Team Liquid’s Counter-Strike 2 roster has registered for the Stake Pulse Beat I, an inaugural $60,000 tournament set for July 31 through August 5 in Stockholm, Sweden.

The tournament, produced by Black Molly Entertainment (BME) at their Stockholm studio, represents the first event in what’s being called the Stake Pulse circuit. Stake, the crypto-focused online casino and sportsbook founded in 2017, steps in as title sponsor.

How the tournament works

Stake Pulse Beat I will feature 16 teams competing in a GSL group format, with best-of-three matches leading into single-elimination playoffs. All matches will be played live at the BME studio.

The prize distribution breaks down as follows: First place takes home $20,000. Second gets $8,000. Third and fourth place earn $6,000 each, while fifth through eighth receive $4,000 apiece. Teams finishing ninth through twelfth walk away with $1,000 each.