Hot take regarding GPs: Wizards has long said that the bulk of players never attend competitive events. Why would they continue to invest money in archaic marketing that doesn't even target it's core demographic?
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That seems... doubtful? And also like it wouldn't have anything to do with GPs that have been successful events for years on end?
Wizards has made that claim repeatedly for over a decade. This move is them putting their money where their mouth is.