FIDE is proud to announce the second edition of the World Team Championship, which will this time also include a World Blitz Team Championship

Following the success of the inaugural tournament held in Dusseldorf (Germany) in August 2023, the second event aims to bring more excitement and drama with the inclusion of the Blitz competition.

“We are very excited that this event is going into its second season and that we have also added another competition to the format, making it even more exciting. Alongside the World Corporate Championship we are organizing this year, the World Rapid and Blitz Team events are another example of FIDE’s continued investment in promoting chess to different audiences,” said FIDE President Arkady Dvorkovich.

The tournament will be held in Astana, the capital of Kazakhstan, between August 1 and 6, and is expected to bring together a number of top world professionals and chess lovers, as was the case in the first edition in Dusseldorf in 2023.

Each team must have at least six but no more than nine players. Among them, they have to have at least one woman player as well as a player who has never achieved a 2000 Elo Rating, in either Rapid or Blitz, up to and including on the July 2024 FIDE rating list.

In a significant promotional boost for the event, former world champion Magnus Carlsen – who is also the world’s top-rated chess player (and holder of the world titles in Rapid and Blitz) - will also be playing in the Championships. World #1 will strengthen WR Team, which won the inaugural edition, and is ready to defend their title and try to take the first team crown in the Blitz.

Photo: Anna Shtourman

The event will be broadcast live online with star commentators and special guests. 

Prizes

The World Rapid and Blitz Championship features a total prize fund of 350,000 Euros (380,000 US dollars), with 250,000 allocated for the Rapid and 100,000 for the Blitz.

Apart from the financial rewards, every member of the top three placed teams (players and captains) will receive a medal.

Format and Time Control

The Rapid and Blitz tournaments will be played under different pairing regulations. The Rapid tournament will consist of 12 rounds played under the Swiss system, with a time control of 15 minutes and a 10-second increment per move. The Blitz tournament will have two stages: in the first stage, teams will be grouped into pools based on their strength. Each pool shall play a round-robin tournament with no more than seven rounds. From this stage, 16 teams will qualify for the second phase – the knockout tournament. The time control for the Blitz will be three minutes for the whole game with an increment of two seconds per move, starting from move one.

The scoring system in both competitions will be based on matchpoints: a win scores two points, a draw scores one point, and a loss scores zero points.

The full regulations of the event can be found here.

Registration

Registration will start soon and will be open until July 1, 2024, 12 PM Lausanne time. A maximum of 80 teams can take part (10 teams with the highest average ratings and the remaining 70 teams will be selected based on the earliest registrations).

Continued support from Freedom Holding

The main partner of the event will be Freedom Holding, which has in recent years sponsored several top chess events and brought them to Kazakhstan in an effort to develop the country’s chess potential.

“We are delighted to partner with FIDE in making this event possible. Our commitment to chess continues in 2024 with our ambition to promote the game globally but also in Kazakhstan, where we have helped organize and sponsor a number of events in recent years,” said Timur Turlov, CEO of Freedom Holding and the head of Kazakhstan Chess Federation.

About Freedom Holding Corp.

Freedom Holding Corp. is a US-based financial services holding company. Through its operating subsidiaries, Freedom Holding provides services like retail securities brokerage, research, investment counselling, securities trading, market-making, retail banking, corporate investment banking and underwriting services in Eurasia. The Company has retail locations in the USA, Kazakhstan, Kyrgyzstan, Uzbekistan, Azerbaijan, Armenia, Turkey, Greece, Cyprus, UAE, Germany, Great Britain, France, Spain and Poland.

In Kazakhstan, the company is developing a digital ecosystem under the Freedom brand. The ecosystem already provides services in the field of investment banking and stock market brokerage, digital banking, online insurance, telecommunications, air and event ticket sales, digital car service, smartphone sales and other areas.

Freedom Holding Corp. shares are traded on the NASDAQ stock exchange in New York under the ticker symbol FRHC. The activities of the company are regulated by the US Securities and Exchange Commission.

Official website: freedomholdingcorp.com
Website of the digital ecosystem: ecosystem.ffin.kz/en