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In poker, a PKO (Progressive Knockout) tournament is a type of tournament where a portion of the buy-in goes toward a bounty on each player's head. In PKO tournaments, when a player eliminates another player, they typically receive a cash prize for half of the eliminated player's bounty.

The Theory of Progressive Knockout Tournaments - GTO Wizard Blog

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In a Progressive Knockout Tournament, each player has a bounty on their head which increases with each elimination. As a result, as the tournament progresses, the bounty on your head increases, making it more and more lucrative for other players to try to knock you out.

What Are Progressive Knockout Tournaments in Poker? - William Hill

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