World Athletics Introduces Prize Money for Olympic Gold Medalists

In a historic move, gold medalists at the Paris 2024 Olympics will receive $50,000, marking a shift from the traditional amateur ethos of the Games.

World Athletics will award $50,000 to each gold medalist at the 2024 Paris Olympics, a first in Olympic history.
The decision has sparked debate about fairness and the impact on the amateur spirit of the Olympics.
Relay teams winning gold will share the $50,000 prize, with further plans to extend prize money to silver and bronze medalists by the 2028 Los Angeles Games.
Critics argue the move could create disparities among sports and athletes, potentially harming the unity and equality of the Olympics.
The funding for the prizes will come from the IOC's revenue distribution, which aims to support athletes and sports development globally.