Enhanced Games Posts $62 Million Loss After ‘Steroid Olympics’ Debut

by News Editor

August 21, 2026

The Enhanced Games, a controversial sports competition that allows athletes to use performance-enhancing drugs banned in traditional sports, has ended its first event with disappointing results both competitively and financially.

Held in Las Vegas in May, the Games attracted backing from figures including Peter Thiel and executives from the crypto, AI and biotech industries. However, only one world record was set during the event, in swimming.

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Enhanced Group, the company behind the Games, has now reported a net loss of nearly $62 million for the second quarter, with a significant portion of the loss linked to hosting the competition.

Revenue Driven By The Games

Founded in 2023, Enhanced Group went public earlier this year at a valuation of around $1.2 billion. Its core business is a digital telehealth platform offering personalised health treatments, including FDA-approved peptides, testosterone injections and GLP-1 drugs.

The company generated $17.7 million in revenue during the second quarter, but most of it came from sponsorships connected to the Games rather than its telehealth business.

The results also raise questions about plans to make the competition an annual event, as repeating a loss-making format could prove difficult without significantly higher revenue.

A Lower-Cost Strategy

Enhanced Group recently launched Enhanced Breakers, an online sports series that it says operates at a fraction of the cost of a full Games event. The format is designed to keep athletes competing and sponsors engaged while promoting the company’s performance-medicine business throughout the year.

Meanwhile, the broader peptide and performance-medicine industry continues to grow. Silicon Valley has become a hub for startups focused on biohacking and personalised health, while the sector is expanding faster than the regulations governing it.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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