00:00It's Benzinga, and here's what's on the block.
00:02Joey Chestnut, winner of the annual Nathan's Hot Dog Eating Contest for the past several
00:06years, has been banned from competing in 2024.
00:10Chestnut signed a deal to represent plant-based meat company Impossible Foods, whose products
00:14include a vegan hot dog.
00:16Nathan's contest organizers have a policy that competitors must exclusively represent
00:20their brand of hot dogs.
00:22Chestnut was offered a $1.2 million four-year contract to continue competing for Nathan's,
00:27but turned it down to partner with Impossible.
00:29Major League Eating says it's devastated by Chestnut's choice, but hopes he'll return
00:33when not representing a rival brand.
00:36Chestnut has won the men's competition 16 times, including every year since 2016.
00:41His world record is 76 hot dogs eaten, set in 2020.
00:44For all things money, visit Benzinga.com.
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