The success of the Fide Online Nations Cup and the Magnus Invitational has led to another initiative. Magnus Carlsen is fronting an online Grand Prix of four events, followed by a super final sometime in August. This will have a total prize fund of $1 million, by far the highest-ever online.
Finding sponsors for this is easy — the online games segment, especially the gambling sites, are seeing a growth explosion — and Carlsen has been in the forefront of trying to get a slice of that pie for chess. The Magnus Invitational was retroactively deemed to be the first of