Bidding for the 2024 Summer Olympics began in 2015. Paris beat out four cities — Hamburg, Rome, Budapest, and Los Angeles — for the right to host the Games. After Hamburg, Rome and Budapest ultimately withdrew their names from contention, the IOC approved concurrent Paris and Los Angeles to host the 2024 and ’28 Olympics at an Extraordinary IOC Session in 2017 in Lausanne, Switzerland. The formal announcement of the said decision took place at the 131st IOC Session in Lima, Peru.
The International Olympic Committee (IOC) organizes the Games and oversees the host city’s preparations. In each Olympic event, gold medals are awarded for first place, silver medals are awarded for second place, and bronze medals are awarded for third place; this tradition began in 1904. The Winter Olympic Games were created out of the success of the Summer Olympics.