Peter Thiel's doping-friendly Olympics seeks $300 million from investors
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Enhanced Games, an Olympics-style event promoting the use of performance-enhancing drugs, is aiming to raise approximately $300 million. This venture is backed by PayPal co-founder and billionaire Peter Thiel and Balaji Srinivasan, a cryptocurrency investor and former Coinbase Inc. executive. The London-based company has begun talks with potential investors, including sovereign wealth funds, for a mix of debt and equity financing. The inaugural competition is slated for next year, says Christian Angermayer, co-founder of Enhanced Games.