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IBA announce $1million prize for winners of 2026 World Championships

International Boxing Association (IBA) President Umar Kremlev has announced that winners of the 2026 IBA World Amateur Championships will receive a $1million prize

By Tom Ivers · Boxing Scene

Published: Wednesday, 7 October 2026 at 12:41 PM

Key Things to Know

The IBA announced a $1 million prize for gold medalists at the 2026 World Championships.
IBA President Umar Kremlev affirmed earnings belong to the sport's coaches and athletes.
The IBA is not recognized by the IOC, while rival body World Boxing holds provisional recognition.

The Story in 60 Seconds

The International Boxing Association (IBA) has announced that winners at the 2026 World Championships will each receive a $1 million prize. IBA President Umar Kremlev stated that earnings belong to the coaches and athletes, emphasizing the organization's goal of creating optimal conditions for competitors.

The IBA is no longer recognized by the International Olympic Committee due to concerns over governance, financial transparency, and refereeing integrity. Instead, rival governing body World Boxing, led by Gennady Golovkin, has received provisional IOC recognition. Despite the divide, Kremlev stated that the IBA will schedule events so fighters can freely compete in both tournaments.

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IBA announce $1million prize for winners of 2026 World Championships

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