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IOC president Thomas Bach announcing Brisbane as the host of the 2032 Olympics. Photo: Toru Hanai/Getty Images

The International Olympic Committee awarded the 2032 Olympics to Brisbane, Australia, on Wednesday, capping a new one-city selection process meant to minimize costly bidding wars between countries.

Why it matters: It will be the third time that Australia hosts the Olympics, following the popular 2000 Summer Games in Sydney and the 1956 Summer Games in Melbourne.

The big picture: The IOC has now chosen the sites for five of the six next Summer and Winter Olympics:

  • 2022 Winter: Beijing
  • 2024 Summer: Paris
  • 2026 Winter: Milan and Cortina d'Ampezzo
  • 2028 Summer: Los Angeles
  • 2030 Winter: To be announced
  • 2032 Summer: Brisbane

Between the lines: Brisbane was the first city to be named Olympic host in a new streamlined selection process, through which the IOC named the Australian city as the preferred candidate without a formal opponent. The 138th IOC Session on Wednesday served as a rubber stamp of the recommendation.

Driving the news: The announcement was made as the embattled 2020 Tokyo Olympics officially began on Wednesday with softball and women's soccer, two days before the opening ceremony.

Go deeper

Updated Jul 19, 2021 - Economy & Business

Olympics to miss the mark for many sponsors

Illustration: Brendan Lynch/Axios

The decision to move forward with the Olympics has put sponsors in a tricky position because the games are no longer the predictable investment that they were pre-pandemic.

The latest: Toyota — one of the Olympics' top sponsors — announced Monday that it will not be airing TV commercials in Japan related to the Games. Executives for Japan’s biggest automaker will also not be attending Friday's opening ceremony.

Jul 20, 2021 - Sports

Olympians are getting their voices back

Illustration: Aïda Amer/Axios

Colin Kaepernick isn't in the Olympics, but the lasting image of an athlete kneeling on the sidelines in silent protest is likely to find its way to Tokyo all the same.

Why it matters: Such a demonstration would have previously been banned at the Games, but the International Olympic Committee (IOC) has relaxed its rules governing protests in the wake of 2020's global racial reckoning.

Updated 19 hours ago - Sports

U.S. women's soccer team seeks redemption on Olympic stage

Megan Rapinoe, 15, of the United States reacts during her team's 3-0 loss on July 21. Photo: Tim Clayton/Corbis via Getty Images

The U.S. women's national soccer team boasts back-to-back World Cup champion status, has ranked first or second in the world every year since 2003 and until Wednesday's opener against Sweden, had not lost a game in 44 matches.

The big picture: But after a disappointing performance at the 2016 Rio Olympics, where the women failed to reach the gold medal game for the first time in history, the team is looking for redemption on the Olympic stage in Tokyo.