What occurs in Vega$: steroids, swimmers, and a billion-dollar hustle

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I’m sitting within the sweltering Nevada warmth watching a person wrestle to raise a bar over his head. If the person manages to do it, he’ll win $250,000.

The man is Boady Santavy — a two-time Olympic weight-lifting contestant from Canada — and he has muscle tissue that look culled from the Marvel Cinematic Universe: huge, cartoonish arms which may as effectively belong to a superhero quite than an actual human.

Santavy is trying to beat the world report for the lads’s snatch — a raise of 183 kilograms, or roughly 403 kilos. After a tortured few seconds, Santavy drops the bar — an official “no lift” — and, with a glance of animated dismay on his face, hobbles away, visibly cursing.

Santavy is one among a small horde of 42 athletic contestants — weight lifters, swimmers, and observe runners — which have gathered in Las Vegas over Memorial Day weekend to compete within the Enhanced Games, a singular (and, by now, fairly infamous) athletic competitors wherein nearly all the taking part athletes are on efficiency enhancing medicine.

Broadly derided by critics because the “steroid Olympics,” the video games have taken the deeply unprecedented step of juicing many of their athletes to the gills — anabolics, testosterone, peptides, human progress hormones, and extra are all in circulation. All of that chemical enhancement has taken place under the watchful eye of a group of medical professionals. Indeed, the opponents — a hodgepodge of athletes from completely different ages, talent ranges, and backgrounds — spent 12 weeks in the United Arab Emirates at an elite compound, the place they skilled for the weekend’s occasion whereas working intently with docs who tailor-made their “protocols” — or drug cocktails — to their particular person wants.

LAS VEGAS, NEVADA – MAY 24: (L-R) Kristian Gkolomeev, Shane Ryan and James Magnussen are seen throughout the Enhanced Games at Resorts World Las Vegas on May 24, 2026 in Las Vegas, Nevada. Image Credits:(Photo by Greg Doherty/Getty Images for Enhanced)

The athletes are additionally being paid “appearance fees” simply to take part within the contest and, like Santavy, any competitor who occurs to interrupt a world report or place first throughout their aggressive feats might be gifted additional money — as much as $1 million within the case of the 100 meter dash and 50 meter freestyle.

In different phrases: Enhanced has taken the rulebook for skilled athletic competitors and aggressively spiraled it out the window.

Why am I, a expertise journalist, overlaying this occasion?

Odd because it may appear for a spot related to weak-limbed nerds, Silicon Valley is basically responsible for Enhanced. Indeed, the weird spectacle is the work of a former startup that was based by veterans of crypto, AI, and biotech corporations, and that has been backed by the likes of mega-investor Peter Thiel and former Coinbase government Balaji Srinivasan. The occasion can also be on the forefront of a rising business that Silicon Valley has embraced with open arms — that of human enhancement, wherein injectable medicine and ingestible dietary supplements function a supply of each bodily empowerment and good enterprise.

Traditional athletic well being organizations, in fact, hate it. The World Anti-Doping Agency — the regulatory physique for the Olympics — has called the Enhanced Games “dangerous,” and Travis Tygart, the CEO of the U.S. Anti-Doping Agency, describes it as a “clown show that puts profit over people.”

Steroids have lengthy been viewed warily by the worldwide well being neighborhood, and even federally authorised shopper medicine have stirred some concern amongst well being professionals.

However, Enhanced’s organizers argue that they’re really the nice guys — that they’re attempting to repair a persistent bug in organized sports activities that has existed since without end. That bug is that an entire lot of athletes are already doping — they’re simply doing it secretly. The secrecy will increase threat, as there could also be restricted medical oversight of how the athletes are utilizing them. Conversely, within the Enhanced model of sport, athletes self-admittedly do the medicine underneath the cautious supervision of a group of medical professionals.

If Enhanced had been merely attempting to enhance sports activities security, that may be one factor. But the reality is that it isn’t simply an athletic competitors — it’s additionally a enterprise. The video games are the work of Enhanced Group, Inc., a newly public firm that enjoyed an IPO earlier this month at a $1.2 billion valuation. Enhanced sells personalized health treatments, together with peptides, GLP-1s for weight reduction, testosterone injections, and different bodily “enhancing” medicine. The firm additionally recently partnered with an AI firm, Rezolve Ai, to launch a digital telehealth platform.

Enhanced needs to take what it’s carried out in Vegas and rework it into a world enterprise: a distribution community for customers seeking to bulk up and make themselves younger. The medicine that Enhanced sells have been cleared by the FDA, however there’s some concern that by normalizing steroid use, the corporate may have a trickle-down impact on the broader tradition, main some customers (notably younger ones) to hunt much less regulated, extra harmful compounds that would find yourself having disastrous outcomes. This concern hangs over Enhanced’s athletic competitors, which has largely been learn as a giant commercial for its personal enterprise — in addition to the peptide business itself.

One nation, underneath peptides

I’m one among some 200 journalists from world wide who contact down in Vegas two days previous to the video games. Enhanced, which offers us with a devoted workspace, common meals, and press time with athletes and Enhanced executives, is exceedingly good to us however one can’t escape the nagging suspicion that it’s as a result of we’re an integral a part of their marketing strategy. As the skeptical oglers of this Barnum & Bailey-esque curiosity, our job is to report again to the plenty, who will then know of its existence. In different phrases, we’re free advertising for Enhanced’s enterprise.

That enterprise is a part of an business that’s due for a gold-rush-like increase later this 12 months, ought to a sure deregulatory deliverance happen.

In February, U.S. Health Secretary Robert F. Kennedy Jr. went on The Joe Rogan Experience and stated he was a “big fan” of peptides. Kennedy (who, himself, can look enhanced at occasions) additionally implied that he planned to encourage the FDA to make some peptides extra accessible to the general public. Kennedy seems to have made good on that promise as a result of, in July, the FDA will convene a pharmaceutical advisory committee that considers whether or not restrictions on sure beforehand banned peptides might be loosened.

Canadian weightlifter Boady Santavy fails at an try to interrupt the world report throughout the males snatch competitors throughout the Enhanced Games at Resorts World Las Vegas in Las Vegas, Nevada, on May 24, 2026. Image Credits:ETIENNE LAURENT / AFP by way of Getty Images

Since then, the peptide business has stood at a weird crossroads, wherein some startups are reportedly conjuring merchandise based mostly on chemical compounds that at the moment reside in a legal “gray” zone, within the hopes of being first-to-market if and when the federal government eases up on them. Others are sticking to solely FDA-approved merchandise. A sizzling spot of this frenzy has been Silicon Valley, the place techies are each utilizing and investing in peptides with mutually aggressive gusto. Companies like Superpower, an AI longevity startup that sells FDA-approved peptides, and Noho Labs, a peptide startup backed by Elad Gil, have risen in prominence, whereas elite golf equipment just like the AGI House have begun internet hosting peptide injecting “parties” — as private use among the many valley’s elite booms.

But peptides aren’t simply gaining steam within the Bay Area; they’re additionally seeing a groundswell of use all through the nation, as health tradition sees an aggressive upswing. Recent reports present that teenagers and twenty-somethings are turning to peptides to “looksmax” — the stylish new time period that denotes any excessive effort to beautify one’s self — whereas the gym is more and more seen as one of many key hubs of cultural life for younger individuals. This country-wide push for self-improvement has been fueled by a social media panorama that champions the superficial. The progenitor of “looksmaxxing,” the 20-year-old on-line influencer “Clavicular,” has been a distinguished, not to mention controversial, determine within the popularization of peptides. Yet he is just one in a sea of on-line voices, together with podcasters like Joe Rogan and Andrew Huberman, who’ve lately promoted or platformed the subject.

This is all about “health,” proper?

Peptide producers — together with the executives at Enhanced — have sworn that their major concern is shopper “health.” At the identical time, they don’t appear to thoughts admitting that they’re additionally excited about cash.

Maximilian Martin, the 29-year-old CEO and co-founder of Enhanced, is a relaxed defender of his firm’s unconventional practices. Martin, who beforehand based a bitcoin mining firm and is all the time impeccably wearing a go well with and has an affable salesman’s smile, meets with journalists for a press convention on Saturday, the place he solutions questions with an even-keeled good nature, talking soberly about how his firm plans to monetize the creation of a brand new technology of chemically-altered mutants.

Appropriately, X-Men comes up.

“People have been using performance enhancements for a long time. If you look at, for example, Hollywood, and you look at Marvel superheroes, they’re all enhanced,” Martin gives. “Like Hugh Jackman doesn’t look like he looks at his age because he has such a clean diet and sleeps eight hours a night, right? So that market is already there. The peptide market in the U.S. today is already 85 million people. Most of that market is served by unsupervised, unregulated substances that people are taking. What we’re doing is we’re entering that market with a pathway for people to get to those benefits that they’re looking for in a safe and medically supervised way.”

Christian Angermayer, Enhanced’s billionaire co-founder and government chairman, is extra succinct. “I’m a capitalist,” he tells journalists bluntly. He doesn’t see a disconnect between income and well being. “There is no reason why something that is good should not also be a business.”

German entrepreneur and Enhanced Games co-founder, Christian Angermayer, talks with the press forward of the Enhanced Games on the Resorts World in Las Vegas, Nevada, on May 22, 2026. The Enhanced Games is a multi-sport occasion that permits athletes to make use of performance-enhancing substances with out fear of drug checks. Image Credits:(Photo by ETIENNE LAURENT / AFP by way of Getty Images)

Let the video games start

May twenty fourth, the precise day of the video games, is a sweltering blur of occasions — all of which happen inside a miraculous $50 million open-air stadium that has been constructed in a matter of weeks for the categorical function of internet hosting the video games. The advanced homes a observe, swimming swimming pools, and an expansive pavilion for the weightlifters. Surrounding risers are full of an viewers that cheers enthusiastically regardless of the recent solar.

Yet whereas the scene could superficially bring to mind the Olympics, the vibe is way much less a severe sporting occasion than it’s an uncomfortable cocktail of America’s Got Talent, WWE, and Gladiator. Beautiful influencers fill the stands in youthful, colourful herds, and an announcer narrates the day’s occasions with a sonorous increase that makes it really feel vaguely like we’re all sitting courtroom facet at WrestleMania. Later within the night, The Killers — a staple of Vegas leisure tradition — will play a short live performance to shut out the video games.

The athletes, in the meantime, stalk the grounds like legendary titans, their bulking, unreal muscle tissue glistening within the daylight.

Martin is seen all through the day, strolling backward and forward in his impeccable go well with. This go well with turns into progressively extra moist all through the night, as he retains speeding right down to the pool to hug the swimmers who win their races. Angermayer glides in regards to the occasion with a breezy power, a tranquil smile affixed to his face. He drops by the press tent briefly to glad-hand.

Other staples of the tech business — like Bryan Johnson, the mega-wealthy biohacker who plans to reside without end — are additionally concerned. Despite no recognized skilled athletic achievements, Johnson spends the evening commentating on the spectacle in a Charles-Barkley-esque, retired athlete sort of manner. Later he and his girlfriend (whose vagina Johnson regularly tweets about) are seen strolling previous the media tent; Johnson is wearing a bizarre outfit that makes him look just a little bit just like the Sleepytime Bear from Celestial Seasonings.

(L-R) US sprinter Marvin Bracy-Williams, US sprinter Fred Kerley, French sprinter Mouhamadou Fall and Liberian sprinter Emmanuel Matadi within the males’s 100m throughout the Enhanced Games at Resorts World Las Vegas in Las Vegas, Nevada, on May 24, 2026. Image Credits:(Photo by ETIENNE LAURENT / AFP by way of Getty Images)

The precise competitions are thrilling sufficient — and, normally, there appear to be a pair classes of athletes which have come to compete.

There are individuals like James Magnussen, a retired swimmer from Australia who has received Olympic medals previously and sees the video games as a chance to get again in on the motion. Magnussen, an image of whose massive body unfold virally all through the net earlier this 12 months, has spoken supportively of the peptide business, and once said that the mixture of peptides and testosterone made him really feel like he was “18 again.” He will fail to interrupt any data, nevertheless, and places last in two races.

Then there are individuals like Hafthor “Thor” Bjornsson — a large Nordic physique builder and aggressive weight-lifter who has self-admittedly done a lot of steroids in the past and sees this competitors as a chance to do them underneath nearer, safer supervision.

Bjornsson is recognizable to many as a result of he starred in Game of Thrones as Ser Gregor Clegane, the brutal knight who does the soiled work of the Lannister household and whose go-to combat transfer is to crush his opponents’ skulls together with his naked arms. (On press day, a feminine journalist asks Bjornsson if he’ll crush her cranium, and he politely obliges with a pantomimed head combustion.) During the video games, Bjornsson thrillingly attempts a world record deadlift of 1,135.4 pounds, however in the end fails to muster the power.

LAS VEGAS, NEVADA – MAY 24: (L-R) Maximilian Martin, Co-Founder & CEO, Enhanced Games and Cody Miller communicate throughout the Enhanced Games at Resorts World Las Vegas on May 24, 2026 in Las Vegas, Nevada. Image Credits:(Photo by Greg Doherty/Getty Images for Enhanced)

Finally, there are a number of opponents like American swimmer Hunter Armstrong, who’re abstaining from any supplemental consumption altogether. Why is Armstrong even competing? It’s fairly easy: the cash, Armstrong tells journalists. That’s the reply that a variety of athletes have given for his or her participation, in reality. Armstrong has Olympic ambitions and desires to maintain himself within the working by not tainting his report. He additionally has a private aversion to doping.

“The Olympic movement is something that is very important to me,” Armstrong tells the journalists. “Outside of personal reasons, if I were to go into some kind of protocol I would lose that opportunity.”

Armstrong is one among a number of opponents who will win their races (within the swimmer’s case, the 50-meter backstroke) regardless of not being “enhanced.”

The day’s occasions unfold at a gentle tempo and, regardless of organizers’ promise of a titanic extravaganza of unlocked human potential, the occasion, whereas entertaining, largely pales compared to the Olympics and even, say, a very thrilling soccer sport. The complete factor ends on a weirdly handy high-point: the competitors’s final race of the evening — the lads’s 50-meter swimming freestyle — culminates with Enhanced’s first and solely world-record. Kristian Gkolomeev, a hulking colossus from Greece (he’s six ft, eight inches tall), cuts throughout the pool at a breakneck 20.81 seconds, besting the earlier report by 0.07 seconds. The whole crowd erupts in cheers and the venue’s lights blare purple in a gameshow-style spasm of celebration. The different swimmers pump their fists within the air victoriously, and Martin once more rushes the sphere in his go well with, intent on hugging the dripping Gkolomeev.

LAS VEGAS, NEVADA – MAY 24: (L-R) Maximilian Martin, Co-Founder & CEO, Enhanced Games and Kristian Gkolomeev, winner of the lads’s 50m free, are seen throughout the Enhanced Games at Resorts World Las Vegas on May 24, 2026 in Las Vegas, Nevada. (Photo by Greg Doherty/Getty Images for Enhanced)Image Credits:Greg Doherty/Getty Images for Enhanced

The future is enhanced?

The critics of the Enhanced Games say it isn’t actually about well being, it’s about cash. Yet it’s troublesome to flee the sense that the video games are additionally about one thing else, which is vainness — each that of America and the occasion’s organizers. America has all the time been the nation the place fitness culture extends past well being into the realm of self-aggrandizement, and the Enhanced Games — a showy pageant embodying that precept — matches proper in with the following large period of American self-regard. After all, the situation of the occasion — the nation’s hedonism-fueled “Sin City” — hardly screams “health.” Las Vegas is the locale of spectacle and consumption — of barely-remembered nights wherein revelers reside for the second, not the long-term. The organizers may have set the video games within the symbolically purifying environs of the Swiss countryside or Joshua Tree, however as an alternative they selected to set it in a spot the place individuals generally threat their futures over a sport of playing cards for a fleeting probability at glory.

Similarly, injecting your self with medicine to make your muscle tissue large doesn’t essentially appear to be about long-term wellness as a lot because it’s about trying good within the second — tomorrow’s potential well being penalties be damned.

The glory for the occasion’s organizers, in the meantime, resides of their skill to usher in a brand new business, commemorating it — as they’ve — with an extravagant ritual that, in their own words, heralds future “scientific breakthroughs” and “human advancement” (to not point out income). The gamble for them is on whether or not this business does or doesn’t blossom within the coming months, however just like the customers of their dietary supplements, they look like residing within the second.

One place the place restricted glory is felt is the press corps in the direction of the tip of Enhanced’s three-day extravaganza. Around midnight, when the video games are lastly over and the group is dispersing, our sizzling and drained cohort retreats blearily to the media middle — a florescent-lit workroom within the close by Resorts World resort. As I’m readying to go away, I make a pitstop to the toilet and, after some obligatory reduction, flip a nook and run smack into Martin. He seems to be in a model new go well with (or maybe the one he’s been carrying has merely dried), and he’s admiring it within the lavatory mirror. He is undoubtedly making ready for the late-night press convention that’s scheduled to happen quickly.

Having not really spoken to him but, I’m at a little bit of a conversational loss. What kind of patter can two males who’re basically strangers provide each other in a public lavatory late at evening? How can I sum up the final 72 hours? “Congratulations,” my drained mind lands on, as I head for the door.

“Thank you,” he says, nodding briefly, then turns again to the mirror.

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This web page was created programmatically, to learn the article in its unique location you may go to the hyperlink bellow:
https://techcrunch.com/2026/05/31/i-went-to-the-so-called-steroid-olympics-to-understand-why-silicon-valley-is-obsessed-with-peptides/
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