The correct answer is the BWF World Championships.
About BWF World Championships:
The BWF World Championships is related to the game of Badminton that was started in the year 1977.
Until 1983 this tournament was held once every three years. Now, the BWF organised ever year.
The tournament is organized by BWF (Badminton World Federation).
The World Championships are known as IBF World Championships or the World Badminton Championships.
​The player who wins this tournament offers the most ranking points.
There is an Exceptional point about the BWF World Championships is that this is the only tournament in the world that only offers the crown title of "World Champions" and Gold Medals for the winner. There is No Prize Money for the winner.
The inaugural edition was hosted by the Malmo city (Sweden). The First winner of this tournament was won by the Denmark team. The most successful player in this tournament is Lin Dan of China. He won (5) times this title.
Image of the trophy:
Notes:
The current President of the Badminton World Federation (BWF) is Mr Poul-Erik Hoyer Larsen (August 2020).
The current President of the Badminton Federation of India (BFI) is Mr Himanta Biswa Sharma (August 2020).