The tournament was a 7-round knockout event, with the top 25 seeds given a bye directly into the second round. The losers of the two semi-finals played a match for third place. The players who finished first, second, and third qualified for the Women's Candidates Tournament 2024.[1]
Each round consisted of classical time limit games on the first two days, plus tie-breaks on the third day if required. The time limits were as follows:[1]
Two classical time limit games: 90 minutes, plus a 30-minute increment on move 40, plus a 30-second increment per move from move 1, per player.
If the match is tied after the classical games, players will play two rapid chess games, with 25 minutes plus a 10-second increment per move, per player.
If the match is still tied, players then will play two more rapid chess games, with 10 minutes plus a 10-second increment per move, per player.
If the match is still tied, players then will play two blitz games, with 5 minutes plus a 3-second increment per move, per player.
If the match is still tied, a single blitz game, with 3 minutes plus a 2-second increment per move, will be played to decide the match. A drawing of lots will determine which player plays white. If drawn, the players will switch colors and play again, until a decisive result is obtained.
Schedule
Each round lasted three days: two for classical time limit games and a third, if necessary, for tie-breaks. Rounds 1 to 3 ran from July 30 to August 7; August 8 was a rest day; Rounds 4 to 6 ran from August 9 to 17; August 18 was a rest day; and the final and third-place match ran from August 19 to 21.[1]
Prize money
The total prize fund was US$676,250, with the first prize of US$50,000.[1]
Prize money in US dollars
Ranking
Prizes
Total
Eliminated in Round 1
39 × 3,750
146,250
Eliminated in Round 2
32 × 5,000
160,000
Eliminated in Round 3
16 × 6,750
108,000
Eliminated in Round 4
8 × 9,500
76,000
Eliminated in Round 5
4 × 14,000
56,000
4th place
1 × 20,000
20,000
3rd place
1 × 25,000
25,000
Runner-up
1 × 35,000
35,000
Winner
1 × 50,000
50,000
Total
676,250
Participants
The participants are seeded by their FIDE rating of July 2023, apart from Ju Wenjun, who is seeded first as Women's World Chess Champion. [2][3]
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