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honololou ♡ 20 ( +1 | -1 )
Why… are there currently two world champions? When did this
split occur resulting in separate FIDE and Classical Chess

Which one (if either) is generally regarded more highly?
caldazar ♡ 71 ( +1 | -1 )
Kasparov, unhappy with the way FIDE was handling affairs, broke away from FIDE back in 1993 and tried to start his own chess federation. From then on, there were two "world champion" titles, one held by Kasparov (until he lost it to Kramnik) and the one handed out by FIDE. Hence the need for this year's world championship reunification cycle.

Opinions differ, but my personal feeling is that the title currently held by Kramnik holds more weight since he won it by not only defeating Kasparov, the world's #1 ranked player, but he did so under tournament match conditions. Contrast this with Ponomariov's title, which he won through an FIDE knockout tournament.
More: Chess
tulkos ♡ 3 ( +1 | -1 )
yes, Kramnick is world champion.
honololou ♡ 19 ( +1 | -1 )
thank you caldazar… I think its great that we will soon return to a situation
where there is only one universally recognized world chess

Right now, its too much like boxing.
cheesemuffin ♡ 11 ( +1 | -1 )
Kramnik has to be considered world champion. I don't know what Pomanirov's position in the world rankings is, but it's not even close to no. 1
caldazar ♡ 8 ( +1 | -1 )
Ruslan Ponomariov is currently ranked 7th worldwide with a FIDE ELO of 2734.