Overview

• 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.