The International Cricket Council (ICC) announced on Thursday that it will distribute equal prize money to men's and women's teams from now on at its events.
In a statement, the governing body said teams at events such as the T20 and one-day international World Cups will receive equal prize money for both their finishing position in the tournament and winning a match at those events.
Football's governing body FIFA has come under fire for not introducing equal prize money at its World Cups.
The $152 million in prize money and player participation fees on offer at the upcoming women's football World Cup is still a fraction of the $440 million handed out to national associations at the 2022 World Cup in Qatar.