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.

According to BBC Sport, this will be extended to silver and bronze medallists at Los Angeles 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.

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