CME Group announced an extension of the CME Group Tour Championship and the season-long Race to the CME Globe with the Ladies Professional Golf Association (LPGA) through 2025. This two-year title sponsorship agreement will introduce new opportunities for women's golf in 2024, featuring an increased total purse of $11 million.

According to a press release by CME Group, there will be a $4 million first-place prize, $1 million for the runner-up, and each of the 60-golfer field qualifiers will receive a minimum of $55,000 for the first time ever. This aims to increase recognition for all participating players.

"As a long-standing supporter of women in business and sports, CME Group is pleased to continue our partnership with the LPGA to further elevate women's golf," said Terry Duffy, CME Group Chairman and Chief Executive Officer. He added that from next year onward, "the CME Group Tour Championship's $11 million purse will be the highest on the LPGA Tour, and the $4 million first-place prize will be the largest single prize in women's sports." Duffy expressed optimism that these developments would excite both players and spectators while bringing more parity to the game.

In response to this partnership extension with CME Group, LPGA Commissioner Mollie Marcoux Samaan stated that it is extremely important as it underscores the growth and strength of the LPGA. "CME Group has been pushing the LPGA forward at every step of our evolution since 2011 and with this extension they are once again helping take the LPGA, women's golf and women's sports to unprecedented heights." She expressed gratitude towards Terry Duffy and CME Group for their commitment to advancing opportunities for girls and women on and off the golf course. Samaan also acknowledged their support of St. Jude Children's Research Hospital throughout the season at the CME Group Tour Championship.