regarding customer identification and verification; and controls to detect and report suspicious activity. The AML programs must be commensurate with the risks posed by the location, size, nature and volume of the services provided by the MSB and be effective in preventing the MSB from being used to facilitate money laundering and the financing of terrorist activities.
An effective AML/KYC program will also help ensure compliance with sanctions regulations. As noted, cryptocurrency exchanges will likely face increased sanctions risks due to the sweeping sanctions recently imposed against Russian banks, entities, and individuals by the United States, European Union, United Kingdom, and other governments, and additional measures that may be imposed in the coming days or weeks. As such, cryptocurrency exchanges may face, and must address, unique risks.
By implementing a KYC program, which includes sanctions screening, cryptocurrency companies can help ensure they do not engage, directly or indirectly, in transactions prohibited by sanctions, such as dealings with blocked persons or property, or engaging in prohibited trade- or investment-related transactions. To ensure compliance, cryptocurrency exchanges should also employ geolocation and IP-address blocking to prohibit access by parties from sanctioned jurisdictions, perform transaction monitoring to detect suspicious activity, and file required reports with FinCEN and OFAC. Exchanges operating outside the United States that do not yet have but want to attract U.S. users should also consider implementing such measures.
[1]Also last week, on February 25, 2022, BitConnect founder Satish Kumbhani was indicted in a cryptocurrency Ponzi scheme, which the government alleges deprived investors worldwide, including in the United States, of over $2 billion. According to the indictment, to avoid regulatory scrutiny and conceal BitConnects fraudulent scheme, Kumbhani evaded and circumvented U.S. regulations, including those enforced by the FinCEN. Among other things, BitConnect never registered with FinCEN, as required under the BSA.
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NFL Player Busted for Betting, Japanese Anime Poker Show in Production – CardsChat.com
Posted: at 10:59 pm
An NFL player is busted for betting on his team, a poker-themed cartoon, and record-breaking crowds in Prague are some of the short stacks CardsChat collected in last weeks orbit of the poker world.
Fans of poker who also love Japanese anime are in luck.A poker-themed franchise called High Card is being developed and the YouTube teaser was released today.
According to animenewsnetwork.com, the show is based on a world order that can be controlled by a set of 52 X-Playing cards with the power to bestow different superhuman powers and abilities to the ones that possess them. With these cards, people can access the hidden power of the buddy that can be found within themselves.
All righty, then.
Regardless, the art looks very cool. High Card is set to debut in 2023 in TV, novel, and manga form.
Atlanta Falcons wide receiver Calvin Ridley was suspended yesterday for at least a year for gambling on the NFL last season through an online client. He can ask for reinstatement Feb. 15, 2023.
Ridley said via Twitter he bet a total of $1,500. Multiple news sources say he placed less than 10 bets through his phonebetween Nov. 23-28, a few weeks after Ridley was placed on the non-football injury list to deal with self-described mental issues.
The bets were three, five, and eight-game parlays in which the Falcons needed to win to hit.
Talk about mental anguish the lost season will cost Ridley $11 million.
The situation revealed how the NFL monitors their players and employees gambling habits. According to the Washington Post, the league contracts with Genius Sports which calls itself a data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media.
Genius Sports contracts with many of the online books including Draftkings, Flutter (FanDuel), and bet365. The leagues that join the NFL using Genius Sports to monitor their employees include the PGA Tour, NCAA, the Premiere League, and EuroLeague Basketball.
Everyone should get suspended from their job for a year if they bet on the Falcons.
Kevin Clark (@bykevinclark) March 7, 2022
Another sign that live tournament poker is experiencing a surge, the 1,100 buy-in Eureka Prague Main Event broke an attendance record that was set in 2018. Four starting flights built a field of 3,155 entries, which breaks the record by 27%.
All 469 players who made it through to Day 2 today got in the money. The tournament continues at the Hilton Prague tomorrow when 66 players return, and is scheduled to finish Thursday. The winner gets 417,820.
The Asian Poker Tour (APT) and Resorts World Manila agreed to a two-year deal that will bring four series to the casino.
The first pair of series will take place at Resorts World Manila April 27 to May 8 and then September 7 to 18 this year. Another pair will take place in 2023. A detailed schedule of this years events will be soon be announced.
The deal solidifies Resorts World Manila as a major poker stop in Asia, just how the casino wants it.
Before the pandemic, Resorts World Manila had plans in hand to establish the largest poker room in Asia, said Hakan Dagtas, executive vice president and chief gaming and marketing officer for the casino in a press release. With the casino now returning to normal operations, those plans are firmly back on the drawing board. Our goal is to spearhead the initiative to ensure Manila becomes the poker capital of Asia.
The APT returns this year after a two year hiatus, starting with the APT Phu Quoc Vietnam at the Corona Casino on April 8. It has six stops scheduled for 2022 so far. Besides the COVID-induced break, APT held events at Resorts World Manila since 2011.
Written by
Bob Pajich
Bob Pajich is a poker news reporter, creative writer, and poker player who never met suited connectors he didn't like.
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Everygame Poker hosting special slot tournament this week – World Casino Directory
Posted: at 10:59 pm
This week, members of Everygame Poker have access to a brand-new online slot tournament, featuring four top-rated games from Betsoft. Compete for a piece of the $2,000 prize pool by playing Take Olympus, Take the Bank, Take Santas Shop, and Take the Kingdom.
Details of the Competition
The special online slot tournament is live this week, with players able to earn points by playing the four Betsoft titles. Just click on the Betsoft tab to access the games in the casino section of Everygame. By the end of the week, the top 16 points earners will earn a piece of the prize pool with first place taking home $400.
Lets take a look at the games connected to the deal. Everygame Poker chose the most popular Betsoft titles so that players would enjoy the competition. With Take the Bank, a cop and robbers theme is found on the game grid. Bombs explode and become wild while the police car icons will trigger casino spins and sticky wilds!
In Take the Kingdom, players enter a fantasy world where dragons rule the reels. Watch as the dragon breathes firebombs onto the game grid and every seven spins, the bombs turn into wilds! Find treasures chests and unlock extra wilds with casino spins!
Want to enjoy the holidays outside of the season? Everygame is including Take Santas Shop on the list of connected online slot games, complete with a trip to the north pole! Play this exciting game and enjoy a cops and robbers style format but with ornament bombs instead!
The last game on the list is Take Olympus. This game features Greek gods including the mighty Zeus who can fill a reel and provide casino spins! The slot also includes wilds and multipliers!
Blackjack Quest Contest
While you are visiting Everygame Poker, be sure to take part in the Blackjack Quest contest as well. Through March 13, players can compete for special bonus funds via blackjack gaming. Win $50 on top of any hand winnings by earning two Natural Blackjacks, a Colored Blackjack and a Clubs Blackjack. The bonus cash has a 25x wagering requirement.
Along with slots and table games, Everygame Poker is home to busy poker cash tables and tournaments. Access gaming options via the Horizon Poker Network with plenty of options for poker gaming. The site offers tournaments on a regular basis with cash games running 24/7 so players can always find a game to play.
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RSIs RIO Acquisition Paves the Way for Fourth US Poker Brand – GamblingNews.com
Posted: at 10:59 pm
Online poker options in the US might soon expand with the addition of Run It Once (RIO) brand after it was acquired by Rush Street Interactive (RSI) in a $5.8 million deal last week.
The acquisition of RIO, the popular online poker website owned by Phil Galfond, is suddenly bringing up a fourth player across US online poker regulated markets where currently only PokerStars, World Series of Poker (WSOP) and BetMGM Poker operate.
RIO Poker created a platform that people loved, with features and innovations that the poker world was excited about, but we also heard things like if only they could iterate on their software faster or Id move all my volume to RIO if they were bigger. Well, now we are bigger, much bigger.
The poker pro announced the acquisition deal that includes himself, the poker platform and the team of RIO, after shutting it down by the end of last year in an attempt to facilitate its entry into the US iGaming space.
RSI stated in its full year 2021 financial report it had acquired the platform and on-boarded the RIO Poker team, which means the RSI acquisition deal materialized late in 2021 prior to the website being taken down by Galfond.
When I mentioned that RIO Poker was headed down a path towards the US market, I told you that I would have more details to share with you in the near future. Today is the future, commented Galfond on Twitter.
Galfond noted his poker brand was not shy of offers over the past year-and-a-half but RSI won his trust due to the shared values of honesty, integrity, fairness, and transparency.
Galfonds Challenge, ultra-high stakes games Galfond plays against some of the worlds best poker players, was one of the main aspects of RIO Poker that lured the Chicago-based casino and gaming operator.
RIO Poker suitor RSI currently operates online sports betting and casino gaming in a total of 13 US jurisdictions under its PlaySugarHouse.com and BetRivers.com brands and the acquisition of RIO Poker further strengthens the companys position in the US iGaming space.
The question now is where RSI will launch the online poker brand for which Galfond will serve as brand ambassador and when as a launch date is yet to be announced but many argue it will be in one of the states in which the operator is live with online casino gaming.
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UFC 272 – Poker, sushi and betrayal – How Colby Covington and Jorge Masvidal went from roommates to rivals – ESPN
Posted: at 10:59 pm
Mar 4, 2022
Brett Okamoto
Marc Raimondi
COCONUT CREEK, Fla. - Jorge Masvidal walked into the American Top Team (ATT) gym one day in September 2019 and spotted Colby Covington. The two men, formerly best friends and roommates, now barely got along. The tension between them was high.
Masvidal approached Covington and said they should talk after practice. Covington asked what he wanted to talk about, and Masvidal responded that Covington was "being a b----" and he didn't appreciate some of the things Covington had said about him in interviews. Covington agreed they should chat.
"It's pretty amicable," Masvidal told ESPN of that moment. "It's not that bad."
But as Masvidal turned around to walk away, he said, Covington began to raise his voice.
"I'll f---ing kill you, bro," Masvidal said Covington shouted. "Don't ever talk to me like that."
The outburst got the entire gym's attention. Coaches and other fighters stepped between the two athletes and separated them.
Covington recalls that confrontation in the gym but disagrees with Masvidal's recollection, saying Masvidal was the one who began yelling.
"If he wanted to do something," Covington said, "he would have [gotten] in my face."
Masvidal took a young Covington under his wing more than 10 years ago. They bonded over training and poker, shared an apartment and were so close that American Top Team owner Dan Lambert joked that he thought they were "in a relationship." Covington's escalating, crude rhetoric -- including targeting teammates -- as well as a financial disagreement between Covington and one of Masvidal's coaches caused an acrimonious split. They've spent the past few years publicly trading insults and accusations, and recently told ESPN what really created the rift between them.
Their shared history over nearly a decade has created one of the most personal rivalries the sport has ever seen. On Saturday, nobody will stand between Covington and Masvidal. Locked in the Octagon for the main event of UFC 272 in Las Vegas, the fighters will engage in one of the biggest grudge matches in UFC history -- former roommates turned into the most hated of rivals. Both fighters failed to defeat Kamaru Usman twice to win the title, but this fight has nothing to do with a championship, and it's bigger than the numbers next to their names.
"They're gonna be coming to kill each other," ATT fighter and PFL champion Kayla Harrison said. "This is as real as it gets."
After the near brawl in September 2019, Masvidal said he asked Covington to meet him following practice at Nana-Sushi Thai, a restaurant the two used to frequent together just three minutes from the gym. Dinner would be on him. Covington, Masvidal said, never showed.
For Masvidal, at that point, the time for talking was over.
"[I was] probably gonna break a bottle on his face," Masvidal said.
April 20, 2013: Jorge Masvidal makes his UFC debut.
Aug. 23, 2014: Colby Covington makes his UFC debut.
COVINGTON ARRIVED IN Florida in 2011, just months after being honored as a NCAA Division I All-American wrestler at Oregon State University. The California native joined the gym as part of a new ATT program designed to get more standout amateur wrestlers in the door. Pretty quickly, Masvidal took a liking to Covington and the two began training together. Masvidal, a top-notch striker, wanted help with his wrestling, and he returned the favor by showing Covington new boxing and kickboxing skills.
"It's like the saying goes: Opposites attract," Covington said. "I just feel like we were just drawn to each other naturally."
2 Related
The friendship blossomed outside the gym. After training together during the day, Masvidal and Covington would run into each other at local casinos. Both were avid poker players and soon they started making plans to play together after training at Seminole Casino Coconut Creek or Isle Casino Pompano Park.
"I mean, they were just always together, always talking about each other, but propping each other up," Lambert said to ESPN. "It was always, 'Oh, this guy's gonna do this and this guy's gonna do this. We're gonna take over the world together.'"
Covington was pretty quiet when he first arrived at the gym, those at ATT recalled to ESPN. Masvidal was one of the people who got him to open up a bit.
"I'm not gonna say [Covington was] anti-social, but certainly not a sociable guy," ATT general manager Richie Guerriero said. "Not super well-liked among the team. But then again, I don't think he ingratiated himself to be friends with a ton of people on the team."
And yet some, like Masvidal, held Covington in high esteem. Harrison, who started training at ATT in 2018, said she considered Covington a friend at one point. Both shared a head coach in Mike Brown and a strength and conditioning coach in Jeremy Fedoruk.
"He was always really kind to me," Harrison said. "He was funny, would joke around, laugh with me. ... We would go up there and train together, work hard, push each other. I have nothing but nice things to say about him."
Masvidal asked Covington to be his roommate in 2016 when he saw his teammate was down on his luck. Covington had broken up with his girlfriend and was rehabbing a broken hand. So, Masvidal let him stay at his two-bedroom apartment in Coconut Creek, near the gym. The duo were roommates for about nine months.
The two got along well, even training together in the apartment. Masvidal said the deal would be that Covington paid him $300 per month in rent, but Masvidal says he never received the money.
"I'm feeding him. I'm the hand that provides everything," Masvidal said. "He was a much different person. Wouldn't dare say a bad thing to me or about me, ever. But once the money got involved? Piece of s---."
2:09
Jorge Masvidal looks back on how his relationship with Colby Covington has changed since they first met.
Covington does not deny that he lived with Masvidal. But he wants to clarify that it was not Masvidal's place -- the apartment was paid for by Masvidal's wife, Maritza, per Covington.
"She did so much for us coming up," Covington said. "This wasn't his couch. He was a broke fighter - he was a loser. He didn't have no sponsors. He didn't have big-money fights at this time. ... She gave us this roof over our head, she put food on our table, she cleaned the house for us all the time."
Covington and Masvidal had a friendly ritual before fights to test one another. When Masvidal was nearing competition, Covington would buy junk food he knew Masvidal liked and he'd keep it in their common area.
"Just to f--- with me," Masvidal said in a 2016 interview on "The MMA Hour." "Just so I had to pass by it every day and see if I break. Then, I'd do the same thing to him."
Jan. 28, 2017: Masvidal wins his third straight match with a TKO of Donald Cerrone, setting up a title eliminator fight with Demian Maia.
May 13, 2017: Masvidal loses a tight split decision to Maia.
Oct. 28, 2017: Maia takes a fight against Covington at home in Brazil, with Covington winning to put himself on the precipice of a title shot.
June 9, 2018: With Masvidal in his corner, Covington wins the UFC interim welterweight championship by defeating Rafael dos Anjos.
IN 2018, AS the friendship between Covington and Masvidal grew a bit colder, their respective careers began to heat up.
Masvidal was selected to be on the popular Latin American reality show "Exatln Estados Unidos," where contestants compete in a series of physical and mental tests. Participating in the series helped grow his profile and allowed him to refocus after a 15-year journey as a pro fighter.
In a grudge match years in the making, former friends Colby Covington and Jorge Masvidal square off in a high-stakes welterweight main event.
Buy UFC 272 on ESPN+ PPV
UFC 272: Covington vs. Masvidal Saturday, T-Mobile Arena, Las Vegas Main card: 10 p.m. ET on ESPN+ PPV Prelims: 8 p.m. ET on ESPN/ESPN+ Early prelims: 6 p.m. ET on ESPN+
Subscribe to ESPN+ to get exclusive live UFC events, weigh-ins and more; Dana White's Contender Series; and more exclusive MMA content.
"It sounds as corny as it may be, but being out away from everybody, just by myself, I got to find me," Masvidal told ESPN in 2019. "I got to just listen to my voice, not a million different opinions or some stupid song on the radio or anything."
Masvidal did not fight at all in 2018. Covington, meanwhile, earned his first title shot, a bout for the interim belt against Rafael dos Anjos at UFC 225 in June of that year. He became the No.1 contender eight months earlier by beating Demian Maia via a dominant unanimous decision in Maia's home country of Brazil. In his postfight speech, Covington blasted Brazilians, calling them "filthy animals."
The seeds for that scene in Brazil were planted after Covington's victory over Dong Hyun Kim in June 2017. The win made Covington 7-1 in the UFC, but Lambert said matchmaker Sean Shelby told him Covington's contract likely would not be renewed because his wrestling-heavy style was not great for business. So Lambert went to Covington, and the two came up with a pro wrestling-esque persona for Covington that featured a thick layer of trash talk.
"The leadup to the dos Anjos fight with Colby was all about Brazil," Lambert said. "And that was the angle Colby took. That is what got him to that promised land of getting a title shot, [what] saved his job."
Covington beat dos Anjos with Masvidal in his corner, and the two celebrated the victory heartily afterward. That fight week ended up being at the center of the combustible issues between the two, but at the time, things were good for both of them.
As Covington was waiting for the undisputed title shot owed to him as interim champ, Masvidal returned to the Octagon in March 2019 with a huge second-round knockout of Darren Till. After that bout, welterweight contender Leon Edwards exchanged words with Masvidal while Masvidal was being interviewed backstage. Still on camera, Masvidal confronted Edwards and landed a few punches.
Masvidal would say minutes later to ESPN that he hit Edwards with a "three-piece with the soda," which quickly became a viral clip and oft-repeated catchphrase. Masvidal's moment in the spotlight continued in July 2019 with a running knee that knocked out Ben Askren in just five seconds. It was the fastest knockout in UFC history.
In four months, Masvidal went from seasoned veteran with a hardcore fan following to one of the biggest stars in the UFC.
Covington couldn't come to terms with the UFC for a title shot and was stripped of the interim title in July 2018. He didn't fight again until August 2019, when he scored a dominant unanimous decision win over former teammate and former champ Robbie Lawler. That victory made Covington's case for a title opportunity airtight.
Masvidal and Covington, now two of the best and most talked about fighters on the UFC roster, ended up headlining the final two events of 2019. Masvidal beat Nate Diaz to win the mythical Baddest Motherf---er title at UFC 244 in November at Madison Square Garden. In December, Covington fell via fifth-round TKO to champion Kamaru Usman in an epic, back-and-forth welterweight title fight at UFC 245.
July 6, 2019: Masvidal KOs Ben Askren out in 5 seconds, the fastest fight in UFC history.
Aug. 3, 2019: Covington wins his seventh straight fight with a decision victory over Robbie Lawler.
Aug. 17, 2019: Covington and Masvidal exchange words while seated in the crowd at UFC 241.
Nov. 2, 2019: Masvidal defeats Nate Diaz at UFC 244, winning the "BMF" title at Madison Square Garden.
Dec. 14, 2019: Covington gets his title shot against Kamaru Usman, and is knocked out by the champion in Round 5. Covington earns Fight of the Night honors for the first time in his career.
March 2020: Covington and Masvidal are kicked out of the American Top Team gym. Masvidal eventually returns, but Covington leaves for good.
MASVIDAL'S HEAD COACH at ATT is Brown, but Paulino Hernandez, his boxing coach, is the one he credits for taking a chance on him when he was still a kid fighting in the streets in the Westchester neighborhood of Miami.
"Paulino is like my father," Masvidal said. "He's not just a coach to me. He's a dude that took me out from a very bad, hostile environment and really guided my whole career. He said, 'You have the talent, just your life outside of here is a f---ing mess. But if you can cut all that out and just come stick with us and do this, I'm with you on this whole journey.'"
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Masvidal said he and Hernandez had a handshake deal from then on that Masvidal would give Hernandez a small percentage, up to 5%, of his fight earnings. At that early stage of Masvidal's career, that added up to only about $50 per fight. When Masvidal started training with Covington in 2011, he set Covington up with Hernandez. The two shook on the same deal, Masvidal said.
Covington's first big payday came in the dos Anjos fight. Based on Masvidal's understanding of the original deal with Hernandez, Covington owed the coach $12,500. Masvidal said Covington didn't pay Hernandez at all. He said he asked Covington on several occasions why Hernandez didn't get his money, and Covington either avoided the conversation or didn't give a straight answer. Masvidal ended up paying Hernandez the $12,500 out of his pocket, feeling obligated because he was the one who introduced Covington and Hernandez.
"That's when our relationship went sour," Masvidal said of Covington. "That's when I wanted to get the bat and take it to his neck."
Covington said Hernandez and Masvidal thought he made $380,000 for the dos Anjos fight because websites erroneously reported it. The actual total he earned for that bout, Covington said, was $200,000. Hernandez, according to Covington, wanted a share of the fake amount.
"It was never over money," Covington said. "Jorge is grasping at straws. He has nothing else to say."
From Covington's perspective, the tension has been due to Masvidal being jealous of his former roommate outperforming him in the octagon.
When Covington returned from the Maia fight in Brazil, he said, he felt a coldness coming from Masvidal. Covington speculates that it's because Masvidal had come up short in his fight with Maia five months earlier. At one point, Covington said Masvidal told him if they had to fight each other, it was OK. For Covington, the thought of fighting his friend had never entered his mind.
"It hurt," Covington said, addressing the genuineness of their relationship. "I gave a lot to him. I put my career on the back burner at first. I was just his training partner. It wasn't about my career. I didn't even think about fights. All I thought about was preparing Jorge for his next fight."
By the time of the dos Anjos fight Covington had already rubbed people at ATT the wrong way -- especially his Brazilian teammates. Lambert called a meeting with coaches and fighters to try and keep things civil.
"Colby might say Brazil is a dump, and you guys might think Colby's an a--hole - and you might both be right," Lambert said he told everyone in the gym. "But the fact of the matter is when you're in the gym, you're in the gym and we're here to do a job."
Brazilians were the target of Covington's trash talk to promote the dos Anjos fight. Covington, the ardent card player, went all-in with no opponent set, and his relationships at the gym were rocky at best. From UFC president Dana White to his own ATT teammates to eventually Masvidal, Covington verbally tore down "literally everybody in the business," Lambert said.
"I just see him as like a wounded little boy, like the kid on the playground who no one would play with," Harrison said. "So now, he's turned into a f---ing monster."
July 12, 2020: Masvidal takes a last-minute title fight against Usman in Abu Dhabi. It's his first UFC title shot, and Masvidal loses by unanimous decision.
Sept. 19, 2020: Covington returns to the Octagon and records a victory over longtime rival and former champ Tyron Woodley.
April 24, 2021: In his rematch against Usman, Masvidal loses by second-round KO.
Nov. 6, 2021, Covington gets his title rematch against Usman, losing via unanimous decision.
COVINGTON STILL REFERRED to Masvidal as his "best friend" in interviews up to the summer of 2019, before Covington's fight against Lawler. The tone of his words had changed though, with both men now contenders for the welterweight title following Masvidal's historic knockout of Askren.
In an interview with MMA Junkie in July 2019, Covington said he and Masvidal were like Batman and Robin. Specifically, Covington said he was Batman and Masvidal was his sidekick. It was the first time Covington publicly said something that Masvidal could perceive as negative toward his former friend.
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The two were both in the crowd at UFC 241 in Anaheim, California, in August 2019. Masvidal was seated behind Covington and tapped Covington on the shoulder.
"What's all that s--- talking, bro?" Masvidal said he asked Covington. "We're both men. You've got my phone number. Why don't we go outside and just talk like men?"
Covington told him he was "unprofessional" for trying to fight him at a UFC event. White got involved, and security changed Masvidal's seat. Masvidal said three security guards flanked him for the rest of the card.
"Act like a professional," Covington later said. "We're at a UFC event, man. When have I ever laid hands on someone? I can beat up anybody in the crowd, any of the fighters. None of them can touch me, I'm the best fighter in the world. But I handle my business in the cage. That's where I do my business: in the UFC Octagon."
A few weeks later, they saw each other at the gym, which spurred the confrontation that ultimately ended with Masvidal saying he invited Covington to the sushi dinner. Covington said that story is "the biggest lie" he's ever heard but recalls that Masvidal said they could settle things in the parking lot of a nearby Publix, a Florida supermarket chain.
Masvidal was not the only ATT fighter to clash with Covington during that period.
Joanna Jedrzejczyk, the former UFC strawweight champion, said she went into the women's locker room at the gym one day in the fall of 2019 and found women in bikinis preparing to be in a video shoot for Covington's social media page. Jedrzejczyk was upset that non-fighters were at the gym -- ATT is not open to the public -- taking up space in places she felt they shouldn't be. She was already annoyed that Covington was showing up to the gym in a rented limousine and having people hold doors for him, all for Instagram videos. This was the final straw.
"We train here," Jedrzejczyk said she told him. "You can't act like you're the superhero millionaire -- you are a zero. You are a great athlete, so keep it humble and work hard. That's it."
Covington also had a run-in with then-teammate Dustin Poirier, the former UFC interim lightweight champion, who took issue with callous things Covington was saying about him in interviews. Poirier approached Covington while he was training with the intent to fight him, but teammates separated the two. Covington said these incidents both happened only after Jedrzejczyk and Poirier started talking negatively about him in the media, not the other way around.
"If I'm fighting Colby, we're both going to jail," Poirier said last month at UFC 271. "I'm going to jail. I'm not going to fight him in an Octagon. He's not making money off of my career and what I've done."
To avoid a confrontation with other fighters -- especially Masvidal -- coaches changed Covington's training times and where he worked out in the gym.
"If they were in the same building, Jorge was gonna go after him," Brown said. "We'd have to stop everything, put all hands on deck, separate these guys. This is a major problem. If people aren't there, they're fighting 100%."
Things finally came to a head in March 2020 when Lambert instituted a rule that no ATT members can trash talk each other. Masvidal broke the rule within days, tweeting that Covington was "the most fragile" and "most sensitive guy" in UFC history. Masvidal was upset that Lambert made the rule only after Covington had spent nearly a year blasting teammates in the press.
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Poker Vlogger Andrew Neeme in the Mix | 2022 Wynn Millions – PokerNews.com
Posted: at 10:59 pm
Popular poker vlogger Andrew Neeme made his way down to the Wynn today to participate in the $1,600 PLO/NLH event.
In October 2016, Neeme got to work by releasing his first poker vlog. Just over five years later, the vlogger pioneer has emerged as one of the most influential players in the industry, which was evidenced by recent news that he invested in a Texas cardroom alongside Doug Polk and Brad Owen.
Brad and I were on the meet-up game trail for a bunch of years, Neeme told PokerNews on a recent episode of the PokerNews Podcast. Sort of came up with this concept that I guess a lot of people in poker are familiar with now, but just getting a bunch of people together in their local town, in their local cardroom, for just a fun social night of poker and maybe they can help contribute to help make a poker vlog theyve come to enjoy over the years as well.
Later this month from March 20-27, Neeme will join Darren Elias and Matt Berkey as emcees to BetMGM's March Poker Mania, an online series with tournaments in New Jersey, Michigan, and Pennsylvania that will offer a total of $1.3 million in guarantees among the three states.
Michigan's Neeme will host the MetMGM Poker Cash Game Meetup at MGM Grand Detroit on March 23 and a college basketball hangout at the BetMGM Sports Lounge on March 24 before streaming several events on his YouTube channel throughout the week. Learn more about that series by clicking here.
For more on Neeme, follow him on Twitter at @andrewneeme.
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The Poker Faces Club Announces the Launch of Its Metaverse – GlobeNewswire
Posted: at 10:59 pm
NICOSIA, Cyprus, March 04, 2022 (GLOBE NEWSWIRE) -- The Poker Faces Club has announced the Launch of Its metaverse project, which will bring fair poker games to the Blockchain. In 2021, the metaverse has been revealed to the world. Now, in early 2022, a myriad of Metaverse-related crypto projects are fighting for the spotlight. But this project may as well be the future gem users were waiting for. By bringing together poker, passive income and a metaverse gaming platform, The Poker Faces Club aims to revolutionize the world of online poker.
What people should know so far about The Poker Faces Club
The Poker Faces Club is a Blockchain-based project that aims to bring the best poker and gaming platform experience to the metaverse. According to the founding team: "Existing centralized online poker platforms lack fairness and they are failing to produce feelings, like the excitement of being in a real-world gaming platform. With the Poker Faces Club project, people want to change all that."
The Poker Faces Club aims to create a Blockchain-based online poker platform and anew genre of metaverse experience. The Poker Faces Club will provide real-life services, as well as an arcade room, a merchandizing store and will even host conferences and parties!
The first step of the project is the release of the genesis collection: 4444 2D NFTs featuring poker players, which will grant the holders with interesting utilities:
Become an owner of the metaverse platform:
With the Poker Faces NFTs, users will be able to become the proud owner of a metaverse platform and generate passive income. By owning one of the 4444 2D NFTs, users will be become a shareholder in the gaming platform and share 80% of the profits with the other holders. "The total number of 4444 NFTs has been thoroughly chosen to provide a good balance between great passive income and enough capital to fund the project roadmap. People want everyone to benefit from this project!" explains Tom, one of the co-founders.
Every month, a fair lottery will pick a random playing card, and all the holders that have corresponding traits on their NFT will share the vault rewards! "People wanted to find an exciting way of distributing the rewards to the community. With our Monthly Lottery, users can make some truly impressive profits. That's the gambler's version of passive income!"
Making online poker fair again:
According to the founders, existing online poker platforms have three main issues: First, it's hard to prove that the dealer is fair and not biased. Second, rewards take days, even weeks to be distributed. Third, insiders cheating from the company is possible and has happened several times in the past.
The Poker Faces Club wants to solve these issues by creating a web 3.0 poker platform. Thanks to open-source code and the Blockchain technology, the game will be 100% fair and reliable. Also, the rewards will be instantly distributed, in crypto. Additionally, no KYC will be required. Poker players will be able to challenge themselves to cash games and tournaments, in total anonymity.
Be part of an exclusive new poker community
The Poker Faces Club aims to bring together people from the NFTs and the poker communities. The Club members will enjoy many experiences like poker tournaments, cash games, live events, conferences, community games and contests.
"People want that every holder feels like a VIP. Access to exclusive rooms of the gaming platform, meeting with pro poker players and more special services will be part of your journey!" explains Nick, co-founder of the project.
Additionally, a free poker tournament with real cryptoprizes will be accessible every week for the holders.
A promising Roadmap
About The Poker Faces Club
The founding team is composed of three entrepreneurs with prior experience in Blockchain development, crypto-sphere, and poker and gaming platform field.
George is a computer scientist with seven years of experience in Blockchain. He developed successful crypto-related companies. He is responsible for the all the development aspects of the project.
Nick is a pro poker-player since 2006. He is deeply involved in the poker community and has great experience with crypto and NFT projects. His role is to ensure the Metaverse gaming platform offers the best user-experience. He will also help in building the community around poker and the gaming platform(both in Metaverse and in real life).
Tom has been working in marketing and business development for over five years. He has extensive knowledge both in finance and crypto. He will oversee the project management, partnerships and financials.
The team will navigate the project according to the following values: transparency, user-experience comes first, community-centred.
So, how can users get white-listed? Everyone will have their chance to get a spot on the whitelist. The Poker Faces Club will organise online weekly poker tournaments where the participants may be rewarded with a spot. In addition, several giveaways and contests will be held on their Twitter and Discord. Make sure to follow their socials!
Social Links
Twitter: https://twitter.com/PokerFacesNft
Discord: https://discord.gg/hPe9qvPYhw
Media Contact
Brand: The Poker Faces Club
E-mail: contact@thepokerfaces.club
Website: http://thepokerfaces.club/
SOURCE: The Poker Faces Club
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Where Are They Now? 2009 WSOP 6th-Place Finisher Steve Begleiter – PokerNews.com
Posted: at 10:59 pm
Thirteen years ago, the World Series of Poker (WSOP) Main Event went on just its second-ever November Nine hiatus. When they did, Steve Begleiter sat third in chips behind Darvin Moon and Eric Buchman, but ahead of other players like Jeff Shulman, Phil Ivey, and eventual champ Joe Cada.
Begleiter, who was in action today here on Day 3 of the 2022 Wynn Millions, wound up finishing in sixth place for $1,587,160, which was his first-ever documented tournament cash on the Hendon Mob. Since then, hes only added two other scores, one in August 2009 and the other in June 2016 when he finished 428th for $3,862 in the WSOP Event #41: $1,500 Monster Stack.
So, whatever happened to the former head of corporate strategy at Bear Stearns and married father of three?
Im not a professional. I started maybe in 2007. I played the Main Event in 2008, and between 2008-09 I put a lot of time into the game, Begleiter recently told PokerNews. Obviously in 2009, I caught lightning in a bottle. Very little bad stuff had happened to me. I hadnt had that many two outers, or four hours with no cards. I probably played the Main Event the next five or six years, and I busted myself once or twice, but basically, all those bad things I thought only happened to other people happened to me.
He continued: There were no results to show for it. Then life sort of got in the way aging parents, work, stuff like that. I stopped going for a few years and really just limited my poker to friends in the community that I live in. This year I turn 60 and the present my wife is giving me is I can play as many poker tournaments as I can fit into my schedule.
Few players had as big a rail as Begleiter did back in 2009. Not only was his wife, Karen, in attendance, and his three children Joshua, Caroline, and Aaron waiting in the hall (they werent old enough at the time to enter the gaming area), but he also had over a hundred friends and family in the crowd.
It was one of the thrills of a lifetime, he recalled fondly. If you remember, I had won my stake in a local tournament, so I had 20 partners. I had a 100 friends and family out there. It was just a great shared experience and Im still friends with many of those people today. Looking back, it was a really, really fun time.
Unfortunately Begleiter's return to poker did not result in another big final table appearance as he was eliminated from the 2022 Wynn Millions before the money.
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‘Defending freedom is gonna cost’ at the gas pump: Today So Far – KUOW News and Information
Posted: at 10:58 pm
This post originally appeared in KUOW's Today So Far newsletter for March 8, 2022.
If you haven't gassed up your car yet, you might want to do that sooner than later. Gas prices have never been this high, nor have risen so fast. Lines at the station are likely to be as long as the wait at a Northwest car wash on the first sunny day of spring.
Why? One answer, as President Biden stated this morning: "Defending freedom is gonna cost. Its going to cost us, as well, in the United States. The situation in Ukraine and tensions with Russia are influencing the oil market.
As of this morning, the United States is "targeting the main artery of the Russian economy," President Biden said as he announced a new ban on Russian oil. Biden said that oil money is fueling Putin's "war machine." To ease the strain, the U.S. is opening up some of the country's reserves.
Big picture: In 2020, for the first time since the 1940s, the United States was a net exporter of oil; we're making a lot of the stuff ourselves. Beyond that, there are 9,000 already-permitted sites in the U.S. that oil companies can tap into right now to get more oil. Of course, there is an even bigger picture: relying on all this oil isn't working out so well for us. The environment, our health, and our safety suffer.
President Biden noted that not all of our allies in this effort can afford to implement such a ban (though the UK is phasing out Russian oil over the coming year). The U.S. gets the majority of its petroleum (including crude oil) from Canada and Mexico (63% combined in 2020). Russia makes up about 7% of what we import. So there's some wiggle room. President Biden's message today wasn't just for the American people or Russia. It was also targeted at oil companies: No profiteering. There is some concern that companies may take advantage of the current crisis to drive up prices, because they can.
The U.S. is delivering a few other hits to Putin via the the tech sector. Microsoft and Apple, for example, are cutting off business in Russia, further pushing the country into digital isolation. Netflix has also shut off service in Russia, meaning the country is at risk of missing out on Stranger Things Season 4 in May. Russia is also going without Minecraft, Oracle, Cisco, and Samsung all have nixed service in the country. Tech has also found a way to support the people in Ukraine. Americans have been using Airbnb to pay for rentals without the intention of using them, providing some income during this time.
A Bainbridge Island man has found his own way to support Ukrainians trucking in supplies himself. Dale Perry may live in the U.S., but his business is in Ukraine. His company provides energy in the country. When Russia attacked its smaller neighbor, he went over to Poland where he had contacts. Using his own money at first (now he takes donations), he began trucking supplies to the border. He then takes orders for more supplies, goes shopping, and the cycle continues. Read more about his story here.
I'm going to sneak in one final bit of news. As I am writing this morning, news is coming in that the Seahawks are trading quarterback Russell Wilson to the Denver Broncos. Now, I don't really watch baseball, but I know that this is big news for a whole lot of folks in Seattle who have watched key players from the Super Bowl days trickle out the door. Personally, I keep track of such players by watching current Beacon Plumbing commercials. That's how I know Bobby Wagner is still there.
One of the portraits featured at the Bainbridge Island Japanese American Exclusion Memorial. The site is located on a former ferry terminal where Japanese-Americans from Bainbridge Island were placed on a boat after being removed from their homes during WWII. (Libby Denkmann / KUOW)
Petroleum has been with humanity for a long, long time. The word "petroleum" is an evolution of the Byzantine Greek term for "rock oil." And while our ancestors across the globe knew they could burn it, and even pave their ancient roads with it, rock oil was often used as medicine. One historical source notes that medical texts traveled to Europe from Persia, detailing uses for everything from eye diseases to reptile bites, respiratory ailments, and epilepsy. It was apparently also good to "warm the brain." Mixing petroleum with the ashes of cabbage stalks was a good treatment for scabies.
In North America, the Seneca people and Iroquois dug large pits to mine it. They turned it into fuel and also healing lotions. You may know its modern equivalent, "petroleum jelly."
ALSO ON OUR MINDS
Across the U.S., a "back-to-work March" has begun. With the omicron variant now waning, companies are officially calling on employees to return to the office this month, while also trying to stay flexible enough so as not to lose those who prefer to work from home. Many firms are starting with "soft openings," but already, offices, streets and garages are filling back up.
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'Defending freedom is gonna cost' at the gas pump: Today So Far - KUOW News and Information
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