*By Tracey Cheek*
There's a new mixed-martial arts league on the block.
The Professional Fighters League ー or PFL ー is wrapping up its inaugural season with a championship match on New Year's Eve.
According to Peter Murrary, the CEO of the league, the match's purse, $1 million, is a major draw for athletes ー money talks, and can mark achievement.
“There have only been under 10 athletes in the history of MMA that have earned that much money as a payout in a single fight," Murray told Cheddar. “That is our way to advance the sport, to recognize these athletes, and give an opportunity on a major stage.”
The PFL had achieved some noteworthy goals during its first season. The league recently partnered with fantasy and sports book platform DraftKings for a pick-em’-game, in which fans can choose who they think will win each fight ー and how and when the fight will end. Murray said a sports betting partnership helps PFL “game-ify” the experience.
“Fans can actually pick their favorite fighters, different outcomes, compete against one another, and also earn a payout,” he said.
“So, we’ll pay $25,000 in total to winning fans, and not only do they get a great experience watching at home or at the theater they can actually earn some money ーand maybe even some bragging rights.”
The PFL championship will be held at the Hulu Theatre at Madison Square Garden on New Year’s Eve.
For full interview [click here](https://cheddar.com/videos/professional-fighters-league-holding-new-years-eve-showdown).
A group of musical publishers representing major artists is suing Twitter for copyright infringement for $250 million.
TikTok said it's investing billions of dollars into the southeast Asia market, one of the company's biggest, over the next few years.
Cava CEO Brett Schulman Talks IPO Debut
Ed Siddell, CEO and chief investment officer with EGSI Financial, joined Cheddar News to discuss Thursday's positive trading session in what Siddell called "a year of momentum" as investors continue to digest a heavy amount of news that includes monetary policy, inflation concerns, banking fears and some positive economic data.
Rivian is expanding into New York City and launching its first showroom there. Cheddar News took a look at the showroom in NYC that the company is calling "spaces," which is intended to be experiential retail locations to woo new customers.
Rebecca Walser, certified financial planner and wealth strategist, offers tips on how to avoid money mistakes, develop healthy spending habits, and pay off debts.
The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing.
Stocks swept higher Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear.
If you're looking for food that's good for you and the planet, look no further than the new Isle of Us café and marketplace in the Upper East Side. Cheddar's own Shannon LaNier is on the scene with more.
The price of one kitchen staple is dropping at a historic rate. In May, egg prices had their largest monthly decline in 72 years. Ricky Richardson, CEO of South Carolina-based Eggs Up Grill, joined Cheddar News to discuss the state of play in the egg industry as prices fall while food costs overall are on the rise again. Egg prices are "returning to more normal levels now, we're running down about 40% on a year-over-year basis," he said.
Load More