What is the Phenom Series of Poker (PSOP)?

The PSOP is Phenom Poker's flagship tournament series running October 23 – November 15, 2026. It features 92 events, $706,500 in guaranteed prize pools, and a $250,000 $PHNM token giveaway distributed across two leaderboards — making it the highest-overlay major online poker series running today.

What is 'negative rake' in the context of the PSOP?

Negative rake means your effective return from $PHNM tokens and rakeback can exceed the rake you pay to play. At $0.97 per token, the $250K giveaway is essentially a ~35% overlay on a $706K series. Regular players who accumulate tokens and receive weekly rake distributions can get back more than they paid in — something no traditional poker site offers.

How do I qualify for the PSOP leaderboards?

Every tournament entry during the PSOP earns points toward the Participation Leaderboard. Final table appearances and cashes earn points toward the Performance Leaderboard. The more events you play, the more leaderboard points you accumulate — and the bigger slice of the $250K $PHNM giveaway you can earn.

Can I use promo code ALEC for the PSOP?

Yes. Use code ALEC when you sign up at phenom.poker for a 200% first deposit bonus up to $4,000. That gives you more chips to play PSOP events and accumulate $PHNM tokens toward the leaderboards.

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Phenom Series of Poker (PSOP) 2026 — Full Schedule, $250K $PHNM Giveaway & Guide

Q: What is the $250,000 $PHNM giveaway?

Phenom is giving away $250,000 in $PHNM tokens across two PSOP leaderboards: a Participation Leaderboard (rewarding volume — every tournament entry counts) and a Performance Leaderboard (rewarding results — final table finishes and cashes). Since each $PHNM token entitles the holder to 50% of the platform's weekly rake, you're not just getting prize money — you're getting ongoing equity in the house.

Q: How do I get into PSOP events cheaply?

Phenom is running 230+ satellites from October 23 to November 15. The satellite path: $2.50 feeders → $5 feeders → $50 satellites → $500 Championship events. You can also register early for any event and receive 10% extra chips.

October 2026 · By Team · 10 min read

Events

24 Days

Oct 23 – Nov 15

$706,500

Guaranteed

$250K

$PHNM Giveaway

92 events. 24 days. $706,500 guaranteed. 230+ satellites running October 23 – November 15. The Phenom Series of Poker is the most ambitious tournament series Phenom has run — and it comes with something no other online series offers: a $250,000 giveaway paid entirely in $PHNM tokens.

At the current market price of $0.97 per token, that's essentially a $250K overlay on a $706K series — roughly 35% back before you win a single hand. No other major online poker series is structured this way.

The $250,000 $PHNM Token Giveaway

This isn't a freeroll. It's not a deposit bonus. Phenom is giving away $250,000 in $PHNM tokens to PSOP participants — and since each $PHNM token entitles the holder to 50% of the platform's weekly rake, you're not just winning prize money. You're winning an ongoing stake in the house.

The $250K is split across two separate leaderboards:

🏆 Participation Leaderboard

Every tournament entry earns points — period. The more events you play, the more leaderboard equity you accumulate. This rewards volume players and anyone who wants to run deep in the PSOP without needing to final table every event.

🥇 Performance Leaderboard

Points are awarded for cashes, final table appearances, and wins. The Performance Leaderboard rewards the best results across all 92 events. A single deep run in a Masters event can move you up fast.

Both leaderboards run simultaneously. You can appear on both. Every entry counts toward Participation; every cash moves you on Performance.

Why the PSOP Creates "Negative Rake"

In traditional poker, the house always wins — you pay rake, the site keeps it, and there's no path back. Phenom flips that model. Here's how the math works for regular PSOP players:

The PSOP Token Equation

Total PSOP guarantees$706,500

$PHNM token giveaway (at $0.97/token)~$250,000

Effective overlay~35%

Weekly rake share from tokens (ongoing)50% of net rake

Every $PHNM token you earn during the PSOP keeps paying you after the series ends. Weekly rake distributions go out to all token holders — automatically, in stablecoins. A player who accumulates tokens through the PSOP isn't just getting a series payout. They're getting a recurring share of Phenom's rake for as long as they hold.

That's the negative rake concept: your total return — prize winnings + token value + future rake distributions — can exceed what you paid in rake over the series. This is structurally impossible on GGPoker, PokerStars, or any site built on a traditional operator model.

$PHNM Token Milestones

Phenom awards $PHNM tokens based on tournament activity during the PSOP. Key milestones:

Tokens Earned	Equivalent Activity	Approximate Value
25 tokens	Play ~$300 in buy-ins	~$24
100 tokens	Play ~$1,200 in buy-ins	~$97
500 tokens	Active series grinder	~$485
3,000 tokens	Milestone unlock (~$20K in buy-ins)	~$2,910

Token values based on $0.97 market price at time of writing. Tokens represent an ongoing claim on 50% of Phenom's weekly net rake, so their long-term value depends on platform growth.

Live This Week

$92,242Rake Distributed

2,689Recipients Paid

5,583Token Holders

How to Get In

Register at phenom.poker, use code ALEC for a 200% first deposit bonus up to $4,000. That's real chips to play PSOP events.

Satellite your way in

230+ satellites run Oct 23 – Nov 15. Path: $2.50 feeders → $5 feeders → $50 satellites → $500 Championship events. You don't have to pay full freight for any event.

Any PSOP event you register for before it starts awards 10% bonus chips on your starting stack. Easy edge — just register ahead of time.

Play for tokens and leaderboards

Every entry counts toward the Participation Leaderboard. Every cash moves you up the Performance Leaderboard. Both award $PHNM tokens from the $250K pool.

Full PSOP 2026 Schedule

All 92 events · October 23 – November 15, 2026 · Buy-ins in CHIP (1:1 USD) · GTD = guaranteed prize pool

Thu, Oct 23

#	Event	Buy-in	GTD
1	NLH Opening Event	$25	$3,000
2	PLO4 PKO	$50	$2,000
3	Mixed NLH/PLO	$100	$3,500

Fri, Oct 24

#	Event	Buy-in	GTD
4	8-Game Mix	$50	$2,000
5	NLH 6max	$100	$3,500
6	Big O	$200	$5,000

Sat, Oct 25

#	Event	Buy-in	GTD
7	PLO PKO	$50	$2,000
8	HORSE	$100	$3,500
9	NLH Championship	$500	$15,000
10	2-7 Triple Draw	$200	$5,000

Sun, Oct 26

#	Event	Buy-in	GTD
11	PLO Championship	$500	$15,000
12	NLH PKO Masters	$1,000	$25,000
13	Omaha 8/b	$100	$3,500
14	Razz	$50	$1,500

Mon, Oct 27

#	Event	Buy-in	GTD
15	Stud Hi-Lo	$100	$3,000
16	PLO5	$200	$5,000
17	NLH Turbo	$50	$2,000

Tue, Oct 28

#	Event	Buy-in	GTD
18	Badugi	$50	$1,500
19	10-Game Mix	$200	$5,000
20	PLO6 PKO	$100	$3,000

Wed, Oct 29

#	Event	Buy-in	GTD
21	Dramaha	$100	$2,500
22	Big O Championship	$500	$12,500
23	NLH Hyper PKO	$50	$1,500

Thu, Oct 30

#	Event	Buy-in	GTD
24	HORSE Championship	$500	$12,500
25	PLO4 Double Board	$100	$3,500
26	Sviten Special	$50	$1,000
27	2-7 NL Single Draw	$200	$5,000
28	A-5 Lowball	$100	$2,500
29	NLH 6max PKO	$50	$2,000

Sat, Oct 31

#	Event	Buy-in	GTD
30	PLO6 PKO	$25	$1,500
31	PLO5 Championship	$500	$15,000
32	NLH PKO	$100	$3,000
33	A-5 Triple Draw	$100	$3,000
34	T.O.E. Championship	$200	$7,500

Sun, Nov 1

#	Event	Buy-in	GTD
35	PLO Fusion	$200	$5,000
36	H.E.R.O.S.	$25	$1,500
37	NLH 6max PKO Championship	$500	$15,000
38	8-Game Mix Championship	$500	$15,000
39	Big O Masters	$1,000	$25,000
40	2-7 NL Single Draw PKO	$50	$2,000

Mon, Nov 2

#	Event	Buy-in	GTD
41	Dramaha Mix	$100	$2,500
42	PLO 8/b	$200	$5,000
43	Super Stud Mix	$50	$1,000

Tue, Nov 3

#	Event	Buy-in	GTD
44	9-Game Mix	$25	$1,000
45	Archie 66+	$50	$1,000
46	PLO5 Double Board Bomb Pot	$100	$3,500

Wed, Nov 4

#	Event	Buy-in	GTD
47	Chop Shop Mix	$100	$3,500
48	PLO6	$100	$3,500
49	Fun Mix	$50	$2,500
50	Triple Draw Mix Masters	$1,000	$20,000

Thu, Nov 5

#	Event	Buy-in	GTD
51	T.O.R.S.E. Championship	$500	$10,000
52	Badugi	$100	$3,500
53	NLH Turbo	$50	$2,000

Fri, Nov 6

#	Event	Buy-in	GTD
54	10-Game Mix Championship	$500	$15,000
55	PLO6 Double Board	$100	$3,500
56	Big Bet Mix	$200	$5,000
57	NLH Hyper PKO	$50	$1,000

Sat, Nov 7

#	Event	Buy-in	GTD
58	PLO5	$50	$2,000
59	PLO 8/b Championship	$500	$12,500
60	8-Game Mix Masters	$1,000	$25,000
61	Fun Mix	$200	$5,000

Sun, Nov 8

#	Event	Buy-in	GTD
62	PLO Double Board Bomb Pot	$50	$1,500
63	Triple Draw Mix	$200	$7,500
64	NLH PKO	$200	$10,000
65	NLH 6max Masters	$1,000	$15,000
66	Big O PKO	$100	$5,000

Mon, Nov 9

#	Event	Buy-in	GTD
67	Omaha 8/b	$200	$5,000
68	Badacey A-5	$100	$3,500
69	Sviten Special	$50	$1,000
70	Big O 6max Championship	$500	$15,000

Tue, Nov 10

#	Event	Buy-in	GTD
71	Dramadugi	$100	$2,000
72	Razz Fusion	$200	$5,000
73	Chop Shop Mix	$50	$1,500
74	Omaha 8/b Masters	$1,000	$20,000

Wed, Nov 11

#	Event	Buy-in	GTD
75	S.O.R.B.E.T. Mix	$200	$5,000
76	Dramaha 2-7	$50	$2,000
77	6-Card PLO 8/b	$100	$3,500

Thu, Nov 12

#	Event	Buy-in	GTD
78	PLO Mix PKO	$50	$2,000
79	2-7 NL Single Draw PKO	$100	$3,500
80	2-7 Triple Draw	$200	$5,000

Fri, Nov 13

#	Event	Buy-in	GTD
81	Big O PKO	$200	$7,500
82	H.E.R.O.S. Championship	$500	$10,000
83	2-7 Triple Draw Masters	$1,000	$20,000

Sat, Nov 14

#	Event	Buy-in	GTD
84	PLO PKO	$50	$1,500
85	PLO Masters	$1,000	$25,000
86	T.O.R.S.E. Masters	$1,000	$25,000
87	10-Game Mix	$200	$7,500

Sun, Nov 15

#	Event	Buy-in	GTD
88	NLH/PLO Mix	$50	$3,000
89	PLO5 PKO	$200	$7,500
90	NLH PKO Championship ★ Alec Hosting	$500	$20,000
91	9-Game Mix Masters High Roller	$5,000	$50,000
92	PL 2-7 Triple Draw PKO	$50	$1,000

Frequently Asked Questions

What is the $250,000 $PHNM giveaway?

Phenom is distributing $250,000 in $PHNM tokens across two leaderboards — Participation (volume-based) and Performance (results-based). Since $PHNM tokens pay 50% of Phenom's weekly net rake to holders, winning tokens means winning an ongoing equity stake, not just a one-time payout.

What does 'negative rake' mean here?

Your total return from tokens, rakeback, and prize winnings can exceed what you paid in rake. At $0.97/token, the $250K giveaway is a ~35% overlay on a $706K series. Regular players who hold tokens receive weekly rake distributions that compound over time — something structurally impossible on traditional sites.

How do I get into Championship events cheaply?

Use the satellite path: $2.50 feeders → $5 feeders → $50 satellites → $500 Championship buy-ins. Over 230 satellites run throughout the series. Registering early also gives you 10% more chips at no extra cost.

What's the difference between the two leaderboards?

The Participation Leaderboard rewards entries — every tournament you enter earns points. The Performance Leaderboard rewards results — cashes, final tables, and wins earn points. You can appear on both simultaneously.

Does Phenom accept US players?

Yes. Phenom Poker accepts players worldwide, including the United States, which makes it one of the only legitimate platforms for US players to access a major online series like the PSOP.

Can I use code ALEC?

Yes — use code ALEC when you register at phenom.poker for a 200% first deposit bonus up to $4,000. That goes directly toward PSOP buy-ins.

Play the PSOP

Use code ALEC for a 200% first deposit bonus up to $4,000

Qualify through 230+ satellites · Earn $PHNM tokens · Win a share of the $250K giveaway

Join Phenom → Use Code ALEC

Oct 23 – Nov 15 · 92 events · $706,500 GTD · $250,000 $PHNM giveaway