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International Chess Federation (FIDE) to ban and punish transgender players
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Why are men and women separated in chess competition at all? There is no logical reason other than sexism and transphobia. The reason the top women in the world are so far below the top men is because chess has historically been a man's game and the history of and continued sexism has no doubt kept out women who could be just as good as the best men. I play chess regularly online and have lost to both men and women. I wouldn't be surprised if several top chess players chose to leave fide in favor of other competitions over this.
Having the current best female chess player, Hou Yifan, be at rank 55 and be the third woman ever to be in the top 100, while the second best woman, Aleksandra Goryachkina, is at rank 347, doesn't exactly paint a very gender-balanced playing field.
I think the point is that the field should be left alone. Let players of both genders rank wherever they do. Seems odd to separate the genders for a non-physical sport.
Then you will get all the top tournaments with maybe a few women, none of them will likely win (based on current ranking), which will cause possibly even less women to try chess and reinforce the vicious circle (less win also equals less money, less sponsors). Basically, after that you will get protests as well.