News announced own world championship

The biggest chess website announced the World Championship with $1 million in prizes, half of which go to eight finalists meeting in Toronto on 31 October to 5 November. Qualifiers for non-titled players start online on 1 May and require verified membership. Since is a sponsor of the official world championship, FIDE is expected not to enforce the clause signed by all participants of the Grand Swiss, World Cup, Grand Prix or Candidates Tournament not to play in any world championship run by third parties.