During last night's Money In The Bank pay-per-view, WWE announced they will be unveiling a new title belt on tonight's Raw and Mick Foley will be part of the big reveal.  

There has been much speculation as to what the belt will be with some suggesting Foley is bringing back the Hardcore title and other believing it has something to do with the company's upcoming Super Showdown in Saudi Arabia. 

Insider WrestleVotes has revealed the belt won't be a hardcore title or anything to do with Saudi but will have the same 24/7 defense rule as the Hardcore belt had during the Attitude Era.

This means the belt can be defended anywhere and at any time, maybe in keeping with WWE's current "Wildcard Rule" in which Superstars can cross over Raw and SmackDown more often.

Lots of rumors surrounding the new championship Mick Foley is introducing. Source says it’s not a Legends belt in anyway & not connected to Saudi Arabia. It’s not “hardcore” either, although it’s going to play off the rule where the title can be defended anywhere at anytime.

— WrestleVotes (@WrestleVotes) 20 May 2019