diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index f2352b4db..348b0f872 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -25,6 +25,7 @@
 - \#1950 Fix extremely long delay before uploaded segment gets transcoded (@darkdarkdragon)
 - \#1933 server: Return 0 video frame segments unchanged (@darkdarkdragon)
 - \#1932 Serialize writes of JSON playlist (@darkdarkdragon)
+- \#1985 Set default -maxTicketEV to 3000 gwei (@yondonfu)
 
 #### Orchestrator
 
diff --git a/cmd/livepeer/livepeer.go b/cmd/livepeer/livepeer.go
index e672ed18a..a2839ee03 100644
--- a/cmd/livepeer/livepeer.go
+++ b/cmd/livepeer/livepeer.go
@@ -122,7 +122,7 @@ func main() {
 	initializeRound := flag.Bool("initializeRound", false, "Set to true if running as a transcoder and the node should automatically initialize new rounds")
 	ticketEV := flag.String("ticketEV", "1000000000000", "The expected value for PM tickets")
 	// Broadcaster max acceptable ticket EV
-	maxTicketEV := flag.String("maxTicketEV", "100000000000000", "The maximum acceptable expected value for PM tickets")
+	maxTicketEV := flag.String("maxTicketEV", "3000000000000", "The maximum acceptable expected value for PM tickets")
 	// Broadcaster deposit multiplier to determine max acceptable ticket faceValue
 	depositMultiplier := flag.Int("depositMultiplier", 1, "The deposit multiplier used to determine max acceptable faceValue for PM tickets")
 	// Orchestrator base pricing info