Magnus Carlsen Wins The FTX Chess Cup Worth A$28,000 Of Bitcoin, Plus Cash

Chess world champion Magnus Carlsen has won the FTX Chess Cup, the world’s first Bitcoin chess championship, taking home the prize of 0.6 BTC and US$60,000 in cash.

In the live stream, Magnus (ranked #1) celebrated wildly after winning against Filipino-American Grandmaster Wesley So (ranked #9). See live chess ratings.

Winning this tournament provides Carlsen with a seat at the Meltwater Champions Chess Final in San Francisco.

This isn’t the first time chess and Bitcoin has been in the news, as former world champion Garry Kasparov declared his support for Bitcoin and blockchain technologies last year.

FTX is Expanding into “Crypto Sports Betting”

FTX has created a new specialised futures contract platform, which allows crypto traders to place “bets” on sporting events from the Olympics to events such as the 2024 American presidential elections.

How Australians Can Trade On The Olympics

Trading on the 2021 Olympics (OLY2021) is available to Australians, but not in several other countries as stated on the FTW website: “Trading OLY2021 is not permitted by residents of the United States, Canada, the European Union, the United Kingdom, Singapore, the UAE, Cambodia, Turkey, mainland China and Hong Kong SAR, and other FTX prohibited jurisdictions.”.