button in SafariPhillip “P3” Hellmuth III Says F*** the Markup Police | PokerNews Podcast #993
In the 993rd episode of the PokerNews Podcast, which is sponsored by FanDuel Poker, Chad Holloway, Mike Holtz, and Ben Ludlow are joined by Phillip "P3" Hellmuth III at Level 9 Studio in Las Vegas during the 2026 World Series of Poker (WSOP).
The son of poker legend Phil Hellmuth talks about what it was like growing up with the "Poker Brat" as a dad, but also about his own journey to poker, which started relatively recently after he was laid off from a longtime banking job. Now, Hellmuth III has been busy studying, competing on Hellmuth's Home Game, and doing his best to rack up some results.
P3 also talks about his father's controversial decision to encourage him to charge a 1.4 mark-up for the 2026 World Series of Poker (WSOP) Main Event, and the subsequent bet with Shaun Deeb. From there, Hellmuth III talks about his brother, Nick Hellmuth, the RunGood Poker Series (RGPS), and plays a round of 'Which Phil Is It?' right in the studio.
Be sure to check out the audio version of the PokerNews Podcast that is available on all major podcasting platforms, including Apple Podcasts, Spotify, and SoundCloud.
Time Stamps
| Time | Topic |
|---|---|
| 00:00 | Welcome to the show |
| 00:21 | Phillip Hellmuth III joins the show |
| 00:55 | Growing up a Hellmuth |
| 02:30 | What inspired you to try poker? |
| 04:20 | Playing the RGPS |
| 06:45 | Playing on Hellmuth’s Home Game |
| 10:40 | 1.4 markup for Main Event |
| 13:50 | Phil Hellmuth as a father-in-law |
| 14:35 | Brother Nick Hellmuth |
| 17:34 | Which Phil is It? |
| 22:20 | What’s next for P3? |
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