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Los Angeles Olympic Games: World Athletics president Sebastian Coe has addressed the pivotal decision regarding the provision of prize money for track and field gold medalists at the 2024 Paris Olympic Games even as controversy has erupted with many sports administrators unhappy by the move.

Athletics' global governing body announced on April 10 its initiative to award prize money at the Olympic Games, marking a significant shift in the landscape of international sports.

A total prize pot of 2.4 million U.S. dollars will be reserved from the International Olympic Committee's revenue share allocation to reward winners in each of the 48 athletics events at this summer's Paris Olympics -- with relay winners to share the prize. The compensation will be extended to silver and bronze medalists in the Los Angeles Olympic Games in 2028.