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.