World Chess Championship underway with $1 million tournament purse

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Norwegian top-ranked grandmaster Magnus Carlsen and Russian challenger Sergey Karjakin face off in a best-of-12 match that could last through the end of November.

The competition, staged in New York this year, requires both mental and physical stamina as each game could last as long as six hours.

The prize purse of $1.1 million will be divided 60-40 between the young grandmasters, both in their mid-20s.

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