Fridrik Olafsson Memorial 2026 is a major international classical chess tournament taking place from November 24 to November 29, 2026 in Reykjavík, Iceland. The event is held in memory of Friðrik Ólafsson, Iceland’s first Grandmaster and former President of FIDE.
The tournament brings together many of Iceland’s strongest players and international competitors. It features nine FIDE-rated rounds over six days, with a compact schedule that includes three double-round days.
Participation is primarily intended for players who have reached a published FIDE rating of at least 2000 at some point during 2026. The field is expected to be limited to around 60 players.
♟️ Event Details
| 🏷️ Event name | Fridrik Olafsson Memorial 2026 |
| 📅 Dates | November 24–29, 2026 |
| 🇮🇸 City / Country | Reykjavík, Iceland |
| 📍 Venue | Reykjavík Chess Club – Faxafen 12, 108 Reykjavík, Iceland |
| ♟️ Format | Classical |
| 🔢 Rounds | 9 |
| 🧩 System | Swiss system |
| 📊 Rating | FIDE-rated |
| 👤 Tournament Director | Johanna Bjorg Johannsdottir |
| 👨⚖️ Chief Arbiter | IA Gunnar Bjornsson |
| 👥 Organizer | Icelandic Chess Federation & Reykjavík Chess Club |
| 🌐 Official website | https://skak.is/olafsson/ |
| 🏆 Chess-Results | https://chess-results.com/tnr1476055.aspx?lan=1 |
⏱️ Time Control & Pairings
The tournament consists of nine rounds played according to the Swiss system.
| ⏱️ Time control | 90 minutes for 30 moves |
| ➕ Increment | 30 seconds per move from move 1 |
| 🔢 Rounds | 9 |
| 🧩 Pairing system | Swiss system |
| 📊 Rating calculation | FIDE international rating |
| 💻 Pairing software | Swiss-Manager |
| 🏆 Pairings / Results | https://chess-results.com/tnr1476055.aspx?lan=1 |
The time control above follows the wording published in the official tournament invitation.
Half-Point Byes
Players may request up to two half-point byes during Rounds 1–6.
Bye requests must be submitted with sufficient notice and recorded on the official bye-request sheet at the arbiters’ table.
A player requesting a bye in Round 1 must confirm participation through pre-payment.
🏆 Prize Fund
The tournament offers a total prize fund of €10,000 (approximately $11,620).
| 🏆 Prize | 💶 EUR | 💵 Approx. USD |
|---|---|---|
| 1st Place | €3,000 | approx. $3,490 |
| 2nd Place | €2,000 | approx. $2,330 |
| 3rd Place | €1,500 | approx. $1,750 |
| 4th Place | €1,000 | approx. $1,170 |
| 5th Place | €1,000 | approx. $1,170 |
| Best Woman | €1,000 | approx. $1,170 |
| Best Junior | €500 | approx. $590 |
📅 Schedule
The nine rounds are played over six days.
| 📅 Date | 📆 Day | ♟️ Round | ⏰ Time |
|---|---|---|---|
| November 24, 2026 | Tuesday | Round 1 | 16:00 |
| November 25, 2026 | Wednesday | Round 2 | 10:00 |
| November 25, 2026 | Wednesday | Round 3 | 16:00 |
| November 26, 2026 | Thursday | Round 4 | 10:00 |
| November 26, 2026 | Thursday | Round 5 | 16:00 |
| November 27, 2026 | Friday | Round 6 | 16:00 |
| November 28, 2026 | Saturday | Round 7 | 10:00 |
| November 28, 2026 | Saturday | Round 8 | 16:00 |
| November 29, 2026 | Sunday | Round 9 | 10:00 |
Therefore, November 25, 26 and 28 are double-round days.
📝 Registration
Players must register through the official online registration form:
https://forms.gle/RvAgQQN5LJe8JZ5W7
A valid FIDE ID is required.
The tournament is primarily open to players who have had a published FIDE rating of 2000 or higher at any time during 2026.
Players rated below 2000 may apply for admission by contacting the organizer at:
fridrikolafssonmemorial@gmail.com
The expected field is limited to approximately 60 players. However, the organizers reserve the right to admit an additional 10–20% of players.
Registration is only considered valid after the required entry fee has been paid.
Entry Fees
| 👤 Category | 💶 Entry Fee | 💵 Approx. USD |
|---|---|---|
| GM / WGM / IM / WIM | Free | Free |
| FM / WFM | €75 | approx. $90 |
| Other players | €150 | approx. $180 |
Because places are limited, eligible players are advised to register and complete payment as early as possible.
👥 Organizer
| 👥 Organizers | Icelandic Chess Federation & Reykjavík Chess Club |
| 👤 Tournament Director | Johanna Bjorg Johannsdottir |
| ✉️ Tournament Email | fridrikolafssonmemorial@gmail.com |
| 📞 Chief Arbiter Contact | +354 820 6533 |
📍 Venue
Reykjavík Chess Club – Faxafen 12, 108 Reykjavík, Iceland
Reykjavík Chess Club, or Taflfélag Reykjavíkur, is one of Iceland’s historic chess institutions and a regular venue for FIDE-rated tournaments.
The club is located at Faxafen 12 in Reykjavík’s 108 postal district. The Icelandic Chess Federation also uses the same address for chess events and official activities.
Friðrik Ólafsson himself had a long association with Reykjavík Chess Club and was one of the most important figures in the history of Icelandic chess.
🚆 How to Get There
The tournament venue is:
Reykjavík Chess Club
Faxafen 12
108 Reykjavík
Iceland
Players arriving from outside Iceland will normally travel through Keflavík International Airport, followed by ground transportation to Reykjavík.
Once in Reykjavík, players can reach Faxafen 12 by local transport, taxi or car. Participants should allow additional travel time on the morning double-round days, when games begin at 10:00.
ℹ️ Other Information
👤 About Friðrik Ólafsson
Friðrik Ólafsson was born in Reykjavík in 1935 and became Iceland’s first chess Grandmaster in 1958.
He competed in the 1959 Candidates Tournament and defeated several World Champions during his career, including Bobby Fischer, Mikhail Tal, Tigran Petrosian and reigning World Champion Anatoly Karpov.
Ólafsson won the Icelandic Championship six times and the Nordic Championship twice. From 1978 to 1982, he served as President of FIDE.
He died in April 2025 at the age of 90. This memorial tournament honours his exceptional contribution to Icelandic and international chess.
♟️ Town and Country Chess Adventure
The tournament is scheduled immediately after the Sel Hotel Mývatn / Mývatn Öl Open, which takes place in northern Iceland from November 19–22, 2026.
International players can therefore combine the two events and play 15 tournament rounds in 11 days while experiencing both northern Iceland and Reykjavík.
🏨 Accommodation
The organizers have announced that discounted rates at nearby hotels will be offered, but the specific accommodation packages have not yet been published.
Players should check the official tournament website for updates before booking.
🔗 Official Information
Official Tournament Website:
https://skak.is/olafsson/
Official Invitation:
https://skak.is/olafsson/invitation/
Schedule:
https://skak.is/olafsson/schedule/
Prizes:
https://skak.is/olafsson/prizes/
Registration:
https://forms.gle/RvAgQQN5LJe8JZ5W7
Chess-Results:
https://chess-results.com/tnr1476055.aspx?lan=1
Additional Details
Hotels Near the Venue
Find nearby accommodation for this tournament location.