I just read about the game and had not considered the affect of a whale. Even if there would somehow be multiple whales bidding against each other, it'll always be a losing game for the small guys who inevitably become part of things like this.
It is literally a money grab run by those who have cheaply acquired crypto from the early days and it will just make the small people lose money.
I was dumb enough to not figure this out and to never have heard of this earlier. While that game theory thing sounds intriguing, it is a big waste to even think about working on such a game.
This could maybe work if you limited the game to rounds and stratify the levels upto which people from around the globe can invest. And maybe divide the winning. Geez!!! To think of it, i basically described a PoS system here.. Tells you that a PoS system is pretty much an unfair game..