The Enhanced Games were such a flop its parent stock immediately tanked
For The Win
May 26, 2026, 10:55 a.m. ET
The Enhanced Games failed to live up to their own hype. Heck, they failed to live up to the Saturday Night Live sketch that suggested an “all-drug Olympics” to begin with.
Despite promising hailstorms of falling world records, only one athlete at the event unofficially topped that standard. Greek swimmer Kristian Gkolomeev swan the 50 meter freestyle in 20.81 seconds, 0.07 ahead of the current (and still standing) record thanks in part to a lack of drug testing and the use of a banned body-length supersuit.
Three events – the men’s 50 meter breaststroke and 100 meter backstroke in the pool as well as the women’s 100 meter dash on the track – were won by athletes considered "unenhanced." Sprinter Fred Kerley, who is serving a suspension for missing drug tests but is considered “unenhanced” as well, promised to shatter Usain Bolt’s record in the men’s 100 meter dash. He won, but missed that mark by nearly four tenths of a second.
It turns out having 42 mediocre athletes underwhelmingly compete in the parking lot of a Las Vegas casino for an event without a cable broadcast partner was damaging. The Enhanced Games’ parent company, A Paradise Acquisition Corp., felt the sting Tuesday morning. That’s when the company’s stock was halved in early trading.
After closing at $5.36 the day before, ENHA stock spiraled to $2.67 Tuesday morning as investors sobered up after a long weekend, checked the Enhanced Games results and winced. The stock has since rebounded slightly, but was still down approximately 45 percent from the previous evening at time of publication.
Ultimately, the Enhanced Games failed to bring in the big names that could have secured a bigger media footprint and delivered on the promise of superhuman results. Instead, it proved that doping can only help athletes who are already elite rather than make a “pretty good” swimmer an Olympic medalist. It feels destined to be tossed on a trash heap alongside the Goodwill Games, without even the comfort of Emilio Estevez’s Mighty Ducks making an appearance. Which lends the question: would the knucklepuck count as a banned move?