MUMBAI: Moneycontrol, a business and financial online platform of Network18, has joined hands with The Spartan Poker, an online gaming platform to announce ‘Poker for People’.

A one-of-a-kind competition, Moneycontrol introduced an online and offline poker championship to its users for the very first time. The tournament, with a prize of Rs 25 lakh will offer the poker enthusiast a chance to try their luck at the table and take home a cash prize.

With the game of poker being highly skill-based that requires utmost foresight, planning and the ability to take calculative risks, Moneycontrol draws a parallel between the card game and the stock market for their audience.

To participate, one can register themselves on a page created on the Moneycontrol website. This will avail them a ticket to the live game to be held in Mumbai on 29 March 2020. The top 20 players from each qualifier will get guaranteed seats at the main event.

Each of these 16 qualifiers will be a freezeout tournament, indicating a win-or-bust format, which won’t allow a contestant the option for a re-buy should they lose. These 16 rounds will see a total of 320 players qualify for Main Event.

Moneycontrol’s business head Gautam Shelar, said, “Moneycontrol, as a brand, believes in empowering its audiences with the latest financial know-how and equip them with information and advice that will help them make smarter and better investment decisions.”

He added, “Poker is purely a skill-based mind game where the outcomes are decided by the aptitude and analytical capability of the player, which is extremely similar to the stock market. In addition to their stellar poker skills, we are confident that with the lessons learned through their stock market dealings and investments, participants shall use these experiences as well as they look to take home the grand prize.”