The World Athletics Organization has announced a groundbreaking initiative to award prize money to gold medalists at the 2024 Olympics. Athletes will receive $50,000 alongside their medals, totaling $2.4 million from a portion of revenue received from the Olympic Committee. This move marks the first time in 128 years of Olympic history that such a prize has been introduced.
World Athletics President, Sebastian Coe, emphasized the importance of recognizing athletes' contributions to the success of the Olympic Games. Coe highlighted the organization's commitment to empowering athletes and ensuring financial stability within the track and field sector.
