Paris 2024: World Athletics to become first federation to award prize money at Olympic Games

World Athletics has announced it will become the first international federation to award prize money at the Olympic Games.

The global governing body said a total prize pot of $2.4m (£1.9m) has been made available for this summer’s Olympics in Paris, with gold medallists receiving $50,000 (£39,400).

This will be extended to silver and bronze medallists in Los Angeles in 2028.

World Athletics president, Lord Coe called the decision a “pivotal moment”.

There will be 48 athletics events in Paris, with relay gold medallists to share their prize money among the team.