The current big event running at the moment is the Global Chess League, from Dubai. It is a cross between tradition team events, and T20 Cricket leagues, with teams not so much representing countries or regions, but represent franchises. The new league has 8 teams and has attracted most of the worlds top players. On the plus side it is actually being played in person (rather than online), although the G/15m+5s time limit is geared towards instant gratification rather than slow contemplation.
The most interesting feature is the scoring system - with a match win (over all 6 boards) earning a team 3 points, while drawn match is worth 1. However in the individual games a win for White is worth 3 points, but a win for Black is worth 4 (with 1 for a drawn game). So the effect is that in the case of a drawn match (in the traditional sense) the team with more Black wins, wins.
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