SJM called it the "de facto" world championship, which is not the same as calling it a world championship.
What he's saying is, there is no other bank tournament on earth with a larger field, better players, and more money.
World championship is just a label, at the end of the day it's just another tournament. Kind of like a lot of State Championships are really just "Local Pool Tour Stop #14".
I missed that. But, lots of people call it the "World Championship". And SJM said Daulton is the reigning "World Champion" in his first sentence. That is wrong. There is no bigger straight pool even than Charlie's 14.1. It is not called a "World Championship" either.
We all know the reason the WPA sanctions a world championship. Its to keep mom and pop events from being called World Championships. We can't pick and choose because an event has a lot of top players, like DCC Banks or Charlies 14.1. Its either WPA sanctioned or its not.