Crypto Hedge Fund Pays Investors' $10,000 WSOP Buy-In Fees

Written by:
C Costigan
Published on:
Jun/21/2018

Crypto hedge fund Pantera Capital says it will reward seven existing investors with free tickets it received to the 49th Annual World Series of Poker in Las Vegas.  Lodging and other travel expenses will be included.

The company received the tickets from Virtue Poker, a decentralized poker platform built using ethereum.

“As you can imagine, we were ambivalent to this award — it had no bearing on our investment decision in the project,” Pantera President Bill Healy wrote in an email Wednesday. “In the spirit of always thinking about our LPs, Pantera thought it would be fun to offer these tickets and pre-paid accommodation awards to our LPs.”

Pantera Capital’s Digital Asset Fund, which includes a number of virtual currencies, dropped 26 percent in May.

Gibraltar-based Virtue Poker has brought on big name pro Phil Ivey as an ambassador along with Dan Colman and Brian Rast. 

Virtue Poker owns 30% of Ivey’s action in $100,000 of his this year’s WSOP tournaments.

- Ace King, Gambling911.com

Poker News

Film Based on Phil Ivey Card Counting in the Works: 'The Baccarat Queen'

Film Based on Phil Ivey Card Counting in the Works: 'The Baccarat Queen'

Ivanhoe Pictures, the division of SK Global that recently produced "Crazy Rich Asians, is about to start working on its latest project, a film that will delve into the 2012 accusation by Crockford’s Casino that poker pro Phil Ivey had won £7.8 million unfairly while playing a form of baccarat called punto banco.

WSOP 2019 Events Schedule Released

WSOP 2019 Events Schedule Released

The World Series of Poker has released its 2019 schedule, marking its 50th anniversary.

Borgata to Track Down Phil Ivey

Borgata to Track Down Phil Ivey

Atlantic City's Borgata Casino has been awarded the approval to go after poker pro Phil Ivey's assets in Las Vegas. 

Two Poker Pros Face Prison Time Over Drug Offenses

Two Poker Pros Face Prison Time Over Drug Offenses

Micah Raskin and Ali Fazeli are both facing serious time behind bars in separate criminal cases, PokerTube.com reports.

Bryn Kenney Wins 2019 Aussie Millions Main Event After Three-Way Deal

Bryn Kenney Wins 2019 Aussie Millions Main Event After Three-Way Deal

Bryn Kenney defeated a field of 822 players and walked away with AU$1,272,598 (US$269) in what was the biggest Aussie Millions in the tournament’s history.

Syndicate